Pop icon Taylor Swift continues to make waves this year, and now she’s making headlines for her rapidly growing net worth. According to Bloomberg News, Swift’s net worth has reached an impressive $1.1 billion.
This news comes as no surprise to her devoted fanbase, known as Swifties. They have shown their support by purchasing tickets to her ongoing Eras Tour, which has generated $370 million in ticket sales and merchandise revenue for Swift. In addition, Bloomberg reports that the tour has contributed a staggering $4.3 billion to the U.S. economy this year. Even Federal Reserve chair Jerome Powell has taken notice of this remarkable achievement, considering it a positive sign for the economy.
Swift’s financial success is especially remarkable considering that she primarily earns her wealth from music. Bloomberg’s analysis shows that $400 million of her net worth comes from her music catalogue, both past and present. In addition, she has earned $120 million from streaming revenues, $80 million from royalties on music sales, and she also owns five homes worth a combined $110 million.
MORE: Watch the trailer for the ‘Taylor Swift: The Eras Tour’ film
Swift is in the company of other superstar musicians on the Forbes celebrity women earnings rankings, including Beyoncé, Madonna, and Rihanna. Rihanna currently holds the second spot on the list with a net worth of approximately $1.4 billion, but her income is primarily derived from her successful Fenty Beauty line and partnerships with luxury brands.
Swift has been generous with her wealth, as she is known for giving lavish bonuses to her staff and crew. She has also made substantial donations to local food banks throughout her Eras Tour.
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