Taylor Swift has been living out her “Wildest Dreams” with the Eras Tour and a blockbuster concert film by the identical name, sending the pop star’s net price to $1.1 billion, in accordance with Bloomberg.
The 33-year-old songstress had amassed a fortune of $740 million in June, in accordance with Forbes, which said the sum made her the second-richest self-made woman in music — ahead of Madonna and Beyonce, but behind Rihanna, whose net price on the time was pegged at $1.4 billion.
Meanwhile, the Eras Tour — which began in March and is slated to run through November 2024 — has racked up greater than $700 million in ticket sales up to now, in accordance with Bloomberg. That’s not to say sales of merch commemorating the record-breaking show, which incorporates $75 hoodies, $55 long-sleeve shirts, and $45 T-shirts.
Fans also made a swift run to the box office when “Taylor Swift: The Eras Tour” film based on her concert tour was released on Oct. 13, though the flick had already done over $100 million in presales.
The typical “Eras Tour” ticket costs $254 per person, in accordance with Bloomberg, though it seems many fans have coughed up rather more than that, with tales of superfans in search of last-minute seats reportedly spending as much as $10,000.
Taylor Swift, 33, has amassed a fortune of $1.1 billion, per Bloomberg — up from the $740 million net price Forbes reported she had in June.AFP via Getty Images
The songstress’ success has been attributed to the smashing success of her three-hour, 44-song concert, “The Eras Tour.”Getty Images for TAS Rights Management
Preview showings of the movie that Swift released the day before the nationwide drop of the film reportedly raked in $2.8 million.
The film, which follows Swift as she performs her 44-song setlist during a six-night run on the SoFi Stadium in Inglewood, Calif., is playing at AMC, Regal, and Cinemark theaters across the US for the following 13 weeks, until Jan. 12, 2024.
Loyal Swifties have shelled out a lot for tickets and hotel rooms that the show has spurred growth within the economy of every of the cities it’s stopped at.
Dan Fleetwood, the president of QuestionPro Research and Insights, told The Post earlier this 12 months that the economic impact of Swift is larger than dozens of nations, because the Eras Tour is estimated to generate $5 billion alone.
In Pittsburgh, an estimated 24,000 hotel rooms were booked at “premium” prices by fans making the “Eras Tour” pilgrimage back in June for the three-hour set, while tourists drummed up more traffic than usual for local businesses, from parking garages to restaurants.
Fans are also shelling out top dollar for themed outfits to pose in for social media posts.
In actual fact, in comparison with that of a Steelers game, Pittsburgh Swift fans generated 20% or 25% more in revenue and record-breaking food sales for local hot spots within the Pennsylvania metro, in accordance with reports.
“Taylor Swift: The Eras Tour” film has smashed box office records, raking in greater than $100 million in presales.AFP via Getty Images
In Minneapolis, the “Eras Tour” generated nearly $6 million in hotel revenue — in comparison with the identical weekend a 12 months prior, when a traditional weekend raked in only $2.7 million, in accordance with Bloomberg.
When Swift performed in Seattle, downtown hotel revenues jumped to a record high of $7.4 million on the primary night of the concert, per Bloomberg data.
In Tampa, visitor spending was up 26% throughout the event versus the 2 weeks before and after, and Houston’s city-wide revenue surged a whopping 136%, to $34 million, when the “Eras Tour” stopped in the town versus the identical period in 2019, in accordance with Bloomberg.
However the phenomenon is just not exclusive to the US or simply Swift — the “Shake It Off” songstress is soon heading overseas, where she’ll little question make an economic impact when she lands in Buenos Aires, Argentina, for her first international stop on Nov. 9.
The so-called “Taylor Swift economy” has even prolonged into the world of sports, as Swift’s apparent romance with NFL star Travis Kelce has sent sales of his jersey skyrocketing greater than 400%.
The flick follows Swift as she performs her “Eras Tour” show during a six-night run on the SoFi Stadium in Inglewood, Calif. The movie is playing in theaters across the US now through January 2024.News Licensing / MEGA
When tickets first dropped in November 2022, a frenzy of consumers rushed to Ticketmaster, causing a technical fiasco that inflated prices to the purpose where $700 seats were considered “low-cost” and made Ticketmaster cancel its general public ticket sale for the tour in a shock move.
Swift still has 89 more shows to go.
All of the while, Swift has managed to keep up her hometown girl-with-a-guitar image that she was beloved for when she first broke out on the music scene as a teen country pop star around 2005 when she signed with Big Machine Records aged 14.
Filings with the Securities and Exchange Commission show that registered investment advisor The Swift Group — headed by Swift’s father, a longtime Merrill worker — is linked to 10 corporations, including merchandising and rights-management businesses and entities that own her tour bus, jets, and real estate, in accordance with Bloomberg.
Swift’s sprawling real estate portfolio is reportedly price over $80 million and includes this townhome that spans nearly a block in Latest York City’s Tribeca neighborhood.Erik Thomas/NY Post
Swift also has a ritzy beachfront property in Rhode Island that she bought for $17.75 million.© Ryan Turgeon/ /Splash News/Corbis
As she has turn into a global popular culture sensation, Swift has stockpiled an actual estate portfolio to match price upwards of $80 million.
Swift just about bought a complete block of Latest York City’s Tribeca neighborhood for $47.7 million, starting together with her purchase of two adjoining penthouses in 2014 for $19.95 million.
In 2018, she bought the second-floor complex of the constructing for nearly $10 million. The unit, which she bought from financier Jeremy Phillips in an off-market deal, spans 3,540 square feet.
In 2017, she purchased a 100-year-old, four-story townhouse round the corner for $18 million. The three-story townhouse on Franklin Street comes with a gym, a spa, antique French wide-plank oak floors, and a planted terrace with a Japanese paper glass wall.
The property — which has reportedly undergone over $1 million in renovations over time — has seven bedrooms and 6 bathrooms and features a three-bedroom apartment round the corner for Swift’s security team.
Swift also owns two private jets — all while maintaining her hometown girl-with-a-guitar image.Getty Images
Most recently, the singer’s former townhouse in Manhattan’s West Village — which she rented in 2016 while waiting out the renovations of her combination penthouse unit in Tribeca — listed on the market asking $17.99 million. What’s more, it’s the house that inspired her “Cornelia Street” tune.
She also has a 12,000-square-foot mansion in Rhode Island set on five acres on top of the very best point in Watch Hill, which she paid $17.75 million for.
It’s rumored that her song “The Last Great American Dynasty” was inspired by this property.
She also has multiple abodes in Nashville, Tenn., including a $1.9 million home that she bought when she was just 20 years old, and a $2.5 million Greek revival estate generally known as the Northumberland Estate she scooped up in 2011.
Swift has also hung onto a Los Angeles property since 2015 — a 1934 Georgian Revival estate she purchased for a whopping $25 million. The seven-bedroom and eight-bathroom home spans 10,982 square feet.
She also owns two private jets.
