Current:Home > FinanceTaylor Swift is a billionaire: How Eras tour, concert film helped make her first billion -Global Finance Compass
Taylor Swift is a billionaire: How Eras tour, concert film helped make her first billion
View
Date:2025-04-16 11:26:37
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! (5)
Related
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Look what the Chiefs made airlines do: New flight numbers offered for Super Bowl
- A Winnie the Pooh crockpot captures social media's attention. The problem? It's not real.
- Train and REO Speedwagon are going on tour together for the first time: How to get tickets
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- Tyler Christopher, late 'General Hospital' star, died of alcohol-induced asphyxia
- French police asked for extra pay during Paris Olympics. They will get bonuses of up to $2,000
- Need after-school snack ideas? We've got you covered. Here are the healthiest options.
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Conference championship winners and losers: Brock Purdy comes through, Ravens fall short
Ranking
- The Best Stocking Stuffers Under $25
- Fellini’s muse and Italian film icon Sandra Milo dies at 90
- Green Energy Justice Cooperative Selected to Develop Solar Projects for Low Income, BIPOC Communities in Illinois
- Saudi Arabia’s oil giant Aramco says it will not increase maximum daily production on state orders
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- WWE's CM Punk suffered torn triceps at Royal Rumble, will miss WrestleMania 40
- Back home in Florida after White House bid ends, DeSantis is still focused on Washington’s problems
- They found a head in her fridge. She blamed her husband. Now she's charged in the case.
Recommendation
Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
In 'Martyr!,' an endless quest for purpose in a world that can be cruel and uncaring
Russian figure skater Kamila Valieva received a 4-year ban. Her team's Olympic gold medal could go to Team USA.
Good luck charm? A Chiefs flag is buried below Super Bowl host Allegiant Stadium in Vegas
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
Ford, Tesla, Jaguar among nearly 2.2 million vehicles recalled: Check car recalls here
David and Victoria Beckham Troll Themselves in the Most Hilarious Way
Dozens are presumed dead after an overloaded boat capsizes on Lake Kivu in Congo