Taylor Swift Is Officially a BILLIONAIRE
Category
🗞
NewsTranscript
00:00 Taylor Swift is officially a billionaire.
00:03 "Really? How'd I do that?"
00:05 On Thursday, Bloomberg, a financial news organization, shared an article declaring
00:10 the "Shake It Off" singer has joined the likes of fellow billionaire artists like Rihanna and Jay-Z.
00:15 "It's just unbelievable."
00:18 The outlet gave an in-depth look at Tay's finances and road to billionaire status,
00:23 even crediting her as one of the few recording artists to build a 10-figure fortune
00:28 almost entirely from her music.
00:30 Rih's riches came in large part through her fenty beauty and savage clothing lines.
00:40 "Fashion comes naturally because of the industry that I'm in. It's a part of my visuals,
00:46 it's a part of my videos, so it's always been something that I've been interested in."
00:50 While Jay-Z made it big through a series of investments,
00:53 businesses and endeavors, not all connected to his music.
00:58 "There's a love of film and music, so it doesn't feel like work."
01:04 According to Bloomberg, Taylor's exact net worth is, drumroll please, $1.1 billion.
01:10 "I think for me, I save it, I invest it, I try to be smart about it. My dad's a stockbroker,
01:19 so he's always been like, 'Save your money. Don't be stupid about it.'"
01:23 That $1.1 billion figure comes from an analysis of her music catalog,
01:28 merch sales, tour revenue and more.
01:31 This all comes after it was reported that North American ticket sales for the ERA's tour broke
01:36 $2.2 billion. And Bloomberg Economics estimates that in total, the 53 U.S. concerts from the
01:44 tour have added $4.3 billion to the country's gross domestic product.
01:49 "That alone was just a life-changing, dream-come-true moment for me."
01:53 As for a breakdown of where the Grammy winner's money comes from, the outlet found that more than
01:59 three-quarters of her net worth is based on the value of the music she's released since 2019,
02:04 $400 million, and ticket sales and merch, $370 million.
02:10 The remaining $330 million stems from her YouTube and Spotify earnings, $120 million,
02:18 the value of her personal properties, $110 million, and her music royalties, $80 million.
02:24 "There's so many moving parts to this."
02:27 Yeah, it seems everything Taylor touches turns to gold,
02:30 including her decision to release a film of her ERA's tour concert.
02:34 "We're about to go on a little adventure together,
02:37 and that adventure is gonna span 17 years of music. How does that sound?"
02:43 In its opening weekend, the film made $92.8 million
02:47 and was the top earner at the box office for two weeks straight.
02:51 Taylor Swift's The ERA's Tour, a nearly three-hour theater-going experience,
02:56 has also broken a slew of other records,
02:59 including the first-ever concert film to pass $100 million at the box office.
03:04 "Welcome to The ERA's Tour."
03:12 "This has been the most extraordinary experience of my entire life."
03:16 Now, Taylor is set to head out on tour in South America
03:20 before heading to Asia, Australia and Europe in 2024.
03:25 And on Thursday night, Taylor released 1989 Taylor's Version,
03:30 which is expected to be one of the biggest albums of the year.
03:38 So cheers to Taylor and her billionaire boss status.
03:42 Tay's success never goes.