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Forbes Topline

Taylor Swift Is Officially A Billionaire Thanks To The Eras Tour | Forbes

Forbes Topline

Forbes

Business News, News, Entrepreneurship, Business

4.86 Ratings

🗓️ 31 October 2023

⏱️ 3 minutes

🧾️ Download transcript

Summary

With a record-breaking tour, a blockbuster movie and a shrewd mind for business, the 33-year-old singer is now worth an estimated $1.1 billion. Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

At just 33 years old, Taylor Swift has become a billionaire with an estimated net worth of $1.1 billion.

0:09.0

Taylor Swift's era's tour started out as a retrospective of her nearly two-decade career and a celebration of her

0:16.2

ten iconic albums.

0:18.3

It has become an unprecedented financial phenomenon that has already grossed

0:23.0

780 million dollars in ticket sales on its way to becoming the top earning tour of all time.

0:30.0

She is now the first musician to make the billionaire ranks solely based on her songs and

0:34.8

performances according to Forbes.

0:37.6

She pocketed an estimated $190 million after taxes from the first leg of her era's tour and another $35 million from the first two weeks of screenings of Taylor Swift, the era's tour movie.

0:51.0

Another $500 million is based on the rising value of her music catalog and she has another

0:56.7

125 million dollars in real estate and a $10 million private plane. Swift's rise comes amid a boom for celebrity

1:04.8

billionaires, but unlike her superstar colleagues, Swift doesn't have a

1:08.7

profitable side hustle boosting her net worth like Jay-Z, Riana, and Jimmy Buffett.

1:13.8

That puts Swift in a class with legends like Bruce Springsteen,

1:17.2

whose lifetime pre-tax earnings are over $1 billion,

1:20.7

the majority of which was earned on the road touring.

1:24.0

Forbes estimates the value of SWIFT's catalogue to be worth roughly $500 million.

1:30.0

Her master's recordings, her first six albums, were famously scooped up in 2019 by Scooter Braun

1:36.4

and later sold to Shamrock Capital for $300 million, which Swift claims was done behind her back. The pop singer famously took back control of her music

1:45.6

when following a bitter public dispute, Swift got her revenge by signing a lucrative distribution deal

1:51.1

with Universal Music Group that gave her complete ownership and full a released four new albums and re-recorded versions of four albums that were part of the

2:04.7

Shamrock Sale, including 1989, Taylor's version, that was released at midnight on Friday.

2:11.6

Since she released her 2019 album Lover, her first under her deal with

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