Taylor Swift’s Climb to Be a Billionaire Has One Major Learning for Every Single Artist
The world is one place of uncertainty and even more so is the music industry. The highly competitive environment sees new records broken and created all the same in the blink of an eye. However, 2023 stood testament to a one-of-a-kind record that had two consecutive concert films released and both going on to sell off as blockbusters. The mammoth achievement was a result of the concert tours of Taylor Swift and Beyoncé who now stand pegged as two of the most influential women in America, let alone music.
In this show of group effort, individuality was also a factor. And by sheer statistics, one of the artists can actually boast a fortune by music and music alone.
Taylor Swift entered into the billionaire club without any additional revenue streams
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A common practice prevalent among successful people is to never settle. The very push to expand, branch off, and earn more and more is what thrusts their impetus and relevance into the ever-growing competitiveness. Taking a clue from some of the biggest names that stand in the same relevance as Taylor Swift, Kim Kardashian, Jay-Z, and Oprah Winfrey are all billionaires. However, only the 33-year-old singer made it to the coveted club based on her music alone and no other side businesses.
Beyoncé and Jay-Z together have a whopping net worth of over $3 billion. However, much of the rapper’s income is from businesses such as Tidal, liquor brands, and stakes in companies. The ‘Halo’ singer herself helms Ivy Park fashion label and perfumeries business that keeps her over $540 million as of now. Kardashian has her SKIMS fashion wear to count on while Winfrey earns from royalties and TV shows. In sharp contrast, Taylor Swift only has her music and its respective concert shows and movies to put her at $1.1 billion.
Interestingly, a massive chunk of revenue for the singer came from that year alone, which eventually landed her in the billionaire club.
How The Eras Tour and concert film made the singer a billionaire
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In March 2023, Glendale, Arizona hosted the very first The Eras Tour show. Soon after, the event would balloon in size and span over continents while witnessing a staggering 72,000 or more attendance per show on average. A royal escort and fans lining to catch a glimpse were all factors that showed just how influential Taylor Swift was. A few months later, her net worth would shoot from $740 million to over $1.1 billion, thanks to this very event.
By the end of December 2024, when the concert shall come to a close, a staggering $4.1 billion in revenue stands expected. After all deductions and compensations, the singer would keep over 80% of the income. Moreover, thanks to the sheer hype of The Eras Tour concert film, the movie earned over $250 million by the end of November, adding more zeroes to the star’s ballooning and honestly self-made net worth.
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What are your thoughts on Taylor Swift making herself a billionaire from music alone? Let us know in the comments below.
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