Current:Home > ScamsTaylor Swift is a billionaire: How Eras tour, concert film helped make her first billion -Prime Capital Blueprint
Taylor Swift is a billionaire: How Eras tour, concert film helped make her first billion
View
Date:2025-04-16 07:56:17
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! (5167)
Related
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Billie Eilish addresses Donald Trump win: 'Someone who hates women so, so deeply'
- South Carolina, Iowa among five women's college basketball games to watch this weekend
- Kentucky coal firm held in contempt again over West Virginia mine pollution
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Christina Hall Officially Replaces Ex Josh Hall With Ex-Husband Ant Anstead on The Flip Off
- Watch these classic animal welfare stories in National Animal Shelter Appreciation Week
- A voter-approved Maine limit on PAC contributions sets the stage for a legal challenge
- All That You Wanted to Know About She’s All That
- Fed lowers key interest rate by quarter point as inflation eases but pace of cuts may slow
Ranking
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- NY YouTuber 1Stockf30 dies in fatal car crash 'at a high rate of speed': Police
- Brianna LaPaglia says ex-boyfriend Zach Bryan offered her a $12M NDA after breakup
- Watch these classic animal welfare stories in National Animal Shelter Appreciation Week
- Small twin
- Flooding closes interstate as heavy rains soak southeast Georgia
- Did Ravens get away with penalties on Bengals' two-point conversion attempt?
- Video captures mountain lion in Texas backyard; wildlife department confirms sighting
Recommendation
Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
Wife of southern Illinois judge charged in his fatal shooting, police say
Federal judge denies motion to recognize Michael Jordan’s NASCAR teams as a chartered organization
Kelly Ripa Reveals the NSFW Bathroom Décor She’s Been Gifted
2 killed, 3 injured in shooting at makeshift club in Houston
Defense asks judge to ban the death penalty for man charged in stabbing deaths of 4 Idaho students
Whoopi Goldberg Details Making “Shift” for Sister Act 3 After Maggie Smith’s Death
'Anora' movie review: Mikey Madison comes into her own with saucy Cinderella story