Taylor Swift Is Officially a BILLIONAIRE

Life is Drama

Transcript

00:00 Taylor Swift is officially a billionaire.

00:03 "Really? How'd I do that?"

00:05 On Thursday, Bloomberg, a financial news organization, shared an article declaring

00:10 the "Shake It Off" singer has joined the likes of fellow billionaire artists like Rihanna and Jay-Z.

00:15 "It's just unbelievable."

00:18 The outlet gave an in-depth look at Tay's finances and road to billionaire status,

00:23 even crediting her as one of the few recording artists to build a 10-figure fortune

00:28 almost entirely from her music.

00:30 Rih's riches came in large part through her fenty beauty and savage clothing lines.

00:40 "Fashion comes naturally because of the industry that I'm in. It's a part of my visuals,

00:46 it's a part of my videos, so it's always been something that I've been interested in."

00:50 While Jay-Z made it big through a series of investments,

00:53 businesses and endeavors, not all connected to his music.

00:58 "There's a love of film and music, so it doesn't feel like work."

01:04 According to Bloomberg, Taylor's exact net worth is, drumroll please, $1.1 billion.

01:10 "I think for me, I save it, I invest it, I try to be smart about it. My dad's a stockbroker,

01:19 so he's always been like, 'Save your money. Don't be stupid about it.'"

01:23 That $1.1 billion figure comes from an analysis of her music catalog,

01:28 merch sales, tour revenue and more.

01:31 This all comes after it was reported that North American ticket sales for the ERA's tour broke

01:36 $2.2 billion. And Bloomberg Economics estimates that in total, the 53 U.S. concerts from the

01:44 tour have added $4.3 billion to the country's gross domestic product.

01:49 "That alone was just a life-changing, dream-come-true moment for me."

01:53 As for a breakdown of where the Grammy winner's money comes from, the outlet found that more than

01:59 three-quarters of her net worth is based on the value of the music she's released since 2019,

02:04 $400 million, and ticket sales and merch, $370 million.

02:10 The remaining $330 million stems from her YouTube and Spotify earnings, $120 million,

02:18 the value of her personal properties, $110 million, and her music royalties, $80 million.

02:24 "There's so many moving parts to this."

02:27 Yeah, it seems everything Taylor touches turns to gold,

02:30 including her decision to release a film of her ERA's tour concert.

02:34 "We're about to go on a little adventure together,

02:37 and that adventure is gonna span 17 years of music. How does that sound?"

02:43 In its opening weekend, the film made $92.8 million

02:47 and was the top earner at the box office for two weeks straight.

02:51 Taylor Swift's The ERA's Tour, a nearly three-hour theater-going experience,

02:56 has also broken a slew of other records,

02:59 including the first-ever concert film to pass $100 million at the box office.

03:04 "Welcome to The ERA's Tour."

03:12 "This has been the most extraordinary experience of my entire life."

03:16 Now, Taylor is set to head out on tour in South America

03:20 before heading to Asia, Australia and Europe in 2024.

03:25 And on Thursday night, Taylor released 1989 Taylor's Version,

03:30 which is expected to be one of the biggest albums of the year.

03:38 So cheers to Taylor and her billionaire boss status.

03:42 Tay's success never goes.

Category

Transcript

Be the first to comment

Recommended