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Report Says Taylor Swift Is Estimated To Be A Billionaire

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According to a recent Bloomberg report, Taylor Swift’s Eras tour has propelled her to billionaire status, making her one of the few recording artists to earn a 10-figure fortune nearly exclusively through her music.

The singer, who broke box office records with her Eras tour concert film ($92.8m in its opening weekend) and is expected to top the charts again this weekend with the re-release of her 2014 album 1989, is reportedly worth a total of roughly $1.1 billion, according to the “most definitive account yet” of the 33-year-old pop star’s wealth.

Her smash tour helped her reach billionaire status; it ended its US run in August and will begin a lengthy foreign leg next month. The estimate by Bloomberg News states that the gross domestic product of the US increased by $4.3 billion as a result of the 53 concerts on the tour.

Based only on “assets and earnings that could be confirmed or traced from publicly disclosed figures,” Bloomberg referred to its analysis as “conservative.”

The estimated worth of her five homes ($110 million) and music catalog ($400 million for songs released since 2019), some of which she has reclaimed through a convoluted and widely reported process of re-recording, were factored in. Additionally, earnings from music sales ($80 million), concert tickets and merchandise ($370 million), and streaming deals ($120 million from YouTube and Spotify) were also considered. Swift, her agents did not reply to a response sent by Bloomberg.

Before the 89-date foreign leg, Bloomberg projects that the Eras tour, a mega-concert featuring over 44 songs and lasting nearly three and a half hours, has already brought in over $700 million in ticket sales. The average ticket price was $254 following a purchasing ordeal that led to a congressional investigation of Ticketmaster, but many customers ended up spending much more on the secondary market.

So far, her pre-tax profit from the Eras tour is over $225 million, which is almost twice as much as her most recent tour, the Reputation tour in 2018.

“Swift has evolved from a teen pop-country phenom to a world-famous celebrity, while maintaining an earnest, girl-with-a-guitar image that belies the machine behind her,” Bloomberg wrote, noting that her small team includes father, Scott Swift, a longtime Merrill employee.

The Swift Group, Scott Swift’s registered investment company, is still headquartered in Wyomissing, Pennsylvania, the singer’s hometown. He is connected to ten companies connected to his daughter, including merchandising firms, rights-management firms, and corporations that own her tour bus, two private aircraft, and real estate, according to a declaration filed with the Securities and Exchange Commission.

Based on the worth of her extensive songwriting repertoire, the outlet projected that Swift would have lots of earning possibilities in the future. Bloomberg reports that a more optimistic multiple of future royalties places her music’s worth around $1 billion, which is significantly more than that of the majority of her contemporaries, despite the conservative estimate of $400 million for its worth. Bruce Springsteen’s 2021 library sold for approximately $550 million.

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