Current:Home > reviewsTaylor Swift is a billionaire: How Eras tour, concert film helped make her first billion -FinanceMind
Taylor Swift is a billionaire: How Eras tour, concert film helped make her first billion
View
Date:2025-04-16 19:09:25
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! (8693)
Related
- A White House order claims to end 'censorship.' What does that mean?
- General Motors becomes 1st of Detroit automakers to seal deal with UAW members
- Trial of ex-officer Brett Hankison in Breonna Taylor death ends with hung jury: What's next
- Texas woman convicted and facing up to life in prison for killing pro cyclist Mo Wilson
- Where will Elmo go? HBO moves away from 'Sesame Street'
- New drill bores deeper into tunnel rubble in India to create an escape pipe for 40 trapped workers
- Supreme Court leaves in place pause on Florida law banning kids from drag shows
- Photographer found shot to death in violence plagued Mexican border city of Ciudad Juarez
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Judge declares mistrial after jury deadlocks in trial of ex-officer in deadly Breonna Taylor raid
Ranking
- The Louvre will be renovated and the 'Mona Lisa' will have her own room
- Serena Williams and Ruby Bridges to be inducted into National Women’s Hall of Fame
- Suspect in custody after a person was shot and killed outside court in Colorado Springs, police say
- Hunter Biden files motion to subpoena Trump, Bill Barr, other Justice Dept officials
- Toyota to invest $922 million to build a new paint facility at its Kentucky complex
- Swifties, Travis Kelce Is Now in the Singing Game: Listen to His Collab With Brother Jason
- As Georgia looks to court-ordered redistricting, not only Republicans are in peril
- 2 environmentalists who were targeted by a hacking network say the public is the real victim
Recommendation
Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
Matson’s journey as UNC’s 23-year-old field hockey coach reaches the brink of another NCAA title
Demand for seafood is soaring, but oceans are giving up all they can. Can we farm fish in new ways?
Boston pays $2.6M to Black police officers who alleged racial bias in hair tests for drug use
Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
Shohei Ohtani, baseball’s 2-way star, becomes first 2-time unanimous MVP
Wisconsin wildlife officials won’t seek charges against bow hunter who killed cougar
GM autoworkers approve new contract, securing wage increases