Mon. Jun 17th, 2024
alert-–-taylor-swift-is-a-billionaire!-pop-megastar,-33,-joins-the-ten-digit-club-after-rereleasing-music-catalogue-and-embarking-on-epic-eras-tourAlert – Taylor Swift is a BILLIONAIRE! Pop megastar, 33, joins the ten-digit club after rereleasing music catalogue and embarking on epic Eras Tour

Taylor Swift has officially reached billionaire status — 17 years into her illustrious career as music’s biggest superstar.

Bloomberg reported that Swift, 33, is now worth $1.1billion and joins the coveted ten-digit club which includes Kim Kardashian and Oprah Winfrey.

The success of the multi-Grammy Award-winning singer’s Eras Tour — which is on track to becoming the highest grossing tour in history — is credited for skyrocketing her net worth.

This is on top of huge earnings from her first six albums, which she re-recorded as she negotiating with streaming platforms how her music is monetized.

The accomplishment is particularly monumental as she is among a small few who’ve achieved the milestone ‘through music and performing alone.’

Along with boosting her own net worth, Bloomberg reported that the 53 concerts Swift performed in the United States this year ‘added $4.3 billion to the country’s gross domestic product.’

Billionaire! It was revealed Thursday that Taylor Swift has officially reached billionaire status — 17 years into her career as music’s biggest superstar; seen July

This is because the massive tour led to extensive travel, ticket sales and merchandising opportunities for her legions of fans. 

The outlet notes their analysis was a ‘conservative’ one as it is strictly based on figures that are publicly known such as her real estate portfolio, streaming deals, etc.

Swift kicked off her Eras Tour in the United States in March following a now infamous Ticketmaster debacle last November that left many ‘Swifties’ without tickets and, instead, saw them snapped up by resellers.

The site had crashed and fans found themselves booted from the virtual queues. 

Swift spoke out amid the chaos, telling her devout fanbase that she was just as ‘pissed off’ as everyone else is. 

At face value, the ticket prices ranged between $49 to $499. But on resale sites like StubHub and SeatGeek, they were going for thousands of dollars.

SeatGeek told U.S. News in August that the average price of an Eras Tour resale ticket was $1,619.

The tour is predicted to net the star a staggering $4.1 billion — the most an artist has ever made from a single tour in history — according to the Washington Post.

Swift’s windfall is primarily thanks to her share of the revenue, which is estimated to be the industry-standard 85 percent. 

Her already massive paycheck is also set to expand as the Eras Tour film hit theaters on October 13 after raking in over $80 million in advanced sales alone.

As of now it’s grossed a whopping $130million worldwide. It was filmed during one of the six of her sold-out Eras Tour shows at SoFi Stadium in Los Angeles in August. 

The film was a major coup for AMC. Taylor made the unusual move of negotiating directly with the theater chain to have it serve as her film’s distributor — skipping the usual middle man — after she and her family became frustrated with the demands of distributors she had been working with.

AMC has also been working out contracts with rival theater chains to allow them to show the film as well.

The movie also isn’t eligible for AMC’s A-list subscription plan, and the tickets are more expensive than usual, meaning that the theater chain — and Taylor — will be making an even bigger pile of cash than usual.

The success of the multi-Grammy Award-winning singer’s Eras Tour — which is on track to becoming the highest grossing tour in history — is credited for skyrocketing her net worth; seen in August 

The tour is predicted to net the star a staggering $4.1 billion — the most an artist has ever made from a single tour in history — according to the Washington Post; seen in March 

Big screen: The Eras Tour film hit theaters on October 13 after raking in over $80 million in advanced sales alone

The film was a major coup for AMC. Taylor made the unusual move of negotiating directly with the theater chain to have it serve as her film’s distributor — skipping the usual middle man — after she and her family became frustrated with the demands of distributors she had been working with 

Wow! As of now it’s grossed a whopping $130million worldwide 

The Lover hitmaker has been busy re-recording her first six albums after a dispute with her old label Big Machine Records.

She has so far released re-recording of Fearless (2008), Red (2012), Speak Now (2010 and now her beloved 2014 album titled 1989, which dropped on Thursday night.

Back in 2019 Taylor took to her Tumblr to reveal ‘bully’ Scooter Braun — who is the manager of Justin Bieber and former manager of Ariana Grande and Demi Lovato — acquired the label she was previously at Big Machine Records.

His company Ithaca Holdings LLC bought Big Machine Label Group for a reported $300 million.

The deal included the master recordings of all six of her albums – all of her previous music and her legacy.

On her Tumblr post, Taylor slammed Scooter as well as Big Machine Label Group CEO Scott Borchetta and revealed she was not offered the opportunity to buy her own masters and that the former bullied her for years.

Braun then sold Swift’s masters to the private equity firm Shamrock Holdings in 2020 for a reported $300 million.

An angry Swift took to Twitter at the time to react to the ‘second time my music had been sold without my knowledge.’

She claimed to have received a letter from the firm that claimed ‘Scooter Braun had required that they make no contact with me or my team, or the deal would be off.’

She also claimed that ‘Scooter Braun ‘will continue to profit off my old musical catalog for many years’ as part of the business deal.

Shamrock Holdings has since sold a minority stake to RidgeLake Partners.

KOAA News reported in August that Swift’s first three re-recordings have amassed a combined $50million in royalties and a combined 6,872,886,786 in streams.

She has three more albums to re-record which will undoubtedly bring her royalties well over the $100million threshold.

With a highly-successful tour, chart-topping re-recordings and her tenth studio album Midnight released last October, it was revealed Thursday that Swift has become the most-nominated artist at the upcoming Billboard Music Awards ceremony.

Re-recordings: The Lover hitmaker has been busy re-recording her first six albums after a dispute with her old label Big Machine Records; seen in 2022

The latest: She has so far released re-recording of Fearless (2008), Red (2012), Speak Now (2010 and now her beloved 2014 album titled 1989, which dropped on Thursday night

Controversy: Back in 2019 Taylor took to her Tumblr to reveal ‘bully’ Scooter Braun — who is the manager of Justin Bieber and former manager of Ariana Grande and Demi Lovato — acquired the label she was previously at Big Machine Records (Scooter pictured in 2020)

The Lover hitmaker scored an impressive 20 nominations.

Swift is up for Top Artist, Top Female Artist, Top Billboard 200 Artist, Top Hot 100 Artist, and many more at the data-led awards show.

Swift already has 29 Billboard Music Award wins under her belt, making her the most victorious female winner in the show’s history.

Along with making headlines with her professional achievements, Swift’s new romance with Kansas City tight end Travis Kelce, 34, has garnered major media attention.

The romance rumors began after Kelce revealed his failed attempt to give Swift his number in August while attending her Eras Tour concert in Kansas City.

Travis and Taylor went public with their romance during his September 24th football game, and have been spotted on numerous outings since.

The singer has attended four of his games so far, and he reportedly plans to join her next month when the International leg of her Eras tour kicks off.

The singer and the football pro have been flaunting their romance ever since they confirmed that they were dating last month.

And sources previously told .com that Swift has been blown away by the way the sports star has ‘courted her’ like a ‘gentleman’.

An insider close to Taylor’s celebrity pal Blake Lively revealed that while the songstress was ‘trying to keep it together,’ it was obvious to those around her that she was already ‘falling’ hard for her new beau.

‘Taylor is blown away right now and her family is all about Travis. She is trying to keep it together, but is obviously falling in love with him and he feels the same way,’ they dished.

‘He courted her and it was not her typical, ‘Hey, you’re hot, let’s go out,’ sorta thing. He actually courted her and she feels like she is the luckiest gal in the world right now.

‘It is no coincidence that all she had to do was look outside of Hollywood.’

New love: Along with making headlines with her professional achievements, Swift’s new romance with Kansas City tight end Travis Kelce, 34, has garnered major media attention; seen on October 15

Must-watch: Not only is she dating Kelce in what has become a sensational romance, but her appearances at his football games have become must-watch television for Swifties; seen on October 22 with Brittany Mahomes

The insider explained that the singer’s parents were ‘super harsh critics’ when it came to her love life, but even they are believed to be ‘fully supportive’ of the new pairing.

‘All that they ever want is for Taylor to be with someone who keeps her safe and who loves her for her,’ they explained.

‘Travis is a gentleman and, although it is maybe too soon to say, everyone really feels like she has finally met her match.’

According to the source, his family also ‘adore her’ and all of her friends are ‘legit so happy for her.’

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