American singer Taylor Swift is a billionaire, according to the latest ranking of global celebrity fortunes released by the magazine on Tuesday. Forbes.
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With a net worth now estimated at $1.1 billion, the Pennsylvania native became the first artist, male or female, to cross the ten-figure mark with earnings from her music.
In less than a year, Taylor Swift has increased her fortune to $360 million, thanks to the economic benefits of her 152-date monster tour, “The Eras Tour.”
According to many estimates, “Eras” is set to become the highest-grossing concert series in music history, exceeding one billion dollars.
The tour, which ends on December 8 in Vancouver (Canada), has already earned him $190 million, according to Forbes.
The magazine estimates that Taylor Swift has earned more than $500 million in royalties and concerts since the start of her career.
Performer, but also the author or co-author of nearly all of his titles, the 34-year-old artist is also a producer or co-producer, adding to his sources of income.
He also re-recorded his first six albums, for which he did not own the original recording rights, master tapes or “masters”, which his former record label, Big Machine, refused to resell to him.
According to Forbes, his music catalog is now worth around $500 million.
The magazine adds a total value of $125 million to this heritage real estate, as well as a private jet valued at $10 million.
The sudden increase in his personal wealth is due to the movie “The Era's Tour”, a compilation of two of his concerts, which recorded $261 million in worldwide box office revenue.
Taylor Swift isn't the only music artist to enter the very closed circle of celebrity billionaires.
He's already been surpassed by rapper Jay-Z, singer Rihanna and singer Jimmy Buffett, but all owe part of their fortune to investing in activities not directly related to music.
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