Taylor Swift's wildly successful Eras Tour has allowed her to enter the exclusive billionaire club. The 33-year-old pop star's net worth is estimated by Bloomberg to be over $1.1 billion, mostly from her music. She is now among the select few recording artists whose music has brought them a 10-figure income.
According to the source, the Eras tour is a huge success, with the US leg ending in August and the international leg starting the following month.
According to Bloomberg's calculations, the gross domestic product of the US increased by an astounding $4.3 billion as a result of the 53 concerts held there alone. The analysis is a conservative estimate since it is based on verified or publicly available data.
The Lover singer's income is estimated to be worth $110 million from her five homes, $400 million from her music catalogue (released in 2019), $120 million from streaming deals with YouTube and Spotify, $80 million from music sales, and $370 million from concert tickets and merchandise are all factored into the calculation.
In addition, elements including income tax, tour production and travel expenses, and manager and agency commissions were taken into account.
Swift's fortune is expected to increase through 2024 and beyond, especially if she keeps putting out new music and booking lucrative concerts. According to Bloomberg's report, Swift makes money from a variety of sources, including song sales, streaming agreements, concert tickets, and merchandise. Her music collection and five houses are major contributors to her net worth.
Swift has won over admirers all across the world by maintaining an air of genuineness and relatability despite her enormous popularity.
According to the analysis, Swift has a sizable future earning potential, especially when you take into account the value of her vast songwriting catalogue. Although a more optimistic estimate places the value of her music at $1 billion, a more realistic estimate has it at about $400 million. Swift now stands above many of her colleagues in the music business, considering that Bruce Springsteen's collection is estimated to be worth $550 million.
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