Forbes (US) has just released a list of 14 USD billionaires working in culture and international sports.
On Tuesday of this week, Forbes (US) released a list of billionaires worldwide for 2024. With a fortune of 1.1 billion USD, singer Taylor Swift (34 years old) appeared for the first time in the list of 14 USD billionaire stars working in the world's culture and sports fields.
After 17 years of working in the music industry and having a resoundingly successful singing career, Taylor Swift has reached the level of an international music star, building a billion USD fortune.
Swift's billion-dollar fortune is made up of revenue from the Eras tour, the value of her musical assets, and the real estate she owns. Swift's achievements are even more impressive, as she is a rare artist who has built a billion-dollar fortune mainly through her singing career.
In fact, since October 2023, Bloomberg (USA) financial news has assessed that Taylor Swift's fortune has reached the billion-dollar mark. Revenue from the Eras tour is an important factor that helped her officially join the group of billionaires.
Unlike other stars, Taylor Swift does not expand her business activities to areas such as fashion or cosmetics. She mainly focuses on performing and releasing new music products.
According to Bloomberg, after completing her performances in the US, Taylor Swift earned 780 million USD from the Eras tour. This year, Swift continues to tour internationally. The Eras tour has grossed over $1 billion, making it the biggest-grossing tour in music history.
In recent years, Taylor Swift has also been actively recording to re-release the albums she has released. The activity of re-recording old albums with new features is also warmly welcomed by Swift's fans.
Almost all of the large income appearing in Taylor Swift's assets comes from her singing career. The calculations given by Bloomberg and Forbes are based on Taylor Swift's clearly identifiable assets and income. These calculations include the value of 5 real estate properties that Taylor Swift owns. The total value of these projects is estimated at about 110 million USD.
The value of the songs owned by Taylor Swift is currently estimated at about 400 million USD. Income from online music listening platforms is estimated to bring Taylor Swift about 120 million USD.
Revenue from record sales brought her about 80 million USD, and revenue from tours and other business activities brought in about 370 million USD.
From the income, Taylor Swift also has to pay income tax, invest in tours, pay salaries to staff, and pay remuneration to cooperation units.
Bloomberg newspaper commented that Taylor Swift, from a phenomenal female singer, known since her teenage years, has become an international music star. Swift has built the image of a talented, friendly, sincere, and lovable female singer.
Behind Taylor Swift's success is a close team that has worked very effectively over the years. The leader of this group is her biological father, Mr. Scott Swift. Taylor Swift's biological father has been a strong supporter of his daughter's career for many years.
Currently, Mr. Scott Swift heads an investment company with connections to about 10 subsidiaries. These subsidiaries specialize in undertaking various tasks related to Taylor Swift's singing career.
Bloomberg believes that Taylor Swift's fortune will increase dramatically in the future. This prediction is based on the fact that the singer always participates in the composition of the songs she performs. Therefore, Taylor Swift holds the copyright to all of these songs.
Swift is considered a female singer with good composing ability, with persistent and effective artistic labor energy. Although the current value of Taylor Swift's musical assets is estimated at about 400 million USD, this number promises to increase further because the singer continues to release new music products.
Bloomberg predicts that Taylor Swift's musical career will eventually create a collection of songs with a copyright value of about 1 billion USD.
14 billionaire stars working in the fields of international culture and sports:
American director George Lucas (net worth: 5.5 billion USD)
American director Steven Spielberg (net worth: 4.8 billion USD)
Former American basketball player Michael Jordan (net worth: 3.2 billion USD)
American television producer Oprah Winfrey (net worth: 2.8 billion USD)
American rapper and music producer Jay-Z (net worth: 2.5 billion USD)
Reality TV star and businesswoman Kim Kardashian (net worth: 1.7 billion USD)
New Zealand director Peter Jackson (net worth: 1.5 billion USD)
American actor and filmmaker Tyler Perry (net worth: 1.4 billion USD)
Barbadian singer Rihanna (net worth: 1.4 billion USD)
American golfer Tiger Woods (net worth: $1.3 billion)
American basketball player LeBron James (net worth: $1.2 billion)
Former American basketball player Magic Johnson (net worth: $1.2 billion)
American filmmaker Dick Wolf (net worth: $1.2 billion)
American singer Taylor Swift (net worth: $1.1 billion)