Entertainment

Forbes Recognizes Taylor Swift as a Billionaire for the First Time, Crediting the Triumph of the Eras Tour.

After 17 years of becoming the largest music singer in the world, Taylor Swift has officially become a billionaire.

Taylor rose to fourteenth place on Forbes’ 2024 billionaire list on Tuesday, with a $1.1 billion fortune.

The pop singer, 34, is the most well-known newbie on the list and has accumulated an estimated net worth of $1.1 billion from her successful Eras tour, the sale of her record collection, and her real estate holdings.

This comes on top of her enormous earnings from her first six albums, which she rerecorded while negotiating the terms of her music’s monetization with streaming services.

Her achievement is especially significant because she is one of the select few who have reached the milestone “through music and performing alone.”

After 17 years of becoming the largest music singer in the world, Taylor Swift has officially become a billionaire.

The pop singer, 34, has accumulated an estimated net worth of $1.1 billion, primarily from her successful Eras tour, her song collection, and her real estate holdings. She is the most well-known newbie on the list.

Based to Pollstar’s 2023 year-end charts, Taylor’s Eras Tour is the first tour to reach the $1 billion milestone.

According to a concert trade newspaper, Swift’s historic Eras Tour not only became the most successful tour in history, both globally and in North America, but it also made an incredible $1.04 billion (£831.6 million) in revenue from 4.35 million tickets sold over 60 tour dates.

Pollstar data is gathered from November 17, 2022 to November 15, 2023, and is derived from box office reports, venue capacity estimations, previous Pollstar venue ticket sales data, and other undefined research.

The publication’s representatives would not immediately clarify if they named Swift as the first to surpass the $1 billion mark by adjusting historical tour numbers to account for 2023 inflation.

Her tour began in Arizona in March.

Additionally, according to Pollstar, Swift’s merchandise sales raked in almost $200 million (£159.8 million).

Swift’s historic Eras Tour was not only the best-selling tour in the world and in North America, but it also earned her an incredible $1.04 billion (£831.6 million) from the sale of 4.35 million tickets over 60 tour dates, according to the music trade newspaper.

        FORBES TOP 14 CELEBRITY BILLIONAIRES 2024

1. George Lucas (net worth: $5.5billion)

2. Steven Spielberg (net worth $4.8billion)

3. Michael Jordan (net worth $3.2billion)

4. Oprah Winfrey (net worth $2.8billion)

5. Jay-Z (net worth $2.5billion)

6. Kim Kardashian (net worth $1.7billion)

7. Peter Jackson (net worth $1.5billion)

8. Tyler Perry (net worth $1.4billion)

9. Rihanna (net worth $1.4billion)

10. Tiger Woods (net worth $1.3billion)

11. LeBron James (net worth $1.2billion)

12. Magic Johnson (net worth $1.2billion)

13. Dick Wolf (net worth $1.2billion)

14. Taylor Swift (net worth $1.1billion)

And her blockbuster film adaptation of the tour, Taylor Swift: The Eras Tour, has reportedly earned approximately $250 million (£199 million) in sales.

That makes it the highest-grossing concert film of all time.

According to their estimates, Pollstar predicts a big 2024 for Swift as well.

The magazine projects the Eras Tour will once again reach $1 billion (£799 million) within their eligibility window.

That means Swift is likely to bring in more than $2 billion (£1.5 billion) over the span of the tour.

Worldwide, Swift’s tour was followed by Beyonce in second, Bruce Springsteen & The E Street Band in third, Coldplay in fourth, Harry Styles in fifth, followed by Morgan Wallen, Ed Sheeran, Pink, The Weeknd and Drake.

In North America, there was a similar top 10: Swift, followed by Beyonce, Morgan Wallen, Drake, P!nk, Bruce Springsteen & The E Street Band, Ed Sheeran, George Strait, Karol G and RBD.

Beyond Swift, 2023 was a landmark year for concert sales: worldwide, the top 100 tours of the year saw a 46% jump from last year, bringing in $9.17 billion (£7.31 billion) compared with 2022’s $6.28 billion (£5.06 billion).

Earlier this week, Swift was named Time Magazine’s Person of the Year.

Last month, Apple Music named her its artist of the year; Spotify revealed she was 2023’s most-streamed artist globally, raking in more than 26.1 billion streams since January 1 and beating Bad Bunny’s three-year record.

Consider 2023 a year of incredible pop music dominance — (Taylor’s Version).

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