Pop sensation Taylor Swift has had one success after another this year, but a new achievement reveals that she is moving up a different sort of chart. As to Bloomberg News, she now has an estimated net worth of $1.1 billion.
The millions of Swift fans who paid a hefty price for tickets to her current Eras Tour—which is scheduled to visit Argentina and Brazil in November—are surely not surprised by this revelation. According to Bloomberg, Swift’s fortune increased by $370 million from ticket and merchandise sales from the tour, which also injected an incredible $4.3 billion into the American economy this year. Jerome Powell, the head of the Federal Reserve, was especially impressed by the achievement and included it in his optimistic list of indicators of an improved economy.
Swift is one of the few musicians that earns the majority of her income from music alone, therefore her financial achievements are very exceptional. In addition to those enormous concert profits, Bloomberg breaks down her earnings into $400 million from her combined past and current song repertoire, $120 million from streaming, and $80 million in royalties from music sales. (Bloomberg also included in the $110 million total worth of her five residences.)
Swift is surrounded by other big stars like Beyoncé, Madonna, and Rihanna in the Forbes celebrity women earnings rankings. With a net worth of almost $1.4 billion, the latter singer is now rated second on the list (Oprah Winfrey is ranked first). However, the bulk of Rihanna’s revenue comes from her many collaborations with luxury companies and her Fenty Beauty product line.
With all this money, Swift hasn’t been frugal either. Among her many celebrity accolades is her extravagant bonus payments to her crew and employees. She has also made several charitable donations to local food banks while on the Eras Tour.
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