Current:Home > MyTaylor Swift is a billionaire: How Eras tour, concert film helped make her first billion -Quantum Capital Pro
Taylor Swift is a billionaire: How Eras tour, concert film helped make her first billion
View
Date:2025-04-12 00:18:58
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! (7)
Related
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- The 40 Most Popular Amazon Items E! Readers Bought Last Month
- Officials: Detroit paramedic who struck parked vehicles was under influence of alcohol
- Ford says new UAW contract will add $8.8B to labor costs
- Bodycam footage shows high
- Sandra Day O'Connor, first woman on the Supreme Court, dies at 93
- DeSantis says Florida GOP chair should resign amid rape allegation
- Venezuela’s government and opposition agree on appeal process for candidates banned from running
- Former longtime South Carolina congressman John Spratt dies at 82
- A look inside the United States' first-ever certified Blue Zone located in Minnesota
Ranking
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- Philadelphia votes to ban ski masks to decrease crime. Opponents worry it’ll unfairly target some
- First same-sex married couple in Nepal vow to continue campaign for gay rights
- Nick Cannon Twins With His and Brittany Bell's 3 Kids in Golden Christmas Photos
- Justice Department, Louisville reach deal after probe prompted by Breonna Taylor killing
- Somalia president hails lifting of arms embargo as government vows to wipe out al-Shabab militants
- When is Christmas Day? From baking to shipping, everything you need to know for the holidays.
- Federal appeals court says Trump is not immune from civil lawsuits over Jan. 6 Capitol attack
Recommendation
How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
Former Memphis officer charged in Tyre Nichols’ death had some violations in prior prison guard job
Protester critically injured after setting self on fire outside Israeli consulate in Atlanta
Gunfire erupts in Guinea-Bissau’s capital during reported clashes between security forces
EU countries double down on a halt to Syrian asylum claims but will not yet send people back
A look inside the United States' first-ever certified Blue Zone located in Minnesota
Watch this deer, who is literally on thin ice, get help from local firefighters
Jeezy alleges 'gatekeeping' of daughter amid divorce, Jeannie Mai requests 'primary' custody