Famous as a pop star with catchy melodies composed by herself, female singer Taylor Swift is now also known as one of the female billionaires with financial stories that many people are interested in.

Female singer Taylor Swift

“The year of Taylor Swift” is a phrase mentioned by many fans of the singer when talking about 2023. On October 23, right after the extremely successful world tour called The Eras Tour, Taylor Swift has officially “enrolled” in the world billionaires rankings with a net worth of up to 1.1 billion USD, according to data from Bloomberg Billionaires Index.

It was also at this time that Taylor Swift transformed herself from a simple pop singer to a female billionaire receiving great attention from the media and financial community.

Unlike other artists who expand their income through many different business projects, Taylor Swift chooses a different approach, namely considering music as her main business. According to Bloomberg’s in-depth analysis: “Swift’s wealth comes almost exclusively from music.”

So, where exactly does the singer’s wealth come from? According to analysts, in large part, the female singer’s success is thanks to online music streaming platforms such as Spotify and Apple Music. Her total income from streaming alone is up to 175 million USD.

Usually, singers own the original copies of their songs, and then they get paid a portion of the money when listeners play their songs. This process is also known as “royalty fees”. The difference here is that Taylor Swift not only received copyright fees for a song, but she also decided to record old albums and create copies of her own songs.

Not only that, Taylor Swift also negotiates with music streaming platforms like Spotify to ensure better rights for her songs. Previously, Taylor Swift once forcefully removed all songs from this platform because she felt they did not receive enough attention.

Staying close to physical album sales, interacting directly with fans and being active on social networks has helped the female singer earn $125 million by maintaining these activities over the years. At the same time, the real estate the female singer owns in Nashville, LA… is also estimated to be about 110 million USD.

Besides, as the 2023 media mentioned many times, The Eras Tour and the movie recreating this tour are also key factors helping her assets skyrocket in 2023.

However, the epic tour that brought in $1.6 billion in revenue last year was just the beginning. According to the plan, the tour is expected to continue to be held this year, promising to bring Taylor Swift more huge revenues.

To date, with a huge fortune earned by living with her true passion, Taylor Swift is one of the rare entertainers to become a billionaire solely by focusing on her music and performances.