2023-10-30 22:02:49
International singer Taylor Swift has officially joined the “Celebrity Billionaires Club,” who have financial accounts exceeding 10 figures in their bank balances.
Pop star Taylor Swift kicked off her Eras Tour, the culmination of her two-decade career, celebrating the 10 iconic albums she produced.
The tour was an exceptional success, with ticket sales recording $780 million, and is on the cusp of becoming one of the most profitable concert tours in history.
This tour represents a pivotal stage in the life of the 33-year-old star, as she became the first musician to achieve the title of “billionaire” solely due to her musical works and concerts.
Swift’s wealth rose by regarding $360 million from June levels to now be more than $1.1 billion, according to Forbes estimates, which raised her to 34th place on the list of the richest self-made women in America.
The significant increase in Taylor Swift’s wealth came from the revenues of this unforgettable summer in the star’s life, as she earned an estimated $190 million, following deducting taxes, from the first stop of her IRAS tour, in addition to another $35 million that she earned in the first weeks of the screening of her film « Taylor Swift: The Eras Tour,” this money constituted a large portion of her wealth. More than half a billion dollars of Taylor Swift’s wealth is what she earns from concert tours and concerts, and the other $500 million depends on the increasing value of her private music library. She also owns $125 million worth of real estate, including 6 homes and a private plane worth $10 million.
phenomenon
The rise in Taylor Swift’s wealth comes at a time when the phenomenon of billionaire celebrities is increasing, as she is ranked 15th among famous figures in the Forbes classification who have achieved the title of billionaire, and ninth among those who have achieved this achievement in the last three years only, and she is also considered the One of 4 musicians to officially achieve this title.
Numbers don’t lie
Since releasing her first album with Universal Music Group, Lover, in 2019, sales in the United States have totaled 37.3 million copies, according to data provided to Forbes by Luminet. Sound Royalties founder and CEO Alex Haisch noted that given its continued dominance of the music industry and its transformation into a global brand, it is clear that the value of its albums has risen significantly.
As Haisch pointed out, her first six albums were estimated at $140 million by Brown’s team just five years ago.
Exceptional success
Taylor Swift wrote the lyrics to 50 of her major Billboard-listed songs. This means that she was the main author of more than a quarter of her songs, which is exceptional and rare in the world of music.
This major role that she played in writing the lyrics of her songs increased her share of revenues significantly, which shows the importance of her role as a creator and composer. In addition, she constantly cooperates with famous musicians such as Jack Antonoff and Max Martin. These producers work with Taylor Swift and participate in the production of music, and in the event of the success of the songs and sales, they receive a portion of the revenues.
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