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Taylor Swift has added a new title to her name. The 34-year-old American singer – who is loved across the globe for her music as a Singer, songwriter and producer/director, is now officially a billionaire. On Tuesday, Swift was officially named a member of the three-comma-club as Forbes confirmed rumours about her wealth exceeding a billion dollars. Read on to know what they said and what he wealth consist of.
Taylor Swift is a billionaire
Confirming Taylor Swift’s status as a billionaire, Forbes notes that she’s the first musician to hit ten-figure status solely based on her songs and performances. Swift’s record-breaking, five-continent Eras Tour is the first tour to surpass $1 billion in revenue. As per the report, the pop star has amassed an estimated $1.1 billion fortune through her blockbuster tour/concerts, the value of her music catalogue and her real estate portfolio.
Taylor Swift net worth
Music, Concerts & Endorsements: Taylor Swift earns the majority of her net worth through album sales, touring, merchandise, and endorsements. Her concerts are sold-out arenas with the Eras Tour becoming the highest-grossing tour of all time. Its earnings are estimated to be around $1.039 billion.
Real Estate: Taylor Swift has an impressive real estate portfolio and owns around 5 properties worth around $150 million around the United States. In 2009, she purchased a condo for $2 million in downtown Nashville and a 1-BR unit downstairs the same year for around $400k. Today, these units are reportedly worth a combined $4 million. In 2011, she splurged $2.5 million on an 8,000-square-foot mansion on six acres of land in the suburbs of Nashville that is worth at least $6 million today.
Swift’s house in Rhode Island – High Watch, is an 11,000-square-foot mansion that she bought in 2013 for $17.75 million. Today, the eight-bedroom, ten-and-a-half-bath house is worth around $30 million. Taylor owns apartments in New York City worth around $50 million. Her first real estate purchase in NYC was in 2014 when she bought a penthouse in Tribeca – it’s reportedly worth more than $20 million today. In 2017, she bought the 100-year-old four-story penthouse next to the duplex for $12.5 million. In February 2018, she spent $10 million on another condo in her original building.
Eras Tour movie: In October 2023, Taylor Swift released the Eras Tour movie by striking a deal with AMC. This deal made AMC the exclusive distributor of the film, with Taylor earning 50% of first-dollar-gross from the ticket sales. The concert film collected around $260 million, earning Taylor a whopping $130 million. In February 2024, Taylor sold the exclusive streaming rights of the Eras Tour movie to Disney for $75 million. This alone earned her a surpass of $205 million.
Billionaires of 2024
Per Forbes’ report, there are 2,781 billionaires around the globe this year worth a record $14.2 trillion altogether. Out of these, 265 people entered the list over the past year. The US has the most billionaires – 813, with a combined net worth of $5.7 trillion. China comes in second, with 473 billionaires (including those in Hong Kong) worth $1.7 trillion. India makes it to the third spot with 200 billionaires.
Congratulations, Taylor Swift.
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