Guess what? Taylor Swift just joined the Forbes billionaires club! Yep, on Tuesday, April 2, she made it official.
So, Swift is now sitting at No. 2,545 on Forbesโ Worldโs Billionaires List.
According to Forbes, there are more billionaires out there than ever before โ141 more than last year and 26 more than the 2021 record.
Together, theyโre worth a staggering $14.2 trillion.
Swiftโs spot on this list isn’t a surprise, especially after Forbes crowned her a billionaire back in October 2023, putting her net worth at a cool $1.1 billion.
Net Worth 2024
Taylor is a mega-talented American singer, songwriter, and producer with a jaw-dropping net worth of $1.1 billion according to Forbes.
Now, if you heard she was a billionaire back in late 2023, that’s not quite right. She actually hit the billion-dollar mark in April 2024, right in the middle of her European “Eras” tour.
How She Made That Much Money?
Taylor Swift is pretty much a household name worldwide and arguably the most powerful celebrity out there. By now, sheโs sold over 200 million albums globally.
Her world tours are always a massive hit, and her “Eras” tour is on track to rake in $2 billion, potentially making it the most successful music tour ever.
In October 2023, she even released a film version of the tour in AMC theaters, which made a cool $260 million.
With her 50% cut from the first dollar gross, Taylor pocketed $130 million from those ticket sales alone. Then, she made another $75 million by selling streaming rights to Disney. That’s a total of $205 million from just the movie!
Adding up her earnings from concert ticket sales, merch, and the movie, Taylor’s looking at a personal net of $500 to $600 million from the “Eras” tour. If all goes well, she’ll definitely cement her billionaire status. Before this tour kicked off, her net worth was sitting at $600 million.
Thanks to the Disney deal and the first leg of the North American tour, by February 2024, her net worth was updated to $900 million.
While becoming a billionaire, the singer made a huge monetary impact on the NFL. Swift created a brand value equivalent of $331.5 million for the Chiefs and the league, according toย data from Apex Marketing Group.
Endorsements and Earnings
Taylor Swift’s earnings are nothing short of phenomenal. Between June 2016 and June 2017, she made about $50 million. In some years, her earnings have exceeded $150 million thanks to album sales, tours, merchandise, and endorsements.
For instance, her 1989 world tour helped her earn $170 million between June 2015 and June 2016. The Reputation stadium tour grossed $266 million, contributing to her $185 million earnings between June 2018 and June 2019. From June 2019 to June 2020, she brought in $64 million.
On top of her music career, she owns over $150 million worth of real estate in the U.S. alone and makes tens of millions every year from endorsements with big names like Capital One, Diet Coke, AT&T, and CoverGirl.
Eras Movie Earnings
In October 2023, Taylor released a film version of her North American “Eras” tour. She struck a deal with AMC, earning 50% of the first-dollar gross from ticket sales. The concert film made $96 million in its opening weekend and approximately $260 million overall, with Taylor’s cut being $130 million.
In February 2024, she sold the streaming rights to Disney for $75 million, making her total earnings from the concert movie over $205 million.
Republic Records Deal and Departure from Big Machine
Taylor produced six albums with Big Machine Records from 2006 to 2017. In 2018, when her contract was up for renewal, she wanted control of her first six albums. Scott Borchetta, Big Machine’s founder, offered a deal that she found unsatisfactory, so she walked away and signed a long-term deal with Republic Records.
This new deal ensured she owned all her future master recordings and received a larger share of her music sales profits. Additionally, if Universal Music sells its $1 billion stake in Spotify, Taylor will receive a significant portion.
Crazy impressive, right?
Dating Life
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Back in 2008, she had a quick fling with Joe Jonas. They were together for three months.
Fast forward to 2010, she started dating Taylor Lautner for a bit, and later that year, she was briefly involved with Jake Gyllenhaal.
In 2015, Taylor’s love life was quite the rollercoaster. She dated DJ Calvin Harris, and then had a whirlwind romance with actor Tom Hiddleston.
In November 2012, she and Harry Styles became an item. They even spent the winter holidays in the British Virgin Islands, but things fizzled out soon after they got back. They were both super busy, always on the move.
Oh, and we canโt forget her short stint with John Mayer, which inspired the song “Dear John.”
Then, in 2017, Taylor started seeing Joe Alwyn. They kept it going until 2023. Quite a run, right?
And now for the latest gossip. In September 2023, rumors started flying about Taylor and NFL player Travis Kelce. Those rumors hit the jackpot on September 24, 2023, when she was spotted at one of his games, cheering her heart out next to his mom.
Career Highlights
A year after signing with Big Machine Records, Taylor Swift dropped her first single, “Tim McGraw,” followed by her debut album. The album hit number five on the U.S. Billboard 200 and topped the U.S. Country Music chart, featuring hits like “Our Song” and “Should’ve Said No.” Itโs now certified platinum over four times.
Swiftโs second album, “Fearless,” was a massive success, reaching number one on several charts and going platinum in multiple countries. It included popular singles like “Love Story” and “You Belong with Me.”
Sheโs performed with big names like John Mayer, Justin Bieber, and Faith Hill, and has won numerous awards, including many American Music Awards, Grammy Awards, and 23 Billboard Music Awards.
Aside from music, Swift has appeared on TV shows like “Saturday Night Live” and movies like “Valentine’s Day.” Sheโs also been featured in magazines such as Seventeen, Teen Vogue, and Rolling Stone.
In 2020, she surprised fans with two albums, “Folklore” and “Evermore,” both of which were highly praised. “Folklore” was the best-selling album of 2020 in the U.S. and won Album of the Year at the Grammys. Her 10th album, “Midnights,” released in 2022, was celebrated as her best work yet, with the single “Anti-Hero” breaking Spotify records.
In March 2023, Taylor started “The Eras Tour,” which became the highest-grossing concert tour of all time, earning over $2 billion so far.
Biggest Career Achievements
- Grammy Awards: Taylor Swift has won 14 Grammy Awards, including Album of the Year four times for “Fearless” (2009), “1989” (2015), “Folklore” (2020), and “Midnights” (2022).
- American Music Awards: She holds the record with 40 wins, more than any other artist.
- Billboard Music Awards: Another record-breaker with 40 wins, the highest for any artist.
- MTV Video Music Awards: Swift has 14 VMAs, including Video of the Year for “Bad Blood,” “You Need To Calm Down,” “All Too Well: The Short Film,” and “Anti-Hero.”
- Country Music Association Awards: She has 12 wins, including Entertainer of the Year in 2011 and 2020.
- Academy of Country Music Awards: Taylor has won 8 ACM Awards.
- Brit Awards: She has 2 Brit Awards.
- Primetime Emmy Award: She won an Emmy for Outstanding Original Music and Lyrics for “Beautiful Ghosts” from the film “Cats.”
- Guinness World Records: Swift holds 98 records, including most albums sold by a female artist in the 21st century and most certified albums by a female artist in the US.
- Time 100: Taylor has been named one of the most influential people in the world three times, in 2010, 2015, and 2019.
- Time Magazine: 2023 Person of the Year
Her Childhood
Taylor Alison Swift was born on December 13, 1989, in West Reading, Pennsylvania, named after musician James Taylor. She grew up on a Christmas tree farm with her parents, Scott and Andrea, and her brother, Austin. For preschool and kindergarten, she attended a Montessori school, then moved to The Wyndcroft School for first grade.
At nine years old, Taylor discovered her passion for musical theatre and began taking vocal and acting lessons in New York City. She fell in love with country music, especially Shania Twain, and started performing at local events and festivals.
Determined to make it big, Taylor and her mom went to Nashville to submit demo tapes of her covering Dolly Parton and The Chicks. However, the record labels didn’t find her original enough, and she returned home without a deal.
At 12, Taylor learned to play the guitar and soon wrote her first song, “Lucky You.” Two years later, her family moved to Nashville to support her music career. In 2003, she began working with music manager Dan Dymtrow, who helped her land a modeling gig with Abercrombie & Fitch’s “Rising Stars” campaign and got her song on a Maybelline compilation CD. After performing her original songs at a showcase for RCA Records, Taylor was signed to an artist development deal.
Real Estate Portfolio
- Nashville: At 19, She bought a $2 million condo, now worth about $4 million. In 2011, she purchased an 8,000-square-foot mansion for $2.5 million, now valued at $6 million.
- Rhode Island: In 2013, she bought an 11,000-square-foot mansion called High Watch for $17.75 million, now worth around $30 million.
- New York City: Taylor owns $50 million worth of apartments, starting with a penthouse in Tribeca in 2014. She later added a four-story penthouse for $12.5 million and another condo for $10 million.
- Los Angeles: Her Beverly Hills properties include a $3.55 million home sold for $4 million, a $1.77 million mansion sold for $2.65 million, and a $25 million mansion now worth at least $70 million after renovations.
- Massachusetts: In 2012, She bought a house in Hyannisport, part of the Kennedy compound, for $4.9 million and sold it for $5.675 million a few months later.
