How Taylor Swift Spent Hundreds of Millions of Dollars
Earning hundreds of millions of dollars by making music, investing in real estate, Taylor Swift buys a private jet, enjoys life and often helps people in need.
According to Forbes, the “Princess of Country Music” owns an estimated net worth of $740 million. The number will rise further after the star finishes his Eras Tour in 2024.
Taylor Swift’s net worth has grown exponentially over the past few years. Forbes reports that her main source of income is record sales, tours, souvenir sales, collaborations with multi-sector brands including Capital One, AT&T, Stella McCartney, Elizabeth Arden, American Express, Keds, Diet Coke, Walmart and Apple.
According to the Guardian, the singer grossed $230 million after releasing his 10th studio album Midnights of 2022. After two weeks of release, the product hit many records: Occupying all positions in the Top 10 of the Billboard Hot 100, the most streams on Spotify worldwide on its first day (185 million), and ranking third in its first week of release (549 million), the largest vinyl sales in a single week according to Nielsen history. The album has sold over 1.6 million copies in the United States and over 3 million copies internationally.
Forbes said Taylor earned $52 million in 2021 after re-recording and releasing Red and Fearless (Taylor’s version). In addition, some of her income that year came from contracts with Starbucks and American media and fitness equipment company Peloton.
Touring is the star’s most money-making activity. According to the Los Angeles Times, her 1989 world tour earned her more than $250 million in 2015. In 2018, Taylor earned $315 million thanks to the Reputation Stadium Tour with more than 2.6 million tickets sold. Now the Eras Tour could make her a billionaire when it is expected to reach $ 1.4 billion by 2024, becoming the first tour by an artist with revenue exceeding the billion dollar mark.
Taylor Swift performing on her Eras Tour in the US. Photo: Instagram Taylor Swift
Tours not only bring in money by selling tickets, but also by selling souvenirs. Forbes estimates that when each item such as bags, shirts, and keychains costs an average of $ 80, the total revenue from these items can reach $ 87 million.
In addition to music, Taylor Swift invests financially. In 2022, she pulled out of Sam Bankman-Fried’s $100 million sponsorship deal with FTX after suspecting the company of selling “unregistered securities.” Currently, the exchange is bankrupt. Many other celebrities such as Tom Brady and Stephen Curry have been sued for supporting the company.
Taylor Swift also knows how to spend money. The beauty’s real estate portfolio is now worth $80 million, with eight units in four states. In Nashville, she owns a 301-square-foot apartment worth an estimated $3 million, a Greek-style property of more than 520 square meters worth $2.5 million. In Beverly Hill (Los Angeles), Taylor has a mansion of 1,020 m2, nearly $ 32 million.
According to the New York Post, she has a 1,114-square-foot property with sea views in Watch Hill, Rhode Island, worth $17.75 million. This place once inspired the singer to write the song The Last Great American Dynasty. In addition, she has four homes in New York and Tribeca with an estimated net worth of $40 million.
To facilitate travel between places, the singer spends money on the purchase of two Dassault private jets. According to SCMP, Taylor has not disclosed the purchase cost, but Elon Musk owns a similar plane that costs about $ 26 million. Single, she often invites her friends out to dinner at lavish, romantic places in New York such as The Fat Radish, The Spotted Pig, Sarabeth’s and L’Asso.
Taylor Swift’s 1,020-square-foot mansion in Beverly Hills is worth nearly $32 million. This place, built in 1934, once belonged to Hollywood film producer – Samuel Goldwyn. Photo: E!
Taylor is known for being generous, often donating to charitable foundations, disadvantaged people. According to People, on his 24th birthday, the star donated $100,000 to the symphony orchestra in Nashville.
She has donated one million dollars to flood victims in Louisiana and $500,000 to flood relief in Nashville. She raised $750,000 through her 2011 Speak Now Help Now benefit concert for victims of a natural disaster in the American South. The singer also donated $4 million to the Country Music Hall of Fame to fund the Taylor Swift Education Center, donating $50,000 to New York public schools.
According to Rolling Stone, in 2016, Taylor gave $250,000 to Kesha to help the singer pay legal fees in a lawsuit against music producer Dr. Luke for sexual abuse. Kesha told Rolling Stone: “Taylor Swift is so sweet, sincere and incredibly generous. My mom doesn’t always answer the phone when I call, but Taylor always does.”
According to USA Today, in 2020, Taylor donated $50,000 to a mother of five who lost her husband to Covid-19 days before Christmas. Recently, she donated to food banks across America. According to TMZ, ahead of her July 29 concert in Santa Clara, California, the singer spent $5 million, rewarding 50 truck drivers with equipment and props for her tour across the United States. In addition to drivers, she rewards band members, dancers, sound and lighting technicians, caterers and others.
Taylor Swift, 33, is an American singer-songwriter who rose to prominence on country music in 2006. After 10 albums, she received 12 Grammy Awards and 29 Billboard Awards. Thanks to her musical talent and smart investment, she became one of the richest female singers in the world.
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