US singer and songwriter Taylor Swift has a current net worth of $1.1 billion after the success of her Eras world tour and its accompanying film, according to Bloomberg.
The success of the Eras tour – a Super Bowl-sized event spanning numerous cities that shattered records and sparked ticket frenzies – has propelled the 33-year-old pop star’s net worth past $1 billion, according to a Bloomberg News analysis on Friday.
Swift is one of the few entertainers to reach that status based on just her music and performance, Bloomberg said.
She now joins performers including Rihanna, Jay-Z and Beyonce in the coveted billionaires club.
Watch: Taylor Swift fans break out in song on delayed flight
The calculation took into account the estimated value of her music catalogue and five homes, and earnings from streaming deals, music sales, concert tickets and merchandise.
This includes an estimated $400 million from her music released since 2019, $370 million from ticket sales and merchandise, $110 million from her five personal properties, $120 million earned from Spotify and YouTube, and $80 million from music sales royalties, according to the report.
The Shake It Off singer’s 53 US concerts this year added $4.3 billion to the country’s gross domestic product, according to estimates from Bloomberg Economics.
The 146-date Eras Tour, which is expected to be the highest-grossing tour of all time when it closes next year, is projected to have a $5 billion economic impact on the US, according to software company QuestionPro. That would produce a gross domestic product larger than 50 countries.
Swift could earn as much as $4.1 billion from the tour, calculated on the standard artist’s share of 85 per cent, according to The Washington Post.
The 12-time Grammy winner makes between $10 million and $13 million per show, according to Forbes.
The Eras tour is Swift’s first since 2018 after she cancelled her planned Lover Fest tour in 2021 due to the Covid-19 pandemic.
Since then, Swift has released four new albums and re-recorded three others as “(Taylor's Version)”.
Eras racked up more than $700 million in ticket sales for shows performed to date, according to Bloomberg estimates.
Swift is also dominating movie theatres. In its opening weekend, the pop singer’s concert film, Taylor Swift: The Eras Tour, grossed an estimated $126 million to $130 million in global ticket sales, according to cinema chain AMC.
It is the highest-grossing concert film in US history.
Swift took the unusual step of making a direct deal with AMC, the world’s biggest theatre operator, instead of teaming up with a Hollywood studio to distribute her concert film, The Wall Street Journal reported.
Swift is now one of the world’s richest self-made women. The pop star officially has more No 1 albums than any woman in history. Previously, Barbra Streisand held the record, with 11 No 1 albums.
In 2019, Swift announced that she was planning to re-record her first six studio albums after her former label sold her master recordings. She has since released Taylor’s Version albums for Red, Speak Now and Fearless.
She pulled all her music from online music streaming service Spotify in 2014 in protest against what she called “unfair compensation” from the streamer. She then renegotiated her rates to rejoin Spotify after three years.
In 2018, she left her long-time record label Big Machine to go independent and negotiated a new contract with Universal Music Group that allows her to take a larger share of the royalties, according to Bloomberg.
Watch: Taylor Swift pulls music from Spotify
Swift also owns two Dassault private jets, Forbes said.
Her real estate portfolio includes four properties in New York City, a beach house in Rhode Island, properties in Nashville, Tennessee, a seven-bedroom home in Hyannis Port, Massachusetts, and an estate in Beverly Hills.
Swift has also endorsed companies such as Coca-Cola, CoverGirl, Target, AT&T and Sony Electronics.
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Three tips from La Perle's performers
1 The kind of water athletes drink is important. Gwilym Hooson, a 28-year-old British performer who is currently recovering from knee surgery, found that out when the company was still in Studio City, training for 12 hours a day. “The physio team was like: ‘Why is everyone getting cramps?’ And then they realised we had to add salt and sugar to the water,” he says.
2 A little chocolate is a good thing. “It’s emergency energy,” says Craig Paul Smith, La Perle’s head coach and former Cirque du Soleil performer, gesturing to an almost-empty open box of mini chocolate bars on his desk backstage.
3 Take chances, says Young, who has worked all over the world, including most recently at Dragone’s show in China. “Every time we go out of our comfort zone, we learn a lot about ourselves,” she says.
US PGA Championship in numbers
1 Joost Luiten produced a memorable hole in one at the par-three fourth in the first round.
2 To date, the only two players to win the PGA Championship after winning the week before are Rory McIlroy (2014 WGC-Bridgestone Invitational) and Tiger Woods (2007, WGC-Bridgestone Invitational). Hideki Matsuyama or Chris Stroud could have made it three.
3 Number of seasons without a major for McIlroy, who finished in a tie for 22nd.
4 Louis Oosthuizen has now finished second in all four of the game's major championships.
5 In the fifth hole of the final round, McIlroy holed his longest putt of the week - from 16ft 8in - for birdie.
6 For the sixth successive year, play was disrupted by bad weather with a delay of one hour and 43 minutes on Friday.
7 Seven under par (64) was the best round of the week, shot by Matsuyama and Francesco Molinari on Day 2.
8 Number of shots taken by Jason Day on the 18th hole in round three after a risky recovery shot backfired.
9 Jon Rahm's age in months the last time Phil Mickelson missed the cut in the US PGA, in 1995.
10 Jimmy Walker's opening round as defending champion was a 10-over-par 81.
11 The par-four 11th coincidentally ranked as the 11th hardest hole overall with a scoring average of 4.192.
12 Paul Casey was a combined 12 under par for his first round in this year's majors.
13 The average world ranking of the last 13 PGA winners before this week was 25. Kevin Kisner began the week ranked 25th.
14 The world ranking of Justin Thomas before his victory.
15 Of the top 15 players after 54 holes, only Oosthuizen had previously won a major.
16 The par-four 16th marks the start of Quail Hollow's so-called "Green Mile" of finishing holes, some of the toughest in golf.
17 The first round scoring average of the last 17 major champions was 67.2. Kisner and Thorbjorn Olesen shot 67 on day one at Quail Hollow.
18 For the first time in 18 majors, the eventual winner was over par after round one (Thomas shot 73).
UAE currency: the story behind the money in your pockets
UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
Results
Ashraf Ghani 50.64 per cent
Abdullah Abdullah 39.52 per cent
Gulbuddin Hekmatyar 3.85 per cent
Rahmatullah Nabil 1.8 per cent
Details
Through Her Lens: The stories behind the photography of Eva Sereny
Forewords by Jacqueline Bisset and Charlotte Rampling, ACC Art Books
The results of the first round are as follows:
Qais Saied (Independent): 18.4 per cent
Nabil Karoui (Qalb Tounes): 15.58 per cent
Abdelfattah Mourou (Ennahdha party): 12.88 per cent
Abdelkarim Zbidi (two-time defence minister backed by Nidaa Tounes party): 10.7 per cent
Youssef Chahed (former prime minister, leader of Long Live Tunisia): 7.3 per cent
Student Of The Year 2
Director: Punit Malhotra
Stars: Tiger Shroff, Tara Sutaria, Ananya Pandey, Aditya Seal
1.5 stars
The First Monday in May
Director: Andrew Rossi
Starring: Anna Wintour, Karl Lagerfeld, John Paul Gaultier, Rihanna
Three stars
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
Oscars in the UAE
The 90th Academy Awards will be aired in the UAE from 3.30am on Monday, March 5 on OSN, with the ceremony starting at 5am
The%20Kitchen
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Tips from the expert
Dobromir Radichkov, chief data officer at dubizzle and Bayut, offers a few tips for UAE residents looking to earn some cash from pre-loved items.
- Sellers should focus on providing high-quality used goods at attractive prices to buyers.
- It’s important to use clear and appealing photos, with catchy titles and detailed descriptions to capture the attention of prospective buyers.
- Try to advertise a realistic price to attract buyers looking for good deals, especially in the current environment where consumers are significantly more price-sensitive.
- Be creative and look around your home for valuable items that you no longer need but might be useful to others.
SRI LANKS ODI SQUAD
Perera (capt), Mendis, Gunathilaka, de Silva, Nissanka, Shanaka, Bandara, Hasaranga, Udana, Dananjaya, Dickwella, Chameera, Mendis, Fernando, Sandakan, Karunaratne, Fernando, Fernando.
THE SPECS
Engine: 3-litre V6
Transmission: eight-speed automatic
Power: 424hp
Torque: 580 Nm
Price: From Dh399,000
On sale: Now
