Current:Home > MarketsTaylor Swift is a billionaire: How Eras tour, concert film helped make her first billion -StockFocus
Taylor Swift is a billionaire: How Eras tour, concert film helped make her first billion
View
Date:2025-04-22 03:59:32
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! (4)
Related
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Boeing accepts a plea deal to avoid a criminal trial over 737 Max crashes, Justice Department says
- A US appeals court will review its prior order that returned banned books to shelves in Texas
- Madison Keys withdraws in vs. Jasmine Paolini, ends Wimbledon run due to injury
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- Giannis Antetokounmpo and Greece head to Olympics. Brazil, Spain to join them in Paris Games field
- Biden assails Project 2025, a plan to transform government, and Trump’s claim to be unaware of it
- Hawaii governor says Biden could decide within days whether to remain in the presidential race
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Hamilton finally stops counting the days since his last F1 win after brilliant British GP victory
Ranking
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Norwegian cyclist Andre Drege, 25, dies after crashing in race
- A US appeals court will review its prior order that returned banned books to shelves in Texas
- Which states could have abortion on the ballot in 2024? Arkansas organizers aim to join the list
- Meta donates $1 million to Trump’s inauguration fund
- Shiloh Jolie-Pitt, Suri Cruise and More Celebrity Kids Changing Their Last Names
- Eddie Murphy on reviving Axel Foley, fatherhood and what a return to the stage might look like
- Morgan Wallen should be forgiven for racial slur controversy, Darius Rucker says
Recommendation
Could your smelly farts help science?
Scorched by history: Discriminatory past shapes heat waves in minority and low-income neighborhoods
Scorching hot Death Valley temperatures could flirt with history this weekend: See latest forecast
The Bachelor's Sarah Herron Gives Birth to Twins One Year After Son's Death
Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
NHRA legend John Force walking with assistance after Traumatic Brain Injury from crash
2024 WNBA Rookie of the Year award rankings by odds
Powerball winning numbers for July 6 drawing: Jackpot now worth $29 million