Taylor Swift declared a billionaire
LOS ANGELES - Taylor Swift has officially reached billionaire status 17 years into her illustrious career as music’s biggest superstar.
On Tuesday, Forbes released their 2024 billionaire list and Taylor climbed to fourteenth place with a US$1.1billion fortune.
The pop star who is the most famous newcomer on the list, amassed an estimated US$1.1 billion fortune, based on earnings from her blockbuster Eras tour, the value of her music catalog and her real estate portfolio.
This is on top of huge earnings from her first six albums, which she re-recorded as she is negotiating with streaming platforms on how her music is monetized.
The accomplishment is particularly monumental as she is among a small few who’ve achieved the milestone ‘through music and performing alone.’
Taylor’s Eras Tour is the first tour to cross the US$1 billion mark, according to Pollstar’s 2023 year-end charts.
Tour
Not only was Swift’s landmark Eras Tour the number one tour both worldwide and in North America, but she also brought in a whopping US$1.04 billion (£831.6 million) with 4.35 million tickets sold across 60 tour dates, the concert trade publication found.
Pollstar data is pulled from box office reports, venue capacity estimates, historical Pollstar venue ticket sales data and other undefined research, collected from November 17, 2022 to November 15, 2023.
Representatives for the publication did not immediately clarify if they adjusted past tour data to match 2023 inflation in naming Swift the first to break the billion Dollar threshold.
Her tour kicked off in March in Arizona.
Pollstar also found that Swift brought in approximatelyUS$200 million (£159.8 million) in merch sales.
And her blockbuster film adaptation of the tour, Taylor Swift: The Eras Tour, has reportedly earned approximately US$250 million (£199 million) in sales.
That makes it the highest-grossing concert film of all time.
According to their estimates, Pollstar predicts a big 2024 for Swift as well.
The magazine projects the Eras Tour will once again reach US$1 billion (£799 million) within their eligibility window.
That means Swift is likely to bring in more than US$2 billion (£1.5 billion) over the span of the tour.