Taylor Swift is a billionaire: How Eras tour, concert film helped make her first billion

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Taylor Swift has done something rare in this day and age: become a billionaire almost exclusively from music.

Between the ongoing international Eras Tour, several weeks of her blockbuster tour film and the re-release of a nine-year-old album, “1989,” plus two decades of popularity, Swift, 33, has officially earned the title of billionaire, according to analysis from Bloomberg, released Thursday.

Swift’s U.S. concerts added $4.3 billion to the country’s gross domestic product this year, Bloomberg estimates.

Bloomberg says its analysis is conservative and “based only on assets and earnings that could be confirmed or traced from publicly disclosed figures.” Still, the analysis took into account the estimated value of Swift’s music catalog and five homes, and earnings from music sales, concert tickets, streaming deals and merchandise.Taylor Swift is a billionaire

Here’s how her earnings stack up:

  • An estimated $400 million off of music released since 2019, starting with “Lover”
  • $370 million from ticket sales a merchandise
  • $120 million from Spotify and YouTube
  • $110 million value of homes
  • $80 million in royalties from music sales

Other musicians that have reached billionaire status include Rihanna, who last year was declared the world’s richest female musician, as well as Jay-Z and Ye, formerly known as Kanye West.

After a record-breaking opening weekend of $92.8 million, “Taylor Swift: The Eras Tour” took in an estimated $31 million from 3,855 locations, according to AMC Theaters.

Within days, it became the highest-grossing concert film ever in North America, not accounting for inflation. It’s quickly accumulated $129.8 million domestically.

The tour itself has generated $4.6 billion in projected consumer spending, according to research company QuestionPro. Los Angeles estimated $320 million increase in GDP from her six concerts there.

In 2019, Swift released “Lover,” the first album she owned after the masters to her first six albums were purchased by Scooter Braun via his acquisition of Big Machine Label Group. She has re-released four “Taylor’s Version” editions of those albums since then, including “1989,” “Fearless,” “Red” and “Speak Now.”

Contributing: Melissa Ruggieri, USA TODAY; Jake Coyle, The Associated Press

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