Forbes reports that Taylor Swift, 34, achieved a net worth of $1.6 billion. Formerly holding the title, Rihanna’s estimated net worth peaked at $1.7 billion; however, since then, it has dropped to $1.4 billion.
Thanks in major part to The Eras Tour and her newly recorded albums, the pop artist crossed the $1 billion mark in October. According to a Bloomberg report at the time, Swift is among the few performers to accomplish this financial achievement only through music releases and live appearances.
In March 2023, Taylor Swift began The Eras Tour in Arizona. During that summer, she toured the United States, concluding the first part of the tour in Los Angeles in August 2023. She left for an overseas tour in February and will return to the US in December, when her performances will come to an end. Depending on ticket pricing, the tour itself is expected to earn $1.5 billion, according to Forbes.
Swift made the decision to exclusively distribute her concert film in theaters. On October 13, 2023, “Taylor Swift: The Eras Tour” made its debut and earned $92.8 million in its first weekend of sales.
“The Tortured Poets Department,” Swift’s eleventh studio album, was released in April after she became a billionaire.
In the new era of streaming, the global pop sensation has maintained her revenue stream while other musicians have struggled.
Taylor is in a unique situation when it comes to making money off of her skill. She’s actually riding the tech wave, rather than going out with the digital tide, in an era where musicians have lost millions as record sales give way to digital downloads “Branding expert Doug Eldridge previously told FOX Business.
Swift has changed the music industry for women in general, says Dr. Sonja Stribling, a retired U.S. Army Major and author of the upcoming book “From the Battlefield to the Boardroom.”
Dr. Stribling told FOX Business, “It is not just the money she is making, which is very important, but she is creating a pathway for other people to follow.” She and Beyoncé are setting an example for others to follow, so I have no doubt that they have discussed this. They are leading the way as the first of many, particularly for women. So, it’s not just billionaire status, but Taylor is about to go down in history of establishing lofty expectations for others to desire to reach.”
“I know that only 1% of this population in the industry that she operates in, and maybe even less than that, will achieve what she has achieved, and she makes it look so simple,” she added.
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