Current:Home > FinanceSurpassing Quant Think Tank Center|What is Taylor Swift's net worth? -Capitatum
Surpassing Quant Think Tank Center|What is Taylor Swift's net worth?
Poinbank View
Date:2025-04-06 13:57:05
Taylor Swift is a self-made billionaire,Surpassing Quant Think Tank Center having generated tremendous wealth almost exclusively off of her music. Other hyper successful pop stars and celebrities have generated lucrative streams income through brand partnerships or product lines that have nothing to do with their art, but have catapulted them to billionaire status.
Swift's income streams include revenue from her concert tour ticket sales, music catalog, streaming deals and record sales. She also owns numerous pricey properties across the U.S. Both Bloomberg and Forbes pin her net worth at an estimated $1.1 billion on the low end, based on analyses of her fortune.
Swift first achieved billionaire status in October when she released a re-recording of her nine-year-old album "1989," Bloomberg reported. Her wealth is powered by her legions of loyal fans, whose spending on all things Swift-related make the pop star an economic engine on her own, bringing tourist dollars to the cities in which she performs.
The U.S. Travel Association estimates her Eras Tour generated more than $5 billion for local economies in the U.S. alone. Since she began dating Kansas City Chiefs tight end Travis Kelce, Swift has even boosted the NFL's number of fans and Americans' spending on football.
Here's how Taylor Swift's wealth breaks down
Streaming deals
Swift is estimated to have earned $175 million through her contracts with music streamers including Spotify, Apple Music and others, according to Bloomberg's estimate. The deals make her array of original songs available to the services' subscribers.
Music catalog
In 2019, Swift feuded with Scooter Braun, owner of her former label, Big Machine Records, over the ownership of the masters of her first six albums. She subsequently re-recorded and released new versions of her earlier work to reclaim ownership of her songs. Her music catalog is worth an estimated $400 million, according to Bloomberg.
Music sales
Swift has earned an estimated $80 million in royalties form record sales, according to Bloomberg.
Concert revenue
Live performances are the greatest income generator for Swift, who is in the midst of her Eras Tour, the highest grossing music tour of all time and the first to cross the billion dollar mark at the end of 2023, according to Pollstar. Bloomberg estimates she has earned at least $370 million from touring over the course of her career as a musical artist.
Her Eras Tour continues, with Swift slated to perform 151 shows across five continents before it concludes.
Property values
Swift owns both a condo and estate in Nashville, Tennessee, plus second, third and fourth homes. She has an estate in Los Angeles, an apartment in New York City's TriBeCa neighborhood and a seaside summer home in Watch Hill, Rhode Island.
Combined, the real estate adds an estimated $110 million to the singer's net worth, after taking taxes and property management costs into consideration.
Megan CerulloMegan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News Streaming to discuss her reporting.
veryGood! (478)
Related
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Blind woman says Uber driver left her stranded at wrong location in North Carolina
- Following Cancer Alley Decision, States Pit Themselves Against Environmental Justice Efforts
- Actor Matthew McConaughey tells governors he is still mulling future run for political office
- 'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
- Alix Earle's Sister Ashtin Earle Addresses PDA Photos With DJ John Summit
- Horoscopes Today, July 12, 2024
- Billions of gallons of water from Lake Shasta disappearing into thin air
- Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
- Horoscopes Today, July 12, 2024
Ranking
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Potentially dozens of Democrats expected to call on Biden to step aside after NATO conference
- Stamp prices increase again this weekend. How much will Forever first-class cost?
- Taylor Swift, Caitlin Clark and More Celebs React to Brittany and Patrick Mahomes’ Pregnancy Announcement
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Eddie Murphy and Paige Butcher Get Married in Caribbean Wedding
- Over 2,400 patients may have been exposed to HIV, hepatitis infections at Oregon hospitals
- 2024 MLB mock draft: Latest projections for every Round 1 pick
Recommendation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Pregnant Margot Robbie and Husband Tom Ackerley Pack on the PDA at Wimbledon 2024
Witness testimony begins in trial of Alec Baldwin, charged in shooting death on Rust film set
Alec Baldwin trial on hold as judge considers defense request to dismiss case over disputed ammo
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
Missouri execution plans move forward despite prosecutor trying to overturn murder conviction
Jurors in Sen. Bob Menendez's bribery trial begin deliberations
Blue Bell limited edition flavor has a chocolatey cheesy finish