Taylor Swift Net Worth 2023: Hitmaker Is Now A Billionaire [DETAILS]

Taylor Swift is now a billionaire, and she is the first artist to reach this milestone by solely making music.

According to Forbes Magazine, the "You Belong With Me" singer boasts a net worth of $1.1 billion, and she has been working towards this goal for years now.

The publication saw a spike in Swift's net worth back in 2014, around the time her chart-topping hit album, "1989" was released, followed by in 2018 a year succeeding the release of another chart-topping album, "Reputation."

Swift earns all of her coin from making music and all the related avenues of it-releasing albums, tours, performances, appearances, commercials, merchandise, and the like.

Taylor Swift's 'The Eras' Tour

Looking at Swift's wealth history, which follows her net worth since 2014, indicated on the Forbes website, it is seen that Swift has seen a major increase in wealth during each album cycle.

After dropping "1989" in 2014, she embarked on the "1989 World Tour" shortly after, and after "Reputation," she went on the "Reputation Stadium Tour."

Since then, though, the singer has released several more albums: "Lover," "Folklore," "Evermore," and "Midnights," which all garnered much commercial success and critical acclaim.

Due to the pandemic, however, Swift had to postpone the accompanying tours for the albums.

The moment the world opened back up in 2023, she announced her first tour in years, "the Eras" tour, which will cover all the albums she released in her 17 years of being an artist.

According to reports, "The Eras" tour is arguably the main contributor to the spike in Swift's net worth. The first leg of the tour earned an estimated $190 million.

Not only did she earn a lot following each show on "The Eras" tour, local economies also won big.

"She's like a big corporation, essentially, operating in many sectors," said Carolyn Sloan, a labor economist and Chicago professor.

"Her audience has skewed so young and so female for so long that people may have underestimated how big this thing could be, economically. I don't think anybody doubts that today."

READ MORE: Taylor Swift Reunites With Travis Kelce For The Holidays, Packers-Chiefs Game Right After 'The Eras' Tour

Taylor Swift, An Economist

Bloomberg called Swift a "great economist," and noted that her relationship with her fanbase, which was cultivated throughout the years is one of the reasons she can pull off big ideas.

"Taylor has great ideas, is able to scale her ideas, and seems to be pretty risk-seeking," the publication added.

READ ALSO: Taylor Swift As Time Magazine 2023 Person of the Year: Who is She Going Against?