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Key Points:
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Estimates of Taylor Swift’s net worth range from $800 million to $1.1 billion.
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Swift’s net worth has soared in the last two years, in large part due to the singer’s Eras tour.
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Unlike many other financially successful musicians, Swift’s net worth is largely thanks to her musical endeavors.
Taylor Swift is an undeniably popular singer with a dedicated fan base. Although Swift is often seen in the headlines with details about her personal life, the award-winning musician has built a net worth of an estimated $1.1 billion.
We will explore how she built this astounding net worth.
Taylor Swift's Net Worth
As of writing in early 2024, Taylor Swift has hit an estimated net worth of over $1 billion. The estimates of her fortune range from $800 to $1.1 billion. Although that is a significant range, it’s clear that the singer is extremely successful from a financial point of view.
How She Earned the Money
Taylor Swift is one of the rare artists who has built an eye-watering net worth almost solely through her music. Below is a look at how she’s earned significant sums along the way.
- Royalties: The star has earned hundreds of millions of dollars in royalties from her music.
- Touring: While she has run several lucrative tours, her Eras tour is her most recent and most successful tour yet. On the first leg, she profited an estimated $190 million after taxes.
- Movies: Swift’s recently released movie featuring highlights of the Eras tour earned her an estimated $35 million.
- Music catalog: Swift’s music catalog, which she owns after a very public re-recording process, is a significant component of her net worth.
- Endorsements: Swift has partnered with many brands for endorsements, which she is likely very well compensated for.
It’s worth noting that few other musicians achieve this level of financial success without some extra ‘side hustles.’ For example, it’s very common for a popular musician to leverage their popularity into a lucrative side business, like an alcohol brand, to rake in more cash. While Swift has grown her net worth, she has done it almost exclusively through her music.
How She’s Growing the Money
Swift has built an impressive net worth. But it doesn’t look like she’s going to slow down anytime soon. Here’s a look at some of the ways she’s growing her funds:
- Music: Swift has re-recorded many of her albums to regain ownership control. It’s possible she’ll continue to re-record her remaining albums to finalize a complete collection of her music. Additionally, it’s very possible she’ll add new music to her immensely popular body of work.
- Tours: The Eras tour isn’t over yet. And with a tour this popular, it’s possible Swift could make another successful tour in the future, which could help her continue to grow her fortune.
- Real estate: The star owns several high-value properties, which add to her net worth. These include properties in New York City, Los Angeles, Rhode Island, and Nashville.
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It’s possible Taylor Swift will continue to expand her net worth.
The Bottom Line
Taylor Swift has built an undeniably impressive net worth through smart moves in the business world and by finding an audience who connects with her music.
If you want to grow your net worth, it’s smart to start small. For example, you could get started by opening a high-yield savings account, which offers a flexible place to stash your savings while you earn interest.
With a solid baseline of savings, you might consider branching out to find an audience that loves what you have to offer. As an artist or small business owner, you can fulfill a need your audience has while growing your net worth.
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Sarah Sharkey is a personal finance writer with a Master's in Management from the Hough School of Business at the University of Florida. She enjoys helping people make better financial decisions and has written for numerous personal finance publications, including Money Under 30, Business Insider, and The College Investor. Sarah enjoys traveling, hiking, and reading when she is not writing.
