Taylor Swift makes Forbes billionaires list for the first time with music alone

    Taylor Swift

    3rd April 2024 – (Los Angeles) Taylor Swift has achieved yet another milestone in her career as she officially appears on Forbes’ annual billionaires list for the first time. The renowned publication recently released its list of billionaires, and to everyone’s surprise, Swift’s name made the cut this year. What’s even more remarkable is that she earned her spot on the list solely through her music and performances.

    Joining the ranks of first-time billionaires alongside Swift are notable figures like NBA legend Earvin “Magic” Johnson, renowned designer Christian Louboutin, and over 260 others. Bloomberg initially reported Swift’s billionaire status back in October, attributing it to her successful albums and groundbreaking “Eras” tour, which became the first to gross over $1 billion, along with her record-breaking concert film.

    According to Forbes’ assessment of Swift’s wealth, it is estimated that she has earned $500 million from royalties and touring, and another $500 million from her catalogue. A significant portion of her fortune stems from her re-recorded albums, through which she aims to regain control of her master recordings. Notably, the re-release of her 2014 album ‘1989’ outsold the original recording.

    Forbes also reported that Swift made $125 million in real estate investments. Additionally, she reportedly earned $100 million from Spotify streaming royalties alone last year, thanks to the combined success of her albums ‘Midnights’ in 2022 and ‘1989 (Taylor’s Version)’ in 2023.

    Swift’s success shows no signs of slowing down, as she is set to release her highly anticipated 11th album, ‘The Tortured Poets Department’, on April 19. The announcement was made during her appearance at the 2024 Grammys, where she took home awards for Album of the Year and Best Pop Vocal Album for ‘Midnights’. The album’s tracklist has already been revealed, and fans can expect guest appearances from artists such as Post Malone and Florence + The Machine.