Taylor Swift makes Forbes' billionaires list, thanks to her musical activities

Singer Taylor Swift is officially the first artist to enter the list of 14 USD billionaires in the field of international culture and sports published by Forbes Financial Magazine (USA).

Recently, Forbes magazine has released the list of USD billionaires in 2024 and the name Taylor Swift is the focus of this year's ranking. This magazine said that the 34-year-old singer has amassed an estimated fortune of $ 1.1 billion (about VND 27,000 billion).

According to Forbes, Taylor Swift is the first artist to become a billionaire thanks to her music activities alone.

Other heavyweights in the entertainment industry such as singer Rihanna and rapper Jay-Z have also featured on this list, with huge fortunes acquired partly through fashion brands, alcohol companies or entertainment companies.

"The most famous newcomer on the 2024 global billionaires list is, of course, Taylor Swift. The 35-year-old star has amassed a fortune of $1.1 billion based on record-breaking blockbuster touring earnings of $1 billion, music products as well as real estate investments," Forbes commented on Taylor Swift.

Taylor Swift had a booming 2023 globally, not only boosting the economy with her Eras Tour but also being named Time magazine's Person of the Year. However, that was not enough for the beauty to amass a huge net worth of $ 1.1 billion at the age of 35. Over the years, she made many smart business moves to ensure her wealth kept growing.

Taylor Swift's The Eras Tour is an important factor for the singer to be on this list. The Eras Tour is a world tour that sums up her nearly two decades of music career with 10 iconic albums. It has become an unprecedented "economic phenomenon" and is estimated to have earned $ 780 million (about VND 19,000 billion) from ticket sales. The Eras Tour is also on track to become the highest-grossing tour of all time.

Callie Cox, a financial analyst with investment firm eToro, told The New York Post that every time Taylor takes the Eras Tour to a stop, that city benefits immensely, thereby boosting the economy.

"Every weekend, the city she visits releases data on hotel room occupancy and how much money is generated for each local economy. That's in the millions," Cox said in June 2023.

According to Bloomberg, Swift earned $80 million from music rights. This income forms when copyrighted music is used in other licensing agreements, such as movies and commercials. Payments are paid to music product owners such as musicians, songwriters, and recording artists.

Taylor's songs have appeared in many TV series and movies such as Grey's Anatomy, The Summer I Turned Pretty, Fifty Shades Darker and The Hunger Games. as well as countless other ads and campaigns.

Behind Taylor Swift's success is a close crew that has been very effective over the years. At the top of this group is her biological father, Scott Swift. Taylor Swift's biological father has been behind his daughter's career for years.

Bloomberg believes that Taylor Swift's fortune will increase dramatically in the future. This prediction is made based on the fact that the singer is always involved in the process of composing the songs that she performs. So, Taylor Swift holds the copyright to all these songs.

Taylor Swift caused many Singapore stores to suddenly lose revenue after the concert Khánh Huyền18:10:52 15/03/2024Many businesses did not benefit when Taylor Swift brought The Eras Tour to Singapore. Revenue even decreased, although previously, according to statistics, Taylor's concert had brought huge profits to Singapore.