According to the news agency, Taylor Swift is allowed Bloomberg officially called a billionaire. The singer’s net worth is estimated at $1.1 billion thanks to the success of her Eras Tour.
Swift is according to Bloomberg one of the few artists who built this net worth based on her music alone.
To calculate Swift’s net worth, the news agency looked at the value of her music catalog, her five houses and the income from music sales, streaming, concert tickets and merchandise. Income tax, tour costs and the wages of its staff are also included in the calculation.
The music they released after 2019 is worth a combined $400 million. Bloomberg only includes music after 2019, because the singer has fully owned her music since then. Concert tickets and merchandise from her Eras Tour earned the singer approximately $370 million.
Ninety more shows are planned outside the United States. Swift will be in the Johan Cruijff ArenA in Amsterdam for three evenings in the summer of 2024 with her tour. These concerts were sold out immediately.
The singer signed a contract with Republic Records (part of Universal) in 2019. She has since released albums through that label Lover (2019), Folklore (2020) in Evermore (2020) out.
Swift recorded her first six albums again because her former manager controls the rights to her music. By releasing the albums as so-called Taylor’s Versions the singer herself is the full owner of her songs and in addition to the proceeds from the rights as writer and performer, she also receives those for the recordings.
If you own the rights to recordings, you are the one who can determine whether they end up in films or commercials, for example. 1989 is the fourth album she has re-recorded.
New versions of her older work are also published via Republic.
The post first appeared on www.nu.nl