Subscribe
Follow Us
Taylor Swift is officially a part of the billionaire club. She also is the first musician to reach the milestone solely from songwriting and performing. Other musicians on the list, such as Jay-Z and Rihanna, obtained the billionaire status from their businesses.
According to Billboard last year, the publication estimated that the “Cruel Summer” singer “grossed approximately $1.82 billion in music sales and royalties, concert tickets, merchandise sales at concerts, and movie ticket sales in 2023 through Dec. 7.”
According to Forbes, her fortune was created last year through her tour and concert film, which accumulation to more than $500 million, which includes ticket sales. The publication reports that she made “$190 million after taxes from the first leg of the Eras tour and another $35 million from the first two weeks of screenings of the corresponding concert film, Taylor Swift: The Eras Tour.” Due to her impressive feat with the concert film, it has earned the title of the highest-grossing concert movie in history.
Her music catalog makes up the other ~$500 which has increasingly become more popular over the years. Swift split from former label Big Machine Records — founded by Scooter Braun — in 2018. Braun purchased the masters to her first six albums in 2019. He then sold her masters to the projects the following year to Shamrock Capital for $300 million.
“This is my worst case scenario. This is what happens when you sign a deal at fifteen to someone for whom the term ‘loyalty’ is clearly just a contractual concept,” Swift wrote on Tumblr in 2019. “Now Scooter has stripped me of my life’s work, that I wasn’t given an opportunity to buy. Essentially, my musical legacy is about to lie in the hands of someone who tried to dismantle it.”
She later left and found a new “musical home” in 2018.
“I'm ecstatic to announce that my musical home will be Republic Records and Universal Music Group,” Swift announced on Instagram. “Over the years, [UMG chief] Sir Lucian Grainge and [Republic chief] Monte Lipman have been such incredible partners. It's so thrilling to me that they, and the UMG team, will be my label family moving forward. It's also incredibly exciting to know that I'll own all of my master recordings that I make from now on.”
What's Next For Billionaire Taylor Swift?
Swifties have a new album from the poster to look forward to this month. The Tortured Poets Department is set to be released on April 19. She made the surprise announcement at the Grammys earlier this year.
“Okay, this is my 13th Grammy, which is my lucky number. I don’t know if I’ve ever told you that,” Swift joked at the beginning of her speech. “I want to say thank you to the members of the Recording Academy for voting this way, but I know that the way that the Recording Academy voted is a direct reflection of the passion of the fans. So I want to say thank you to the fans by telling you a secret that I have been keeping from you for the last two years, which is that my brand-new album comes out April 19th. It’s called ‘The Tortured Poets Department.’ I’m going to go and post the cover right now backstage. Thank you, I love you! Thank you!”
Take a look at the tracklist below:
01 Fortnight [ft. Post Malone]
02 The Tortured Poets Department
03 My Boy Only Breaks His Favorite Toys
04 Down Bad
05 So Long, London
06 But Daddy I Love Him
07 Fresh Out the Slammer
08 Florida!!! [ft. Florence and the Machine]
09 Guilty as Sin?
10 Who’s Afraid of Little Old Me?
11 I Can Fix Him (No Really I Can)
12 LOML
13 I Can Do It With a Broken Heart
14 The Smallest Man Who Ever Lived
15 The Alchemy
16 Clara Bow
17 The Manuscript (Bonus Track)
