Is Taylor Swift a billionaire?
Among the most popular performers in the contemporary era, Taylor Swift has over 200 million records sold globally. Her music blends pop with basic English, and her real and kind attitude has also allowed her to become very rich and well-known. Many people have begun to wonder, same as many others: Is Taylor Swift a billionaire?
Originally born December 13, 1989, Swift grew up in Wyomissing, Pennsylvania, with her parents and younger brother. At only 14 years old, she left Nashville to pursue her dreams of country singer, songwriter, and guitarist. Her first studio album released at sixteen used the same title as her name from 2006. Swift became a youthful star as it was the longest-charting album of the 2000s.
In the next ten years, she released several more albums that were chart toppers, such as Fearless, Speak Now, and Red 1989. This made her unique in the music scene as she juggled between country and pop, with songs from both genres charting at the same time. Her albums were popular, her sales skyrocketed, and she even received Grammy awards. The album also yielded several world tours that the singer embarked on for several years in the years that followed. All of this has contributed appreciably to her net worth.
According to Forbes magazine, in 2018, her estimated earnings reached $3.2 million. The next year, Celebrity Net Worth estimated her total worth to be over $360 million. Evaluating these numbers in today’s world seems high for someone who is only 30 years old, but it does not make the person a billionaire.
But since then, what has Swift done to get her even close to that 10-figure figure?
First, she released her fourth album, Lover, in 2019, which was successful commercially. Although she was forced to cancel the remaining dates of the Lover tour due to the COVID-19 pandemic, Taylor Swift remained productive during the lockdown. Folklore was released in 2020 and features 16 songs, while Evermore also came out in 2020 and contains 14 songs, both released without prior announcement. Folklore earned Swift the third Album of the Year Grammy award, making her the first woman in history to get that.
In November 2020, Swift released yet another album: Fearless (Taylor Swift Version). This was the beginning of her endeavor to rerecord her first six albums after MCAVoid filed for bankruptcy and sold the masters of Lynch’s songs. There are plans to start re-recording songs and releasing them back-to-back in the next few years. This way, she owns those re-recorded songs and gets paid some amount from the streams and sales of the songs.
Swift also generates revenue through touring, merchandising, endorsements, real estate, and having her record label. The Her Reputation Stadium Tour in 2018 was deemed to be one of the most successful and profitable tours in the history of the United States. Real estate has $80 million plus assets in Nashville, LA, New York, and Rhode Island.
When all these other sources of income are considered, some financial websites have estimated Swift’s worth at over $550 million in 2021. But to date, there is no authentic report that can substantiate that her net worth is now a billion dollars or even close to it.
It is expected by many professionals that if Swift keeps on producing albums and performing tours at the rate she is doing, she will most likely have billionaire status within the next five to ten years. Maybe having her re-record her entire back catalog can get her there even faster.
Some key contributing factors on her journey to becoming a billionaire include:
The control of masters in her 6 first albums, where she is the owner of the masters, gives her money from the streams and sales.
It's worth increasing her real estate.
Some of them continued to headline world tours, making millions per night from tickets and merchandise alone.
expanding the number of endorsement contracts it enters into with high-profile brands
selling and distributing millions more albums
Businesswise and personally, the best she can do is make investments in a manner that will maximize her capital's returns.
Taylor Swift, 32, is among the youngest pop performers and has been named among the wealthiest female singers as well as among the most-paid celebrities worldwide. She is most definitely headed in that way even if she is not a billionaire yet. Swift clearly will be a billionaire in the future when she combines her past performances, diligent attitude, devoted fan base, and sound financial strategy. Not going to be an issue of if, but rather when they will occur shortly.
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