Current:Home > MarketsTaylor Swift is a billionaire: How Eras tour, concert film helped make her first billion -AssetPath
Taylor Swift is a billionaire: How Eras tour, concert film helped make her first billion
View
Date:2025-04-15 13:01:38
Taylor Swift has done something rare in this day and age: become a billionaire almost exclusively from music.
Between the ongoing international Eras Tour, several weeks of her blockbuster tour film and the re-release of a nine-year-old album, "1989," plus two decades of popularity, Swift, 33, has officially earned the title of billionaire, according to analysis from Bloomberg, released Thursday.
Swift's U.S. concerts added $4.3 billion to the country’s gross domestic product this year, Bloomberg estimates.
Bloomberg says its analysis is conservative and "based only on assets and earnings that could be confirmed or traced from publicly disclosed figures." Still, the analysis took into account the estimated value of Swift's music catalog and five homes, and earnings from music sales, concert tickets, streaming deals and merchandise.
USA TODAY has reached out to Swift's rep for comment.
Here's how her earnings stack up:
- An estimated $400 million off of music released since 2019, starting with "Lover"
- $370 million from ticket sales a merchandise
- $120 million from Spotify and YouTube
- $110 million value of homes
- $80 million in royalties from music sales
Other musicians that have reached billionaire status include Rihanna, who last year was declared the world's richest female musician, as well as Jay-Z and Ye, formerly known as Kanye West.
After a record-breaking opening weekend of $92.8 million, "Taylor Swift: The Eras Tour" took in an estimated $31 million from 3,855 locations, according to AMC Theaters.
Within days, it became the highest-grossing concert film ever in North America, not accounting for inflation. It’s quickly accumulated $129.8 million domestically.
The tour itself has generated $4.6 billion in projected consumer spending, according to research company QuestionPro. Los Angeles estimated $320 million increase in GDP from her six concerts there.
In 2019, Swift released "Lover," the first album she owned after the masters to her first six albums were purchased by Scooter Braun via his acquisition of Big Machine Label Group. She has re-released four "Taylor's Version" editions of those albums since then, including "1989," "Fearless," "Red" and "Speak Now."
Contributing: Melissa Ruggieri, USA TODAY; Jake Coyle, The Associated Press
Songwriter, icon, mogul?Taylor Swift's 'Eras' Tour movie latest economic boon for star
veryGood! (5)
Related
- Small twin
- Messi breaks silence on Inter Miami's playoff exit. What's next for his time in the US?
- Minnesota county to pay $3.4M to end lawsuit over detainee’s death
- Fantasy football Week 11: Trade value chart and rest of season rankings
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Maryland man wanted after 'extensive collection' of 3D-printed ghost guns found at his home
- Lions find way to win, Bears in tough spot: Best (and worst) from NFL Week 10
- NBC's hospital sitcom 'St. Denis Medical' might heal you with laughter: Review
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Biden funded new factories and infrastructure projects, but Trump might get to cut the ribbons
Ranking
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Wicked's Ethan Slater Shares How Ariana Grande and Cynthia Erivo Set the Tone on Set
- Tennis Channel suspends reporter after comments on Barbora Krejcikova's appearance
- How Leonardo DiCaprio Celebrated His 50th Birthday
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Queen Bey and Yale: The Ivy League university is set to offer a course on Beyoncé and her legacy
- Disney x Lululemon Limited-Edition Collection: Shop Before It Sells Out
- The Best Corduroy Pants Deals from J.Crew Outlet, Old Navy, Levi’s & More, Starting at $26
Recommendation
Taylor Swift makes surprise visit to Kansas City children’s hospital
Fantasy football buy low, sell high: 10 trade targets for Week 11
Elon Musk responds after Chloe Fineman alleges he made her 'burst into tears' on 'SNL'
Georgia House Republicans stick with leadership team for the next two years
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
'Squid Game' creator lost '8 or 9' teeth making Season 1, explains Season 2 twist
Voters in Oakland oust Mayor Sheng Thao just 2 years into her term
New York eyes reviving congestion pricing toll before Trump takes office