Taylor Swift Finally Makes Forbes’ Annual Billionaires List
Taylor Swift has made her debut on Forbes’ annual billionaires list.
For the first time, the renowned musician’s name has graced the pages of Forbes’ billionaires list, a testament to her extraordinary success in the music industry. What’s even more remarkable is that Swift’s entry into the elite club of billionaires is solely attributed to her music and performances.
Swift joins a prestigious lineup of first-time billionaires that includes NBA legend Earvin ‘Magic’ Johnson, renowned designer Christian Louboutin, and over 260 other notable names.
Last October, Bloomberg initially reported Swift’s ascent to billionaire status, highlighting the immense success of her new albums and groundbreaking ‘Eras’ tour, which became the first tour ever to gross $1 billion (£795 million). Additionally, Swift’s record-breaking concert film contributed to her substantial wealth.
Forbes estimated that Swift earned $500 million (£398 million) from royalties and touring and another $500 million from her catalogue. A significant portion of her fortune stems from her strategic move to re-record her albums, reclaiming control of her master recordings. The re-release of her 2014 album ‘1989’ surpassed sales of the original record, further bolstering her financial success.
In addition to her music ventures, Swift has made savvy investments in real estate, reportedly earning $125 million (£99.5 million).
Swift’s streaming royalties from Spotify alone amounted to $100 million (£79.6 million) last year, driven by the popularity of her 2022 album ‘Midnights’ and the reimagined ‘1989 (Taylor’s Version)’ released in 2023.
Swift is also gearing up for the release of her highly anticipated 11th album, ‘The Tortured Poets Department’, scheduled for 19th April. The announcement came during her electrifying performance at the 2024 Grammys, where she clinched awards for ‘Album of the Year’ and ‘Best Pop Vocal Album’ for ‘Midnights’.
