Eras Tour Puts Taylor Swift’s Net Worth Above $1 Billion
Written by Reananda Hidayat PermonoCompleted Master of Science - MS, Petroleum Geology from Curtin University, Perth, Australia.
It’s been a spectacular year for pop icon Taylor Swift, and according to Bloomberg News, her net worth sits at an estimated $1.1 billion.
Perhaps, it’s not surprising news to the millions of Swifties who paid big bucks for a ticket to her Eras Tour, which is headed to Brazil and Argentina in November.
Ticket sales and merch from the tour contributed $370 million to her wealth.
According to Bloomberg, it also pumped $4.3 billion into the United States economy this year.
Federal Reserve chair Jerome Powell even listed it among his signs of an improving economy.
Interestingly, Taylor Swift’s financial achievements are rare considering she makes most of her money from music alone.
Bloomberg creates a breakdown of her earnings, including $400 million from Swift’s combined music catalog past and present.
Besides, she gets $80 million in royalties from music sales on top of her concert revenues and $120 million in streaming revenues.
Her financial statement also comes from the value of her five houses, combined for $110 million.
On the Forbes celebrity women rankings, Taylor Swift is accompanied by Beyonce, Madonna, and Rihanna.
The latter has a net worth of $1.4 billion, but the majority of Rihanna’s money is through her Fenty Beauty products and partnerships with luxury brands.
Swift is famous for giving bonuses to her crew and has donated to local food banks along the Eras Tour.