In a groundbreaking announcement on Tuesday, Forbes revealed that Taylor Swift has entered the ranks of billionaires. The renowned music icon, aged 34, has secured a place on Forbes’ annual billionaires list with an estimated wealth of $1.1 billion (£875 million).
This historic milestone marks Taylor Swift as the first musician to attain billionaire status solely through her music career and live performances.
Forbes highlighted this achievement in an article published on Tuesday, noting Taylor Swift’s remarkable journey to becoming a billionaire entirely through her music and tour earnings.
A significant contribution to Taylor’s financial success came from her record-breaking Eras tour, spanning five continents and commencing in Arizona in March 2023, with a scheduled conclusion on December 8. This tour has notably surpassed the $1 billion (£795 million) mark in gross earnings, according to Pollstar’s annual charts.
Forbes’ estimates indicate that the All Too Well singer has amassed $500 million (£398 million) from royalties and touring, alongside an additional $500 million from her extensive music catalogue. Taylor Swift’s investments in real estate have also contributed significantly, with an estimated $125 million (£99 million) earned from this sector.
In a strategic move last October, Taylor Swift released a concert film titled “Taylor Swift: The Eras Tour,” which reportedly generated around $250 million, setting a new record as the highest-grossing concert film in history.
Taylor Swift now joins the prestigious league of inaugural billionaires alongside notable figures such as designer Christian Louboutin and NBA legend Earvin ‘Magic’ Johnson, solidifying her position as a powerhouse in both the music industry and the business world.
