Current:Home > ContactTaylor Swift is a billionaire: How Eras tour, concert film helped make her first billion -Wealth Evolution Experts
Taylor Swift is a billionaire: How Eras tour, concert film helped make her first billion
View
Date:2025-04-19 12:20:11
Taylor Swift has done something rare in this day and age: become a billionaire almost exclusively from music.
Between the ongoing international Eras Tour, several weeks of her blockbuster tour film and the re-release of a nine-year-old album, "1989," plus two decades of popularity, Swift, 33, has officially earned the title of billionaire, according to analysis from Bloomberg, released Thursday.
Swift's U.S. concerts added $4.3 billion to the country’s gross domestic product this year, Bloomberg estimates.
Bloomberg says its analysis is conservative and "based only on assets and earnings that could be confirmed or traced from publicly disclosed figures." Still, the analysis took into account the estimated value of Swift's music catalog and five homes, and earnings from music sales, concert tickets, streaming deals and merchandise.
USA TODAY has reached out to Swift's rep for comment.
Here's how her earnings stack up:
- An estimated $400 million off of music released since 2019, starting with "Lover"
- $370 million from ticket sales a merchandise
- $120 million from Spotify and YouTube
- $110 million value of homes
- $80 million in royalties from music sales
Other musicians that have reached billionaire status include Rihanna, who last year was declared the world's richest female musician, as well as Jay-Z and Ye, formerly known as Kanye West.
After a record-breaking opening weekend of $92.8 million, "Taylor Swift: The Eras Tour" took in an estimated $31 million from 3,855 locations, according to AMC Theaters.
Within days, it became the highest-grossing concert film ever in North America, not accounting for inflation. It’s quickly accumulated $129.8 million domestically.
The tour itself has generated $4.6 billion in projected consumer spending, according to research company QuestionPro. Los Angeles estimated $320 million increase in GDP from her six concerts there.
In 2019, Swift released "Lover," the first album she owned after the masters to her first six albums were purchased by Scooter Braun via his acquisition of Big Machine Label Group. She has re-released four "Taylor's Version" editions of those albums since then, including "1989," "Fearless," "Red" and "Speak Now."
Contributing: Melissa Ruggieri, USA TODAY; Jake Coyle, The Associated Press
Songwriter, icon, mogul?Taylor Swift's 'Eras' Tour movie latest economic boon for star
veryGood! (1819)
Related
- From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
- Wisconsin GOP leader silent on impeachment of Supreme Court justice after earlier floating it
- Shares in Walmart’s Mexico subsidiary drop after company is investigated for monopolistic practices
- Savannah Chrisley Shares Why It’s “Tough” Having Custody of Brother Grayson and Niece Chloe
- Louvre will undergo expansion and restoration project, Macron says
- Vatican defends wartime Pope Pius XII as conference honors Israeli victims of Hamas incursion
- Gigi Hadid and Bradley Cooper Spotted Spending Time Together in NYC
- Travis Kelce’s Niece Wyatt Is a Confirmed “Swiftie” in Adorable Video Amid Taylor Swift Dating Rumors
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Gigi Hadid and Bradley Cooper Spotted Spending Time Together in NYC
Ranking
- In ‘Nickel Boys,’ striving for a new way to see
- Biden’s hopes for establishing Israel-Saudi relations could become a casualty of the new Mideast war
- Gigi Hadid and Bradley Cooper Spotted Spending Time Together in NYC
- Louisiana public school principal apologizes after punishing student for dancing at a party
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- The Crown Season 6 Premiere Dates Revealed in New Teaser
- Israel attacks spark outrage from GOP presidential candidates
- Man fatally shot while hunting with friends for coyotes in Iowa
Recommendation
Sonya Massey's father decries possible release of former deputy charged with her death
It's time to do your taxes. No, really. The final 2022 tax year deadline is Oct. 16.
UN airs concerns for civilians as Israel steps up military response in Gaza to deadly Hamas attacks
Powerball jackpot grows to $1.55 billion for Monday; cash option worth $679.8 million
Don't let hackers fool you with a 'scam
US Postal Service proposes new postage stamp price hikes set to begin in 2024
Pumpkin weighing 2,749 pounds wins California contest, sets world record for biggest gourd
Beyond X: Twitter's changed a lot under Elon Musk, here are some notable moves