Current:Home > MyTaylor Swift is a billionaire: How Eras tour, concert film helped make her first billion -GrowthInsight
Taylor Swift is a billionaire: How Eras tour, concert film helped make her first billion
View
Date:2025-04-15 19:28:03
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! (14)
Related
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Golden Bachelor’s Sandra Mason Reacts to Criticism Over Missing Daughter’s Wedding for the Show
- Honolulu, US Army use helicopters to fight remote Oahu wildfire
- Actor Robert De Niro tells a jury in a lawsuit by his ex-assistant: ‘This is all nonsense’
- Meta releases AI model to enhance Metaverse experience
- Judge temporarily blocks federal officials from removing razor wire set up by Texas to deter border crossings
- U.N. aid warehouses looted in Gaza as Netanyahu declares second phase in war
- Texas AG Ken Paxton’s securities fraud trial set for April, more than 8 years after indictment
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Jeff Wilson, Washington state senator arrested in Hong Kong for having gun in carry-on, gets charge dismissed
Ranking
- What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
- Alaska faces new backlog in processing food stamp benefits after clearing older applications
- Vonage customers to get nearly $100 million in refunds over junk fees
- US wages rose at a solid pace this summer, posing challenge for Fed’s inflation fight
- USA men's volleyball mourns chance at gold after losing 5-set thriller, will go for bronze
- Salma Hayek Describes “Special Bond” With Fools Rush In Costar Matthew Perry
- Freedom Under Fire: 5 takeaways from AP’s series on rising tension between guns and American liberty
- This Is Us Star Milo Ventimiglia Marries Model Jarah Mariano
Recommendation
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
India-led alliance set to fund solar projects in Africa in a boost to the energy transition
Visitors will be allowed in Florence chapel’s secret room to ponder if drawings are Michelangelo’s
Family asks DOJ to investigate March death of Dexter Wade in Mississippi
Police remove gator from pool in North Carolina town: Watch video of 'arrest'
Big 12 out of playoff? Panic at Washington? Overreactions from Week 9 in college football
Victorious Springboks arrive back to a heroes’ welcome in South Africa
A UN envoy says the Israel-Hamas war is spilling into Syria, which already has growing instability