Current:Home > MyTaylor Swift is a billionaire: How Eras tour, concert film helped make her first billion -Wealth Navigators Hub
Taylor Swift is a billionaire: How Eras tour, concert film helped make her first billion
View
Date:2025-04-14 23:02:43
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! (8)
Related
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- 'The Black Dog': Taylor Swift announces fourth and final version of 'Tortured Poets'
- Missouri governor commutes prison sentence for ex-Kansas City Chiefs coach who seriously injured child in drunken-driving wreck
- Kentucky House passes legislation aimed at curbing unruliness on school buses
- Friday the 13th luck? 13 past Mega Millions jackpot wins in December. See top 10 lottery prizes
- Taylor Swift performs 'Story' mashup for Singapore's secret songs on Eras Tour
- Item believed to be large balloon discovered by fishermen off Alaskan coast
- 'SNL' host Sydney Sweeney addresses Glen Powell rumors, 'Trump-themed party' backlash
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Trader Joe's recall: Steamed chicken soup dumplings could contain pieces of hard plastic
Ranking
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- 12 feet of snow, 190 mph wind gust as 'life-threatening' blizzard pounds California
- Nikki Haley rejects third-party No Labels presidential bid, says she wouldn't be able to work with a Democratic VP
- Patient and 3 staffers charged in another patient’s beating death at mental health facility
- McConnell absent from Senate on Thursday as he recovers from fall in Capitol
- Can a solar eclipse blind you? Get to know 5 popular eclipse myths before April 8
- MLS pulls referee from game after photos surface wearing Inter Miami shirt
- Justin Timberlake Shares Rare Family Photos in Sweet 42nd Birthday Tribute to Jessica Biel
Recommendation
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
Chicago ‘mansion’ tax to fund homeless services stuck in legal limbo while on the ballot
MLB's few remaining iron men defy load management mandates: 'Why would I not be playing?'
Would your Stanley cup take a bullet for you? Ohio woman says her tumbler saved her life
Stamford Road collision sends motorcyclist flying; driver arrested
Writer for conservative media outlet surrenders to face Capitol riot charges
Prisoners with developmental disabilities face unique challenges. One facility is offering solutions
Two fragile DC neighborhoods hang in the balance as the Wizards and Capitals consider leaving town