The American artist becomes a billionaire just with her music, a first

To start in English, you will now have to replace the famous phrase “My tailor is rich” with “Taylor Swift is rich”. The American singer is indeed a billionaire, according to the latest ranking of the fortunes of world celebrities published Tuesday by Forbesa threshold crossed after a prosperous year 2023 for the pop star.

With assets now estimated at $1.1 billion, the singer Shake It Off becomes the first artist, woman or man, to have crossed the ten-figure threshold thanks solely to income from her music.

“The Eras Tour” generates a shower of tickets

In less than a year, the Pennsylvania native has seen her fortune grow by $360 million, largely thanks to the economic benefits of her 152-date monster tour “The Eras Tour”. According to several estimates, “Eras” is on track to become the highest-grossing concert series in music history, well over a billion dollars. This tour, which is due to end on December 8 in Vancouver, Canada, has already earned him $190 million, according to Forbes.

The magazine estimates that, since the start of her career, Taylor Swift has earned more than $500 million from royalties and concerts. Performer, but also author or co-author of almost all of her titles, the 34-year-old artist is also producer or co-producer, which multiplies the sources of income.

She also re-recorded her first six albums, for which she did not own the original recording rights, which her former record company, Big Machine, refused to sell back to her. The value of his music catalog is now around $500 million. Forbes adds to this heritage real estate valued at $125 million in total, as well as a private jet, estimated at $10 million. The increase in his personal fortune is also due to the film The Eras Toura montage of three of his concerts, which recorded $261 million in worldwide box office revenue.

A golden mark

The specialist magazine Billboard for its part, estimated the turnover of the Taylor Swift brand at $1.82 billion in 2023, taking into account sales of music, concert tickets, derivative products, cinema tickets and royalties.

Taylor Swift is not the only musical artist to have entered the very closed circle of celebrity billionaires. She had already been overtaken by the rapper Jay-Z (2.5 billion dollars), the singer Rihanna (1.4) or the singer Jimmy Buffett (1), who died last September, but all owe part of their fortune to investments in activities not directly related to music.

source site