With the Reissue of Her Album “1989,” Currently Is Valued About $1.1 Billion
Date : 28th October, 2023
THE SOIL – A recent article from Bloomberg claims that Taylor Swift’s Eras tour has catapulted her into the billionaire club, making her one of the few performers whose sole source of wealth is music. None the less.
According to the most recent and thorough report on the musician’s wealth, the 33-year-old, who broke box office records with her Eras tour concert film (which made $92.8 million on its opening weekend) and is expected to top the charts again this weekend with the reissue of her 2014 album “1989,” is currently valued at about $1.1 billion.
She became a millionaire as a result of the phenomenal success of her world tour, which finished its American leg in August and is preparing to embark on a lengthy international leg starting the following month. The 53 performances during the US tour, according to Bloomberg News, boosted the country’s GDP by an astounding $4.3 billion.
![Taylor Swift](https://thesoilnews.com/wp-content/uploads/2023/10/Taylor_Swift_-_Red_Tour_05.jpeg)
Taylor Swift's Music Catalogue To Be Worth $400 Million For Releases After 2019
Calling their analysis “cautious,” Bloomberg noted that it only included “resources and profits that could be verified or linked back to publicly disclosed data.”
Her music catalogue, projected to be worth $400 million for releases after 2019, and the approximate combined value of her five homes, assessed at $110 million, were taken into account when determining her fortune. Notably, she has been working on a well-publicized effort to regain control by re-recording her songs. The computation also took into consideration revenue from streaming deals, which included $120 million from YouTube and Spotify, $80 million from song sales, $370 million from goods sales, and concert ticket sales. It also included a number of financial components, including income tax, tour, production, and travel costs, as well as the commissions paid to managers and agents. Bloomberg requested comment, but Swift and her reps have not responded.
![Taylor Swift](https://thesoilnews.com/wp-content/uploads/2023/10/Taylor_Swift_6966830273.jpeg)
Taylor Swift Has Evolved From A Teen Pop-Country Phenom to A World-Famous Celebrity
As per Bloomberg’s computations, the lengthy Eras tour, which comprises more than forty-four songs and lasts for almost three and a half hours, has generated an astounding amount of revenue surpassing $700 million in ticket sales thus far. And that’s without accounting for the upcoming overseas portion of 89 shows. The average ticket price settled at $254 after a ticket purchase scandal that prompted a congressional investigation into Ticketmaster’s business practises, although many fans spent significantly more on the secondary market. As of right now, her pre-tax profits from the Eras tour are estimated to be $225 million, which is over twice as much as what she made on her most recent Reputation tour in 2018.
Bloomberg noted that Swift’s father, Scott Swift, a longstanding Merrill employee, is a member of her small team. “Swift has evolved from a teen pop-country phenom to a world-famous celebrity, while maintaining an earnest, girl-with-a-guitar image that belives the machine behind her,” Bloomberg reported.
![](https://thesoilnews.com/wp-content/uploads/2023/10/Taylor_Swift_at_the_2023_MTV_Video_Music_Awards_1.png)