Taylor Swift is officially on Forbes’ World’s Billionaires List. But what sets the 34-year-old artist apart from other musicians is how she earned her billion-dollar fortune.
Taylor Swift officially landed on Forbes’ billionaires list on Tuesday, April 2. But what distinguishes the 34-year-old singer-songwriter from other wealthy artists is how she accumulated her billion-dollar fortune.
In a rare feat, Swift is the first musician to reach the milestone solely from songwriting and performing. Her fortune doesn’t largely derive from profitable side hustles (think: beauty brands, fashion lines, alcohol investments, etc.), which have been typical avenues for entertainers to become billionaires in recent years. This puts her in a unique category with artists like Bruce Springsteen, who earned $1 billion from on the road touring.
More than $500 million of Swift’s fortune is from music royalties and touring. She made an estimated $190 million after taxes from the first leg of the Eras tour and another $35 million from the first two weeks of screenings of the corresponding concert film, Taylor Swift: The Eras Tour, which became the highest-grossing concert movie in history.
Meanwhile, another $500 million of her earnings came from the increasing value of her music catalog.
