In a remarkable feat, Taylor Swift became a billionaire on Thursday - 17 years after she became one of the music industry's most successful stars.
According to reports from Bloomberg, the "Blank Space" singer is now counted among an elite group that includes Kim Kardashian and Oprah Winfrey. Taylor Swift has a net worth past $1 billion.
Fueled by her record-breaking "The Eras" Tour, the multi-Grammy Award-winning singer's net worth has skyrocketed to new heights, with expectations that it might even become one of history's highest-grossing tours.
Her 53 concerts performed in America have had an economic impact as well - they have contributed $4.3 billion to US gross domestic product.
The impressive tour that Taylor Swift embarked on resulted in plentiful rewards for the artist and her fans.
Substantial success was achieved through travel, ticket sales, and merchandise.
According to an analysis, these figures are only a tiny portion of what can be assumed from her assets like music streaming deals and considerable real estate investments.
The assessment is considered "conservative" as it depends solely upon publicly known data.
Beginning in March 2023, Taylor launched her highly-anticipated "The Eras" Tour in the United States amidst a Ticketmaster controversy in November.
Many devoted Swifties were unable to purchase tickets for the show due to server issues; instead, the seats were quickly claimed by resellers.
Amid the confusion, Taylor voiced her opinion and expressed that she was just as angry as everyone else.
Original ticket prices ranged from $49 to $499 but reached sky-high prices on sites like StubHub and SeatGeek; people paid thousands for one single ticket.
In an August interview with US News, SeatGeek reported that the average resale ticket price for Taylor Swift's "The Eras" Tour was an incredible $1,619.
READ ALSO: Taylor Swift Fans Outraged After Seeing Her With THIS Person: ' Someone Inform Her Security!'
The Washington Post estimated that the superstar will make a historic $4.1 billion from the success of her tour - the most any artist has ever made from a single tour.
Taylor Swift's wealth is primarily attributed to earning 85% of all revenue, which is standard in the music industry.
Reaching a new level of success, "The Eras" Tour movie has already been seen by millions around the globe.
After generating over $80 million in pre-sales alone, the film was released on October 13 and has since made an incredible $130 million.
This cinematic experience was created during one of the six sold-out performances at SoFi Stadium last August that was part of Taylor's tour.
It was a big success for AMC when Taylor turned to them directly, cutting out any middleman. She and her family had grown tired of dealing with other distributors.
Consequently, AMC began contracting with rival theater chains to let them screen her film as well.
Given that it is not part of AMC's A-list subscription plan and tickets are more expensive than normal, Taylor Swift's movie has proven to be an excellent moneymaker for both AMC and herself.
