Current:Home > InvestWhat is Taylor Swift's net worth?-DB Wealth Institute B2 Expert Reviews
What is Taylor Swift's net worth?
View Date:2024-12-24 01:11:53
Taylor Swift is a self-made billionaire, having generated tremendous wealth almost exclusively off of her music. Other hyper successful pop stars and celebrities have generated lucrative streams income through brand partnerships or product lines that have nothing to do with their art, but have catapulted them to billionaire status.
Swift's income streams include revenue from her concert tour ticket sales, music catalog, streaming deals and record sales. She also owns numerous pricey properties across the U.S. Both Bloomberg and Forbes pin her net worth at an estimated $1.1 billion on the low end, based on analyses of her fortune.
Swift first achieved billionaire status in October when she released a re-recording of her nine-year-old album "1989," Bloomberg reported. Her wealth is powered by her legions of loyal fans, whose spending on all things Swift-related make the pop star an economic engine on her own, bringing tourist dollars to the cities in which she performs.
The U.S. Travel Association estimates her Eras Tour generated more than $5 billion for local economies in the U.S. alone. Since she began dating Kansas City Chiefs tight end Travis Kelce, Swift has even boosted the NFL's number of fans and Americans' spending on football.
Here's how Taylor Swift's wealth breaks down
Streaming deals
Swift is estimated to have earned $175 million through her contracts with music streamers including Spotify, Apple Music and others, according to Bloomberg's estimate. The deals make her array of original songs available to the services' subscribers.
Music catalog
In 2019, Swift feuded with Scooter Braun, owner of her former label, Big Machine Records, over the ownership of the masters of her first six albums. She subsequently re-recorded and released new versions of her earlier work to reclaim ownership of her songs. Her music catalog is worth an estimated $400 million, according to Bloomberg.
Music sales
Swift has earned an estimated $80 million in royalties form record sales, according to Bloomberg.
Concert revenue
Live performances are the greatest income generator for Swift, who is in the midst of her Eras Tour, the highest grossing music tour of all time and the first to cross the billion dollar mark at the end of 2023, according to Pollstar. Bloomberg estimates she has earned at least $370 million from touring over the course of her career as a musical artist.
Her Eras Tour continues, with Swift slated to perform 151 shows across five continents before it concludes.
Property values
Swift owns both a condo and estate in Nashville, Tennessee, plus second, third and fourth homes. She has an estate in Los Angeles, an apartment in New York City's TriBeCa neighborhood and a seaside summer home in Watch Hill, Rhode Island.
Combined, the real estate adds an estimated $110 million to the singer's net worth, after taking taxes and property management costs into consideration.
Megan CerulloMegan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News Streaming to discuss her reporting.
veryGood! (51698)
Related
- US Congress hopes to 'pull back the curtain' on UFOs in latest hearing: How to watch
- Role in capture of escaped Pennsylvania inmate Danelo Cavalcante puts spotlight on K-9 Yoda
- Alabama will mark the 60th anniversary of the 1963 church bombing that killed four Black girls
- Enough to make your skin crawl: 20 rattlesnakes found inside a homeowner’s garage in Arizona
- The Army’s answer to a lack of recruits is a prep course to boost low scores. It’s working
- Nobel Foundation raises the amount for this year’s Nobel Prize awards to 11 million kronor
- Americans sharply divided over whether Biden acted wrongly in son’s businesses, AP-NORC poll shows
- Florida man who hung swastika banner on highway overpass is arrested
- Trading wands for whisks, new Harry Potter cooking show brings mess and magic
- How Aidan Hutchinson's dad rushed in to help in a medical emergency — mine
Ranking
- Shawn Mendes Confesses He and Camila Cabello Are No Longer the Closest
- Bella Hadid Debuts Shaved Head in Futuristic Marc Jacobs Campaign
- Bus transporting high school volleyball team collides with truck, killing truck’s driver
- Bill Maher says Real Time to return, but without writers
- Women suing over Idaho’s abortion ban describe dangerous pregnancies, becoming ‘medical refugees’
- Louisiana, 9 other states ask federal judge to block changes in National Flood Insurance Program
- GOP candidate’s wife portrays rival’s proposed pay raise for school personnel as unfeasible
- Slovakia expels one Russian diplomat, but doesn’t explain why
Recommendation
-
Today's Craig Melvin Replacing Hoda Kotb: Everything to Know About the Beloved Anchor
-
Imagine making shadowy data brokers erase your personal info. Californians may soon live the dream
-
Miami city commissioner charged with bribery and money laundering
-
An eye in the sky nabbed escaped murderer Danelo Cavalcante. It's sure to be used more in US
-
Patrick Mahomes Breaks Silence on Frustrating Robbery Amid Ongoing Investigation
-
A cash-for visas scandal hits Poland’s strongly anti-migration government, weeks before elections
-
Kim Jong Un stops to see a fighter jet factory as Russia and North Korea are warned off arms deals
-
Karamo Addresses the Shade After Not Being Invited to Antoni Porowski's Bachelor Party