00:00 In a surprising turn of events, Taylor Swift is back in the headlines but this time it's
00:08 not her chart-topping music, social media presence or any controversies.
00:13 It's a recent achievement of billionaire status that's creating the buzz.
00:18 According to Bloomberg UK, Taylor Swift's net worth has crossed the billion-dollar mark
00:24 and it coincided with the release of her album 1989 Taylor's Version.
00:29 Taylor Swift is among the few artists who have amassed billions primarily through her
00:34 music career and now with her live performances.
00:37 Caroline Solane, a labor economist at the University of Chicago, praised Swift's remarkable
00:43 talent and innovative ideas.
00:46 Not just a generational artist but also a skilled economist.
00:51 The majority of Taylor Swift's wealth, around $400 million, comes from her live performances,
00:57 with an additional $370 billion ticket sales and merchandise, and approximately $120 million
01:04 from digital streaming platforms like Spotify and YouTube.
01:09 She also owns a real estate portfolio valued at $110 million, consisting of five homes.
01:17 Forbes previously estimated Taylor Swift's net worth at over $740 million.
01:22 With her real estate holdings alone worth more than $80 million.
01:28 The success of her ERAZ tour has left industry experts astounded as it has essentially reshaped
01:34 the financial landscape of the entertainment industry, according to Seat Greeks director
01:40 of growth marketing, Chris Laden.
01:44 But the story doesn't end here.
01:46 In addition to her tour, Taylor Swift's concert film, Taylor Swift - The ERAZ Tour, grossed
01:52 over $96 million at the box office in the US and Canada.
01:58 Taylor Swift joins the ranks of Billionaire Musicians, a club that also includes Jay-Z
02:03 and Beyonce.
02:04 Rihanna achieved this milestone in 2021 despite not releasing an album for years, thanks to
02:11 her Fenty Beauty makeup line and Savage X Fenty laundry line.
02:16 The music industry is witnessing some remarkable financial success stories and Taylor Swift's
02:21 journey to becoming a billionaire is undoubtedly one of the most notable ones.
02:26 Here's what's next!
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03:01 (upbeat music)
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