Taylor Swift Didn’t Need Lucrative Side Hustles To Become A Billionaire.2





On Tuesday, April 2, Taylor Swift became the official addition to the list of billionaires compiled by Forbes. However, the manner in which the singer-songwriter, who is 34 years old, amassed her billion-dollar fortune is what sets her apart from other affluent artists. The star of the Miss Americana pageant was placed No. 2,545 on the World’s Billionaires List published by Forbes.



Forbes reports that the number of billionaires has increased to an all-time high, with their combined wealth reaching $14.2 trillion. This represents 141 more billionaires than the previous year and 26 more than the record set in 2021. The addition of Swift to the list comes after Forbes announced in October 2023 that the singer was a billionaire and that her net worth was estimated to be $1.1 billion.




Taylor Swift Didn’t Need Lucrative Side Hustles To Become A Billionaire
Taylor Swift Didn’t Need Lucrative Side Hustles To Become A Billionaire

 

Swift is the first musician to reach the milestone exclusively via composition and performing, which is an extremely unprecedented accomplishment. Her wealth is not primarily derived from lucrative side hustles (for example, beauty brands, fashion lines, alcohol interests, and so on), which have been the conventional means by which performers have amassed billions of dollars in recent years. Because of this, she is placed in a distinct category among musicians like Bruce Springsteen, who made one billion dollars from traveling on the road.



 

As a result of her touring and music royalties, Taylor Swift has amassed a fortune that exceeds $500 million. It is estimated that she made approximately $190 million after taxes from the first leg of the Eras tour, and she also made an additional $35 million from the first two weeks of screenings of the concert film that corresponded to the tour, which was Taylor Swift: The Eras Tour. This concert film went on to become the highest-grossing concert movie in history.




 

Taylor Swift Didn’t Need Lucrative Side Hustles To Become A Billionaire.

 

Additionally, the growing value of her music repertoire contributed an additional $500 million to her revenues during this time period. Swift’s first six albums, which were referred to as her masters, were notoriously acquired by Scooter Braun in the year 2019, and they were subsequently sold to Shamrock Capital for a sum of $300 million in the year 2020.



These are the worst possible outcomes for me. Swift wrote on Tumblr in 2019 after she found out that Braun had purchased her master’s degree. “This is what happens when you sign a deal at fifteen to someone for whom the term ‘loyalty’ is clearly just a contractual concept,” Swift wrote. “Now Scooter has taken away the work that I have done throughout my life, which I was not given the option to purchase. In essence, my artistic legacy is about to be entrusted to the care of an individual who has attempted to destroy it.



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