Current:Home > NewsTaylor Swift is a billionaire: How Eras tour, concert film helped make her first billion -Elevate Money Guide
Taylor Swift is a billionaire: How Eras tour, concert film helped make her first billion
NovaQuant Quantitative Think Tank Center View
Date:2025-04-08 13:40:44
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! (3818)
Related
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- Hard Knocks with Bears: Caleb Williams in spotlight, Jonathan Owens supports Simone Biles
- Ryan Reynolds Hilariously Confronts Blake Lively's Costar Brandon Sklenar Over Suggestive Photo
- Ex-Illinois deputy shot Sonya Massey out of fear for his life, sheriff's report says
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- See damage left by Debby: Photos show flooded streets, downed trees after hurricane washes ashore
- House of the Dragon Season 3's Latest Update Will Give Hope to Critics of the Controversial Finale
- Stocks bounced back Tuesday, a day after a global plunge
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- New York City’s freewheeling era of outdoor dining has come to end
Ranking
- The Daily Money: Spending more on holiday travel?
- Algerian boxer will get final word in ridiculous saga by taking home gold or silver medal
- Disney returns to profit in third quarter as streaming business starts making money for first time
- Dozens of earthquakes in SoCal: Aftershocks hit following magnitude 5.2 quake
- 'Survivor' 47 finale, part one recap: 2 players were sent home. Who's left in the game?
- Jenna Ortega speaks out on age-gap controversy with Martin Freeman in 'Miller's Girl'
- Lionel Richie Shares Insight Into Daughter Sofia Richie's Motherhood Journey
- GOP Rep. Andy Ogles of Tennessee says FBI took his cellphone in campaign finance probe
Recommendation
Tree trimmer dead after getting caught in wood chipper at Florida town hall
Disney returns to profit in third quarter as streaming business starts making money for first time
Path to Freedom: Florida restaurant owner recalls daring escape by boat from Vietnam
Billy Ray Cyrus and Firerose finalize divorce after abuse claims, leaked audio
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
Save an Extra 20% on West Elm Sale Items, 60% on Lounge Underwear, 70% on Coach Outlet & More Deals
Extreme heat is impacting most Americans’ electricity bills, AP-NORC poll finds
Spain vs. Brazil highlights: Brazil holds off comeback, will play for Olympic gold