Taylor Swift Is Officially A Billionaire
Taylor Swift is officially a billionaire. The singer-songwriter made Forbes‘ 2024 list of “New Billionaires” of the year, joining NBA legend Earvin “Magic” Johnson and French fashion designer Christian Louboutin.
The publication attributes most of her wealth to her record-breaking five-continent Eras Tour. It is the first tour to surpass $1 billion in revenue. The 34-year-old pop star amassed an estimated $1.1 billion fortune based on earnings from the blockbuster tour, the value of her music catalog, and her real estate portfolio. Swift is the first musician to hit ten-figure status solely based on her songs and performances.
(Photo by Kevin Winter/Getty Images for TAS Rights Management)
Swift owns eight properties. Her west village apartment is listed for $17.9 million or available to rent for $45,000 a month. As for her Tribeca penthouse, which was two that she combined into one, her friend Sophie Turner has been living there since her divorce with Joe Jonas. She bought another penthouse next door to expand for an additional three bedrooms. She owns an estate in Rhode Island, right on the beach.
Moving to the west coast, Swift has two Beverly Hills properties. The first is another massive estate that is being renovated, while the other property she sold for $2.65 million in September 2023. Then, for her southern properties, Swift has a massive estate in Nashville, as well as a penthouse — her first real estate purchase.
Meanwhile, the pop icon’s concert film became the highest-grossing concert/documentary film of all time as of January 2024. The Eras Tour movie surpassed $261.6 million, pushing it past the previous record holder, Michael Jackson’s This Is It, the posthumous 2009 doc that grossed $261.2 million at the global box office.
Her concert film also had the biggest opening for a concert movie, beating out the previous record-holder, Justin Bieber: Never Say Never, which racked up $73 million in its opening frame in 2011. Swift’s concert doc raked in $92.8 million. with $30.7 million in international gross, for $123.5 million total earned.
Billionaire Club
Rihanna entered the billionaire club in 2021, but not due to her music. Most of her wealth was acquired from her cosmetics company, Fenty Beauty, and from her Savage x Fenty memberships. Her Fenty Beauty fortune is valued at an estimated $1.4 billion, and she owns 50% of it. Meanwhile, Savage x Fenty rakes in about $270 million, and the remainder of her earnings stem from her career as a chart-topping musician and actress.
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As we previously reported, by October 2023, Swift had already earned $80 million from music sales, $110 million in property values, earned $120 million from streaming earnings, $370 million in ticket sales and merchandise, and her re-released music since 2019 has an estimated $400 million value. The “tortured poet” reportedly generated as much money as the economies of small nations during her 21-city stop across North America in the first leg of her Eras Tour. Each city saw a significant economic boost. This includes record-breaking hotel revenues and increased visitor spending.
