Taylor Swift’s Eras tour has led her to the list of billionaires, as per a new report from Bloomberg. This makes her one of the few recording artists to have a 10-figure fortune, and that too comes solely from her music. No wonder this solves the mystery of how is Taylor Swift became a millionaire.
It is the fandom of Taylor Swift that has made her a bigger star and upended industry trends. She is one of the rare artists who has been successful in selling significant volumes of physical music along with vinyl albums and CDs. All of these sales are more profitable to an artist as compared to streamed songs.
Know Taylor Swift’s Net Worth 2023
Taylor has broken box office records with her amazing Eras tour concert film, which gathered $92.8 million during its opening weekend. Also, it is expected to beat the chart records again with the re-release of her 2014 album, 1989. However, Taylor Swift’s net worth 2023 is now about $1.1 billion. As per the Bloomberg analysis, during the US tour, the 53 concerts added around $4.3 billion to the country’s gross domestic product. The tour is going to happen in Asia, Australia, and Europe in the coming year. This will offer Taylor new money-making opportunities and make her bigger in other countries.
Bloomberg also called this analysis ‘conservative’ depending on the assets and earnings that can be traced from publicly revealed figures. To add more to how is Taylor Swift become a billionaire, a lot of calculations were taken into account. For instance, the estimated value of Taylor Swift’s five homes is around $110 million, the music catalog has been around $400 million since 2019, earnings from streaming deals like YouTube and Spotify are around $120 million, music sales are around $80 million, concert tickets and merchandise are around $370 million, tour production, travel costs, commissions, and a lot more.
As per Bloomberg’s estimations, the Eras tour, which was a 44+ song mega concert of three and a half hours, generated $700+ million in ticket sales till now, and that is before the 89-date international leg. An investigation into Ticketmaster revealed that the average ticket price was $257. Also, Taylor’s pre-tax profit from the Eras tour to date is around $225 million, which is around twice the ‘Reputation’ tour that happened in 2018.
The answers to the question of how is Taylor Swift become a billionaire are not going to end anytime soon, as her earnings are going to multiply in the future.
