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The singer is the first artist to achieve such wealth purely through music
Taylor Swift was officially named a member of the three-comma-club on 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 on the basis of 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.
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 April 19.
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.
Swift was born in Pennsylvania on December 13, 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 very publicized 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.
