Current:Home > MarketsTaylor Swift is a billionaire: How Eras tour, concert film helped make her first billion -Ascend Wealth Education
Taylor Swift is a billionaire: How Eras tour, concert film helped make her first billion
View
Date:2025-04-17 20:48:44
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! (324)
Related
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Lone orca kills great white shark in never-before-seen incident, scientists say
- Horned 'devil comet' eruption may coincide with April 8 total solar eclipse: What to know
- New House bill would require TikTok divest from parent company ByteDance or risk U.S. ban
- North Carolina justices rule for restaurants in COVID
- Baltimore to pay $275k in legal fees after trying to block far-right Catholic group’s 2021 rally
- Xcel Energy 'acknowledges' role in sparking largest wildfire in Texas history
- Don't Miss Out On Free People's Flash Sale For Up To 80% Off, With Deals Starting at Under $20
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Activist to foundation leader: JPB’s Deepak Bhargava to deliver ‘lightning bolt’ to philanthropy
Ranking
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- State AGs send letter to Meta asking it to take ‘immediate action’ on user account takeovers
- Alabama Senate begins debating lottery, gambling bill
- WWE Alum and Congressional Candidate Daniel Rodimer Accused of Murder by Las Vegas Police
- Most popular books of the week: See what topped USA TODAY's bestselling books list
- Lace Up, These Hoka Sneaker Deals Won’t Last Long & You Can Save Up to 51%
- WWE Alum and Congressional Candidate Daniel Rodimer Accused of Murder by Las Vegas Police
- 'A lot of fun with being diabolical': Theo James on new Netflix series 'The Gentlemen'
Recommendation
Meta releases AI model to enhance Metaverse experience
Women's basketball needs faces of future to be Black. Enter JuJu Watkins and Hannah Hidalgo
Xcel Energy 'acknowledges' role in sparking largest wildfire in Texas history
'Princess Bride' actor Cary Elwes was victim of theft, sheriffs say
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
For Kevin James, all roads lead back to stand-up
Feds investigating suspected smuggling at Wisconsin prison, 11 workers suspended in probe
The Metropolitan Opera Orchestra will tour Asia for the first time in June