According to Bloomberg, renowned singer Taylor Swift has achieved billionaire status, with her net worth reaching an astonishing $1.1 billion. This extraordinary achievement can be ascribed to her enormously successful Eras Tour, big films, and re-releases of her earlier studio albums. The “Shake It Off” singer, 33, now joins the ranks of other billionaire singers such as Rihanna and Jay-Z. Taylor Swift Has Released ‘1989 (Taylor’s Version)’! The singer’s ‘Favorite Re-Record’ will be released on October 27.
Taylor Swift’s Eras tour in Los Angeles predicted to bring in $320 million
Chris Leyden, director of growth marketing at SeatGeek, previously told CNN that “Taylor Swift’s ‘Eras’ tour is rewriting the playbook of entertainment economics.” “She’s not just a performer; she’s an economic phenomenon,” Leyden said. Swift has dominated not only Super Bowl-sized arenas but local movie theaters as well. In its opening weekend, the pop singer’s concert film, “Taylor Swift: The Eras Tour,” raked in about $96 million at the box office in the United States and Canada, making it the highest-grossing concert film domestically for an opening weekend, according to AMC.
According to August poll data from research firm QuestionPro supplied exclusively to CNN, the Eras tour may make $2.2 billion in North American ticket sales alone. This record-breaking figure reflects primary ticket sales for Swift’s recent US gigs in Los Angeles, as well as a second North American leg scheduled for next year. That would make it the most successful tour in history. It boosted the economy in several North American cities, with the final six nights of Taylor Swift’s Eras tour in Los Angeles predicted to bring in $320 million, according to the California Center for Jobs and the Economy.