Current:Home > MarketsTradeEdge-Taylor Swift is a billionaire: How Eras tour, concert film helped make her first billion -Ascend Finance Compass
TradeEdge-Taylor Swift is a billionaire: How Eras tour, concert film helped make her first billion
Charles H. Sloan View
Date:2025-04-11 00:47:58
Taylor Swift has done something rare in this day and TradeEdgeage: 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! (693)
Related
- Questlove charts 50 years of SNL musical hits (and misses)
- Princess Kate cancer update: Read her full statement to the public
- Alex Jones ordered to liquidate assets to pay for Sandy Hook conspiracy suit
- Derek Jeter’s New York castle might finally have a buyer
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Stores are more subdued in observing Pride Month. Some LGBTQ+ people see a silver lining in that
- Will the Lightning Bug Show Go On?
- Taylor Swift's Eras Tour Cover of This Calvin Harris Song Is What You Came For
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Who are hot rodent men of the summer? Meet the internet's favorite type of celebrity
Ranking
- Woman dies after Singapore family of 3 gets into accident in Taiwan
- Jodie Turner-Smith Breaks Silence on Ex Joshua Jackson's Romance With Lupita Nyong'o
- Jodie Turner-Smith Breaks Silence on Ex Joshua Jackson's Romance With Lupita Nyong'o
- Can the Greater Sage-Grouse Be Kept Off the Endangered Species List?
- What to watch: O Jolie night
- Revolve Sale Finds Under $60: Up to 82% Off Must-Have Styles From Nike, AllSaints & More
- Couple rescued from desert near California’s Joshua Tree National Park after running out of water
- NBA great Jerry West wasn't just the logo. He was an ally for Black players
Recommendation
Cincinnati Bengals quarterback Joe Burrow owns a $3 million Batmobile Tumbler
'Greatest fans in the world': Phillies supporters turn Baltimore into playoff atmosphere
Oilers on brink of being swept in Stanley Cup Final: Mistakes, Panthers' excellence to blame
Who are hot rodent men of the summer? Meet the internet's favorite type of celebrity
'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
Man killed, child hurt in shooting at Maryland high school during little league football game
Louisiana US Rep. Garret Graves won’t seek reelection, citing a new congressional map
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Letter Openers