Taylor Swift Is Officially a Billionaire

(Photo Credit: Reuters)

Taylor Swift has yet another milestone to add to her endless list of accomplishments — she’s now officially a billionaire.

The superstar was included on Forbes World’s Billionaires List published this week, and Swift amassed an estimated $1.1 billion fortune this year, according to the publication. The revenue is based on earnings from her record-breaking Eras tour and the value of her music catalog, as well as her real estate portfolio. Per Forbes, Swift is the first musician to hit ten figures in fortune solely based on songs and performances.

Earvin “Magic” Johnson and Christian Louboutin are also among the famous newcomers on the Billionaires list, which is led by Bernard Arnault, who earned $233 billion fortune as the overseer the LVMH empire of 75 fashion and cosmetics brands, including Louis Vuitton and Sephora. Elon Musk, Jeff Bezos, Mark Zuckerberg, Larry Ellison, Warren Buffett, Bill Gates, Steve Ballmer, Mukesh Ambani and Larry Page round out the top 10.

Last year, Billboard estimated that the Swift grossed approximately $1.82 billion in music sales and royalties, concert tickets, merchandise sales at concerts and movie ticket sales in 2023 through Dec. 7.  Billboard  calculated music royalties based on data from Luminate, concert ticket sales using publicly available information and her concert merchandise revenue was estimated based on Billboard’s reporting.

Swift’s The Eras Tour generated approximately $900 million in ticket sales in 2023. That figure is based on Billboard’s estimate that Swift sold 3.3 million tickets to 53 concerts in the U.S. at about $250 per ticket. An additional 13 shows in Latin America likely earned another $60 million to $75 million from 750,000 ticket. At those concerts, Swift sold an estimated concert merchandise sales of $132 million of merchandise. Her per-show average merchandise sales at roughly $2 million, based on Billboard’s reporting.

 

(Billboard)