Current:Home > reviewsTaylor Swift is a billionaire: How Eras tour, concert film helped make her first billion -WealthX
Taylor Swift is a billionaire: How Eras tour, concert film helped make her first billion
TradeEdge View
Date:2025-04-07 07:54:48
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! (79547)
Related
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Doing the Dry January challenge? This sober life coach has tips for how to succeed.
- How to get the most out of your library
- Americans on Medicare now get better access to mental health care. Here's how
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Who is Liberty? What to know about the Flames ahead of Fiesta Bowl matchup vs. Oregon
- Plane catches fire on runway at Japan’s Haneda airport
- Ashes of Canadian ‘Star Trek’ fan to be sent into space along with those of TV series’ stars
- A White House order claims to end 'censorship.' What does that mean?
- Pakistan arrests 21 members of outlawed Pakistani Taliban militant group linked to deadly attacks
Ranking
- Tarte Shape Tape Concealer Sells Once Every 4 Seconds: Get 50% Off Before It's Gone
- How Dominican women fight child marriage and teen pregnancy while facing total abortion bans
- 16-year-old boy fatally stabbed on a hill overlooking London during New Year’s Eve
- North Korea to launch 3 more spy satellites, Kim Jong Un says
- What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
- Biden administration approves emergency weapons sale to Israel, bypassing Congress
- Doing the Dry January challenge? This sober life coach has tips for how to succeed.
- Mysterious blast shakes Beirut’s southern suburbs as tensions rise along the border with Israel
Recommendation
A White House order claims to end 'censorship.' What does that mean?
What's open New Year's Day 2024? Details on Walmart, Starbucks, restaurants, stores
Ethiopia and a breakaway Somali region sign a deal giving Ethiopia access to the sea, leaders say
NFL Week 17 winners, losers: Eagles could be in full-blown crisis mode
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Easter, MLK Day, Thanksgiving and other key dates to know for 2024 calendar
Bachelor Nation's Kaitlyn Bristowe Denies Cheating on Jason Tartick After Being Spotted With Zac Clark
Ross Gay on inciting joy while dining with sorrow