Taylor Swift achieves billionaire status on music and performances alone
October 27, 2023 02:43 PM
Musician Taylor Swift‘s net worth has reached above $1 billion after her tour and film release.
A Bloomberg News analysis found her net worth is around $1.1 billion two weeks after her concert debuted in movie theaters. Since 2019, Swift has made some $400 million in her song releases, $370 million in concert ticket sales and subsequent merchandise, and another $80 million in royalties from her musical catalog.
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“She’s one of the few entertainers to reach that status based on music and performing alone, the result of work and talent, but also canny marketing and timing,” the outlet wrote of Swift.
Ticket sales for Swift’s Eras tour in North America reached roughly $2.2 billion, per an August report from research firm QuestionPro obtained by CNN. When her tour dates were announced, so many fans swarmed to Ticketmaster that the site crashed in a historic fashion. The site sold 2.4 million tickets to the tour, which was the most sold by any single artist in a day.
Then, her film debut Eras Tour earned $126 million on its opening weekend. The ticket sales represent global sales, as some $98 million was made in the United States alone, per the Wall Street Journal. Swift released the film on the 13th, which she considers her lucky number. Her birthday is Dec. 13, and her first album went gold after 13 weeks.
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The Eras Tour beat Disney’s latest live-action release, Indiana Jones and the Dial of Destiny, in its opening weekend. Indiana Jones made roughly $172 million in domestic total during the first two months of its release.
On Friday, Swift released her re-recording of her album 1989. This is part of her effort to regain ownership of her songs after she discovered her former manager Scooter Braun owns the rights to the original recordings. The new 1989 included some five songs “from the vault” that had not been released previously. Her first album, Taylor Swift, had its 17th anniversary this week.