Advertisement

Taylor Swift has now reached billionaire status thanks to her showstopping Eras Tour — see how the pop star makes and spends her fortune

taylor swift eras tour
Taylor Swift performs onstage during The Eras Tour at Soldier Field in Chicago, Illinois.Natasha Moustache/TAS23/Getty Images for TAS Rights Management
  • Taylor Swift's net worth is now $1.1 billion, according to a Bloomberg News analysis.

  • The pop star is a prolific songwriter who's amassed a significant fortune throughout her career.

  • Here's how Swift earns and spends her incredible fortune, from real estate to charitable donations.

Taylor Swift never fails to impress.

At 15 years old, she was the youngest songwriter to ever sign with Sony. She now has 14 Grammys on her shelf, several tours under her belt, an endless list of chart-topping songs and albums, and a beloved fan base who dub themselves "Swifties."

Such success makes Swift one of the world's highest-paid celebrities and one of the richest female singers. According to a Bloomberg News analysis published on the eve of the rerelease of her "1989" album, she has now officially built a billion-dollar empire.

Bloomberg puts Swift's current net worth at $1.1 billion, thanks in part to her massive 146-date worldwide Eras Tour and its subsequent tour movie. It comes after Forbes estimated Swift had a net worth upwards of $740 million in July.

Swift has been strategic and generous with her money, investing in a sprawling $84 million real-estate portfolio and often donating it to causes she supports and people in need.

Below, see how Swift earns and spends her fortune.

Taylor Swift currently has an estimated net worth of $1.1 billion.

Taylor Swift attends the "All Too Well" New York Premiere on November 12, 2021 in New York City.
Taylor Swift attends the "All Too Well" New York Premiere on November 12, 2021 in New York City.Dimitrios Kambouris/Getty Images

Bloomberg News reported her net worth in October 2023. Swift is one of the few people to reach billionaire status almost exclusively from her music and performances, the outlet reported, citing publicly disclosed and traceable assets and earnings.

Her fortune is primarily comprised of her extensive discography, five homes, and earnings from streaming deals, music sales, concert tickets, and merchandise, according to Bloomberg.

Representatives for Swift did not immediately respond to Insider's request for comment regarding the estimation.

The pop star's record-breaking Eras Tour, which began in March 2023, is what has propelled the singer into billionaire status.

taylor swift eras tour
Taylor Swift performs onstage during The Eras Tour at Gillette Stadium on May 19, 2023, in Foxborough, Massachusetts.Scott Eisen/TAS23/Getty Images for TAS Rights Management

Swift's 146-date worldwide Eras Tour has been nothing short of a sensation. It's on track to make history as the highest-grossing tour of all time and the first tour to gross over $1 billion, The Wall Street Journal reported in June.

Since touring 56 dates across the US and Mexico between March and August 2023, it has generated $780 million, according to Forbes.

It has also added $4.3 billion to America's gross domestic product alone, according to Bloomberg Economics.

It's expected to have a similar effect on the likes of South America, Asia, Australia, and Europe when she tours those territories in late 2023 and throughout 2024.

The movie version of the tour broke box-office records before it was even released. To date, it has grossed more than $260 million.

taylor swift eras tour movie premiere
Taylor Swift attends the Los Angeles premiere of "Taylor Swift: The Eras Tour."Valerie Macon/AFP via Getty Images

Worldwide ticket presales had already exceeded $100 million before the film was released (a day early) on October 12, 2023, AMC Theatres reported.

According to ticketing service Fandango, "Taylor Swift: The Eras Tour" set a new record for the highest first-day ticket sales in 2023. It has also become the highest-grossing concert movie of all time, surpassing "Justin Bieber: Never Say Never."

Swift, who bypassed movie studios to personally fund the concert movie, will receive half of the box office earnings for the film, which has grossed $261 million worldwide.

Swift cashed in on her blockbuster Eras Tour movie again by selling the streaming rights to Disney for more than $75 million.

Taylor Swift performs onstage for the opening night of "Taylor Swift | The Eras Tour" at State Farm Stadium on March 17, 2023.
Taylor Swift performs onstage for the opening night of "Taylor Swift | The Eras Tour" at State Farm Stadium on March 17, 2023.Kevin Winter/Getty Images for TAS Rights Management

According to Puck News, Disney paid upwards of $75 million for the exclusive rights to stream "Taylor Swift: The Eras Tour (Taylor's Version)" on Disney+ worldwide starting March 15.

Citing anonymous sources, the outlet reported that Disney's Bob Iger outbid Netflix and Universal Pictures (which handled VOD distribution for the film in December) for the streaming rights by offering the huge sum, which the other two streamers couldn't match.

Swift has endorsement deals and partnerships with high-profile brands.

Taylor Swift's 2022 Capitol One commercial.
Taylor Swift's 2022 Capitol One commercial.Capital One/YouTube

These partnerships include Capital One, AT&T, Stella McCartney, Elizabeth Arden perfumes, American Express, Keds, Diet Coke, Walmart, and Apple, which presumably bring in a lot of income.

But as mentioned, touring is Swift's biggest money maker. The 1989 World Tour grossed more than $250 million in 2015.

taylor swift 1989 tour
Graham Denholm/Shutterstock

That's according to the Los Angeles Times.

She earned even more during her Reputation Stadium Tour in 2018.

Taylor Swift Reputation Tour
Kevin Winter/Getty Images

It ended up being the second highest-grossing tour that year, according to the Grammys. It made $315 million on more than 2.6 million ticket sales.

But her tours don't just bring in ticket sales. She also makes an insane amount of money off her merch.

Hundreds stood in line for hours to get their official Taylor Swift merchandise before the pop star's weekend concerts at Gillette Stadium.
Erin Clark/The Boston Globe via Getty Images

Forbes estimated that her coveted on-site merchandise — which she sells at an average price of $80 —could add an estimated $87 million in proceeds to her fortune.

Swift amassed an estimated $230 million in record sales following the release of her 10th studio album "Midnights" in 2022.

Taylor Swift holding up vinyl copies of her 10th studio album, "Midnights.
Taylor Swift/TikTok

The Guardian reported her massive sales brought in $230 million for Swift's label Universal.

With 1.578 million equivalent album units earned in the US in its first week, "Midnights" landed the biggest week for an album in seven years, according to Billboard.

Forbes reported that Swift made $52 million in 2021 after rerecording and subsequently releasing earlier work that was sold by her former manager Scooter Braun.

taylor swift
Taylor Swift attends the 2022 Toronto International Film Festival.Valerie Macon/AFP via Getty Images

Her new version of "Red" was one of the year's top-selling albums, and "Fearless (Taylor's Version)" topped the charts when it was released.

Forbes also reported that some of her income that year came from lucrative endorsement deals with Peloton and Starbucks.

All in all, Swift has amassed an impressive fortune — and she knows how to spend it. Her real-estate portfolio is worth over $80 million.

Taylor Swift attends the 2018 American Music Awards at Microsoft Theater on October 9, 2018 in Los Angeles, California.
Emma McIntyre/Getty Images

It consists of eight properties in four different states.

In Nashville, she owns a 3,240-square-foot condo worth an estimated $3 million and a 5,600-square-foot Greek Revival estate worth an estimated $2.5 million.

Taylor Swift house Nashville
Google Maps

The latter is the cheapest property she owns.

In LA, Swift owns a 10,982-square-foot Beverly Hills mansion worth nearly $30 million.

taylor swift beverly hills home
From Trulia

In 2017, she was trying to turn it into a historic landmark, according to Teen Vogue.

Across the coast, Swift owns an estate with seaside views in Watch Hill, Rhode Island, for which she reportedly paid $17.75 million, according to the New York Post.

taylor swift WATCH HILL, RHODE ISLAND house
Zillow

With 12,000 square feet, it has plenty of room for parties and even inspired her song "The Last Great American Dynasty."

But that's nothing compared to the estimated $40 million worth of property Swift owns in New York City on the same block in Tribeca.

Taylor Swift's townhouse at 153 Franklin St. in Tribeca.
Taylor Swift bought this townhouse last year located at 153 Franklin St. It's next to a complex where she now owns three units.Google Maps

That includes an 8,309-square-foot large duplex penthouse and a four-story townhouse.

Swift needs a way to travel among all these homes, and she reportedly owns two Dassault private jets.

taylor swift
Andrew H. Walker/Getty

There's no word on how much she paid for them, but Elon Musk owns a similar model that cost approximately $26 million.

Swift often spends money dining out with her friends and romantic partners, especially when in New York City.

Taylor Swift and Travis Kelce leave Waverly Inn in New York City on Sunday.
Taylor Swift and Travis Kelce leave Waverly Inn in New York City on Sunday.Gotham/Getty Images

In the past, she's been spotted at The Fat Radish, The Spotted Pig, Sarabeth's, L'Asso, Nobu, and Vita Carota.

But Swift has always been generous with her money, supporting causes and helping those in need.

taylor swift nashville symphony
Royce DeGrie/Getty Images

On her 24th birthday, she donated $100,000 to the Nashville Symphony, according to People.

She's provided support during natural disasters, donating $1 million to the victims of Louisiana floods and $500,000 to the Nashville flood relief.

taylor swift fans
Caroline McCredie/Getty Images

She also raised $750,000 through a Speak Now Help Now benefit concert for victims of tornadoes in the southern US in 2011, according to People.

Swift is also supportive of education — she pledged $4 million to the Country Music Hall of Fame to fund the Taylor Swift Education Center.

taylor swift country music hall of fame
Larry Busacca/Getty Images

She also donated $50,000 to NYC public schools, People reported.

In 2020, Swift gave $50,000 to a mother of five who lost her husband to COVID-19 days before Christmas.

swiftie fans
Mark Humphrey/Getty Images

She and her mom Andrea Swift quietly made the donation, according to USA Today.

She also gifted $13,000 each to two moms who were also struggling financially because of the pandemic.

And then there are the two famous checks she wrote for $1,989 — an ode to her best-selling album — sent to two fans to pay a student loan and to donate to a dance marathon benefit.

taylor swift and fans
Larry Busacca/Getty Images

The checks were sent out in 2014, according to People.

More recently, she has been donating to food banks across America that coincide with her The Eras Tour route.

taylor swift grammys
Taylor Swift attends the 2023 Grammys.Jeff Kravitz/FilmMagic

She made a sizeable donation to the Arizona Food Bank Network as she kicked off the tour in Glendale, Arizona, and has done the same at other stops including Las Vegas, Nevada, and Detroit, Michigan.

She also helps out her fellow pop stars. She gave Kesha $250,000 to help with legal fees during her lawsuit against music producer Dr. Luke.

kesha
Kevin Winter/Getty Images

Rolling Stone reported the donation in an interview with Kesha in 2017.

In the article, the singer said Swift "is a fucking sweetheart. Very, very sweet, very, very genuine, extremely generous, picks up the phone every time I call her. My mom doesn't even always pick up the phone!"

Swift has proven herself to be incredibly savvy with investments. In 2022, she pulled out of a $100 million sponsorship deal with Sam Bankman-Fried's FTX after she questioned the company if it was selling "unregistered securities."

Taylor Swift attends the 2022 MTV VMAs at Prudential Center on August 28, 2022 in Newark, New Jersey.
Taylor Swift.Getty/Jamie McCarthy

As Business Insider reported, many other celebrities such as Tom Brady and Stephen Curry failed to do so and are now being sued for endorsing the now-bankrupt crypto exchange.

Read the original article on Business Insider