Taylor Swift has just been selected by Time magazine (USA) as “Person of the Year”. She also owns a net worth of up to 1.1 billion USD from copyright sales, touring and real estate.
Recently, Taylor Swift was chosen by Time as “Person of the Year” thanks to her brilliant success in music and became the first artist to be awarded this title.
According to Time editor-in-chief Sam Jacobs, 2023 is the year Swift achieves success by harmonizing both artistic and commercial elements. He said that she was like a source of positive light in a year when the world had many dark places.
According to Forbes , Taylor Swift’s current net worth is $1.1 billion. This amount includes $500 million in royalties and touring, $500 million from musical works and about $125 million from real estate.
Taylor Swift became a billionaire in October this year thanks to income from The Eras Tour and other musical activities. The information did not come as a surprise because since the beginning of the year, she was predicted to become a billionaire after the first leg of her global tour ended.
She is the first artist to become a billionaire solely through music activities, not entering the cosmetics and fashion business like other entertainment industry billionaires.
The singer collected 370 million USD from concert ticket sales and related accessories. She has about 120 million USD thanks to streaming music on online platforms.
Taylor Swift is estimated to have earned 190 million USD after just the first leg in North America. The singer also received about 35 million USD for the concert film, released in theaters in October this year.
She also owns many other properties including an apartment in Nashville, a mansion in Beverly Hills, a beachfront mansion in Rhode Island, and a $40 million building in New York. In addition, she also has a private jet worth more than 10 million USD.
Chris Leyden, director of growth marketing at ticketing platform SeatGeek, thinks Taylor Swift is an “economic phenomenon”. The Eras Tour contributed $4.3 billion to US GDP in 53 days.
The average concert ticket price is 25 USD, but is often sold several times higher on the “black market”.
Her father – Mr. Scott Swift – used to be a stock broker at the third largest investment bank in the US, Merrill Lynch, then became the bank’s president. He currently operates 10 companies affiliated with his daughter, managing many of her assets.
