May 18, 2024

News and Political Commentary

Taylor Swift is officially a billionaire: Bloomberg

2 min read

Pop music supernova Taylor Swift has officially joined the three-comma club, Bloomberg News reports. On the eve of the release of 1989 TV—and amid a record-breaking tour and box office bonanza—the singer-songwriter’s net worth sits at an estimated $1.1 billion.

Bloomberg’s analysis takes into account the estimated value of Swift’s music catalog and her five homes, as well as earnings from streaming, music sales, and her concerts. The news outlet says the calculation is likely conservative and is based “only on assets and earnings that could be confirmed or traced from publicly disclosed figures.” Swift did not respond to Bloomberg’s request for comment.

The bulk of her wealth is tied to her impressive catalog, which Bloomberg values at $400 million. (And that’s the music she’s released since 2019—the music she made before that is now held by Shamrock Holdings. If all of her music is included, the value reaches $1 billion on its own, per Bloomberg.) Another $370 million is tied to ticket sales and merchandise, while Spotify and YouTube earnings account for $120 million, and her five homes are valued at $110 million. It is possible she has other sources of wealth that are not public.

“She’s one of the few entertainers to reach that status based on music and performing alone, the result of work and talent, but also canny marketing and timing,” Bloomberg notes.

The world’s ‘most charismatic CEO’

Speculation on when, not if, Swift would officially crossover into billionaire-dom has abounded since the Eras Tour kicked off with unprecedented demand for tickets. The tour itself, which is currently slated to run through the end of 2024, is set to rack in well over $1 billion in ticket sales, much of which makes its way to Swift.

The Eras Tour has worked as something of a marketing machine for her other projects. While many artists make most of their money off of touring, Swift is the rare musician who also makes a

Alicia Adamczyk

2023-10-26 20:29:19

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