US singer-songwriter Taylor Swift arrives for the 66th Annual Grammy Awards at the Crypto.com Arena in Los Angeles on 4 February 2024. Swift was officially named a member of the three-comma-club on 2 April 2024 as Forbes confirmed rumours estimating her wealth exceeds a billion dollars. (Robyn Beck/AFP)
- Taylor Swift was officially named a member of the three-comma-club Tuesday, as Forbes confirmed rumours estimating her wealth exceeds a billion dollars.
- The financial news outlet said she is the first artist to achieve billionaire status solely based on her music and estimated she has a $1.1 billion fortune.
- Along with her vast songwriting catalogue, Swift staged the first billion-dollar tour ever.
Taylor Swift was officially named a member of the three-comma-club Tuesday, as Forbes confirmed rumours estimating her wealth exceeds a billion dollars.
The financial news outlet said she is the first artist to achieve billionaire status solely based on her music and estimated she has a $1.1 billion fortune.
Other industry heavyweights who’ve hit the mark – Rihanna and Jay-Z among them – have earned their massive wealth in part via fashion brands, alcohol companies or entertainment holdings, among other interests.
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Along with her vast songwriting catalogue, Swift staged the first billion-dollar tour ever – the ongoing Eras Tour has boosted economies and delighted fans around the world.
Swift, 34, also has a significant real estate portfolio, with homes in New York, Beverly Hills, Nashville and a coastal mansion in Rhode Island.
Her touring milestone was one of many records Swift shattered over the past year, including winning a fourth Grammy for Best Album, the most of any artist.
She received wall-to-wall attention throughout 2023, which closed with Time Magazine honouring Swift as Person of the Year, calling her a “rare person who is both the writer and hero of her own story”.
And in mere weeks fans have a brand-new album to look forward to: Swift is set to drop The Tortured Poets Department on 19 April.
New record
The frenzy around Swift was augmented last year by her dating life, as the pop culture icon began a very public romantic relationship with tight end Travis Kelce of the Kansas City Chiefs, who ultimately won the Super Bowl championship.
Chiefs games – where Swift has been a regular in a private box – smashed a series of ratings records this past season.
It was yet more evidence of her vast influence: with hundreds of millions of social media followers and a staunchly loyal fan base, she can move any dial with the tiniest of efforts.
Even politicos – and conspiracy theorists – for months have been opining on her potential impact on the upcoming presidential election.
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Swift was born in Pennsylvania on 13 December 1989. She began writing songs professionally as a teenager, signing with Nashville’s Big Machine Records as a country artist.
Years after she went full pop and, as she moved on to a major deal with Universal, Swift became embroiled in a very publicised feud with Big Machine.
The sale of her song catalogue to a private equity firm triggered a massive dispute over musicians’ rights – and a bold new era of Swift’s career.
She vowed to re-record her first six albums in order to own their rights, and began making good on the promise, urging her fans to listen to Taylor’s Version instead of previous releases.
In the meantime, she’s released several more original studio albums, with her 11th due later this month.
And her conversation-commanding Eras tour is due to continue until the end of 2024, with estimates anticipating she will surpass the $2-billion threshold, a staggering sum.