The runaway success of Taylor Swift's Eras Tour plus her other musical ventures have earned her a spot in the billionaires club. Per a Bloomberg News analysis, she's reached a net worth of $1.1 billion.
"Her prolific songwriting, negotiations around streaming and shrewd decision to re-record her first six albums have enabled her to create massive financial success at a time musicians have lost clout in the industry," the report reads. "The close relationship she's cultivated with her millions of ardent fans has led to a more unified demographic than just about any political party, evidenced by the swapping of beaded Swift-inspired friendship bracelets that's become a universal rite among concertgoers."
The Bloomberg News projection of Swift's net worth considered "the estimated value of her music catalog and five homes, and earnings from streaming deals, music sales, concert tickets and merchandise." The figure also factored in "the impact of income tax, tour production and travel costs and commissions paid to managers and agents."
"In addition to being a generational talent, Taylor Swift is a great economist," Carolyn Sloane, a labor economist at the University of Chicago, told "Bloomberg News." "Taylor has great ideas, is able to scale her ideas and seems to be pretty risk-seeking."
Per the Washington Post, the Eras Tour is projected to earn $4.1 billion, which would make it the highest-grossing tour of all time.
According to Page Six, the 53-show US leg of Swift's tour has added $4.3 billion to the nation's gross domestic product. Fortune reported that according to a survey conducted by research company QuestionPro, "fans have spent more than $1,300 on average in categories including tickets, travel and clothing in order to attend the tour."
The theatrical release of the Taylor Swift: The Eras Tour film is setting records of its own, grossing over $130 million worldwide since its Oct. 13 release.
