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Taylor Swift is declared a BILLIONAIRE by Forbes as she joins the list for the first time following Eras Tour success
Taylor Swift has officially reached billionaire status - 17 years into her illustrious career as music's biggest superstar.
On Tuesday, Forbes released their 2024 billionaire list and Taylor climbed to fourteenth place with a $1.1billion fortune.
The pop star, 34, who is the most famous newcomer on the list, amassed an estimated $1.1 billion fortune, based on earnings from her blockbuster Eras tour, the value of her music catalog and her real estate portfolio.
This is on top of huge earnings from her first six albums, which she re-recorded as she negotiating with streaming platforms how her music is monetized.
The accomplishment is particularly monumental as she is among a small few who've achieved the milestone 'through music and performing alone.'
Taylor Swift has officially reached billionaire status - 17 years into her illustrious career as music's biggest superstar
The pop star, 34, who is the most famous newcomer on the list, amassed an estimated $1.1 billion fortune, based on earnings from her blockbuster Eras tour, the value of her music catalog and her real estate portfolio
Taylor's Eras Tour is the first tour to cross the $1 billion mark, according to Pollstar’s 2023 year-end charts.
Not only was Swift’s landmark Eras Tour the number one tour both worldwide and in North America, but she also brought in a whopping $1.04 billion (£831.6 million) with 4.35 million tickets sold across 60 tour dates, the concert trade publication found.
Pollstar data is pulled from box office reports, venue capacity estimates, historical Pollstar venue ticket sales data and other undefined research, collected from November 17, 2022 to November 15, 2023.
Representatives for the publication did not immediately clarify if they adjusted past tour data to match 2023 inflation in naming Swift the first to break the billion-dollar threshold.
Her tour kicked off in March in Arizona.
Pollstar also found that Swift brought in approximately $200 million (£159.8 million) in merch sales.
Not only was Swift’s landmark Eras Tour the number one tour both worldwide and in North America, but she also brought in a whopping $1.04 billion (£831.6 million) with 4.35 million tickets sold across 60 tour dates, the concert trade publication found
And her blockbuster film adaptation of the tour, Taylor Swift: The Eras Tour, has reportedly earned approximately $250 million (£199 million) in sales.
That makes it the highest-grossing concert film of all time.
According to their estimates, Pollstar predicts a big 2024 for Swift as well.
The magazine projects the Eras Tour will once again reach $1 billion (£799 million) within their eligibility window.
That means Swift is likely to bring in more than $2 billion (£1.5 billion) over the span of the tour.
Worldwide, Swift’s tour was followed by Beyonce in second, Bruce Springsteen & The E Street Band in third, Coldplay in fourth, Harry Styles in fifth, followed by Morgan Wallen, Ed Sheeran, Pink, The Weeknd and Drake.
In North America, there was a similar top 10: Swift, followed by Beyonce, Morgan Wallen, Drake, P!nk, Bruce Springsteen & The E Street Band, Ed Sheeran, George Strait, Karol G and RBD.
Beyond Swift, 2023 was a landmark year for concert sales: worldwide, the top 100 tours of the year saw a 46% jump from last year, bringing in $9.17 billion (£7.31 billion) compared with 2022’s $6.28 billion (£5.06 billion).
Earlier this week, Swift was named Time Magazine’s Person of the Year.
Last month, Apple Music named her its artist of the year; Spotify revealed she was 2023’s most-streamed artist globally, raking in more than 26.1 billion streams since January 1 and beating Bad Bunny’s three-year record.
Consider 2023 a year of incredible pop music dominance — (Taylor’s Version).