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Forbes officially named Taylor Swift a billionaire: how the singer managed to earn so much money by the age of 34

Forbes officially named Taylor Swift a billionaire

American singer Taylor Swift has officially entered the Forbes business magazine's ranking of the world's richest people with a net worth of $1.1 billion. The 34-year-old music star took 2545th place out of 2692, and the Eras Tour, which brought in $1 billion, a world record, was a highlight of her career.

The pop singer made her debut back in 2006, but became most famous only in 2023. According to Page Six, her fortune was secured by her latest sixth music tour, recognition as TIME's Person of the Year 2023, and some cautious but confident steps in her career development.

Music albums

In 2020, the singer announced that she would re-record her first five albums. However, in addition to the old songs, Swift also released new works - Lover, Folklore, Evermore, and Midnights in collaboration with Universal Music Group.

Since the beginning of her career, the Grammy Awards 2024 winner has released a total of 21 albums, including: 11 original studio albums, 4 re-recorded albums, 4 live albums, and 2 mini-versions. Since 2019 alone, she has managed to earn $400 million from her work, Bloomberg reports.

Forbes officially named Taylor Swift a billionaire: how the singer managed to earn so much money by the age of 34

Record streaming listens

Taylor Swift is known to have earned about $130 million from Spotify alone. Her tracks are also available on other music services such as Apple Music, YouTube Music, and Amazon Music, and the total amount is about $160 million.

Music royalties

Due to the enormous popularity of Taylor Swift's songs, movies and advertisers decided to take advantage of this and received permission to use the singer's acting rights, for which she received a record $80 million in profit.

Her work has been featured in such films as Grey's Anatomy, The Summer I Turned Pretty, Fifty Shades Darker, and The Hunger Games.

Forbes officially named Taylor Swift a billionaire: how the singer managed to earn so much money by the age of 34

Tour.

The Eras Tour became the highest-grossing tour in history, bringing the star more than $1 billion. About 4.3 million tickets were sold for the event. Thanks to it, the singer brought $4.6 billion to the US economy. Such a contribution to the country's budget could not leave her without the title of "Person of the Year" according to TIME magazine.

Expensive real estate

Taylor Swift owns five houses in the United States, with a total value of approximately $150 million. According to the Wall Street Journal, the first property was a 300-square-meter penthouse bought at the age of 19.

Sale of rights and partnerships

For the same reason that advertising and film companies are working with Taylor Swift, other global brands are also signing partnership agreements with the star.

Forbes officially named Taylor Swift a billionaire: how the singer managed to earn so much money by the age of 34

Family financial cushion

Taylor Swift probably got her early success thanks to the help of her parents. Her family was upper middle class and it greatly influenced the development of the future star. Her father Scott Swift worked as a stockbroker, and her mother Andrea Swift worked as a marketing manager in an advertising agency, which brought a net worth of $10 million.

Earlier, OBOZ.UA reported which women were included in the billionaires' ranking according to the Forbes business magazine. The top ten richest women were headed by the granddaughter of the founder of one of the most popular beauty companies in the world.

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