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While Taylor Swift’s net worth might not come close to the likes of wealthy businessmen Bill Gates and Mark Zuckerberg, the star is still very wealthy.
Taylor Swift is undoubtedly one of the most successful musicians of our time, according to various sources, Taylor Swift has a net worth of around $700m, although as most of her wealth is tied up in private businesses and property, this figure is subject to a lot of speculation.
In this article, we will delve into Taylor Swift’s net worth and explore how her success as an artist has helped her build the fortune she has today.
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The root of Taylor Swift’s net worth
Most successful singer-songwriters began with the hard work of playing for free, and Taylor Swift is no different. Born on December 13, 1989, in Reading, Pennsylvania, she showed an early interest in music and singing, starting out at age 10, she learned to play the guitar and began writing her own songs.
Swift’s big break came in 2006, when, at the age of just 17, she signed a record deal with Big Machine Records, a label Swift later regretted signing on with (more on that later).
Released later that year, her debut album was a critical and commercial success spawning several hit singles, including “Tim McGraw,” “Teardrops on My Guitar,” and “Our Song.” The latter became Taylor Swift’s first number-one hit on the Billboard Hot Country Songs chart.
Taylor Swift’s career began in the country music market, although her music quickly gained mass appeal. She went on to release her second album, “Fearless,” in 2008, which debuted at number one on the Billboard 200 chart and later went on to become the top-selling album of 2009.
After her early career success, Taylor Swift continued to dominate the music industry in the 2010s. In 2010, she released her third album, “Speak Now,” which debuted at number one on the Billboard 200 chart and featured hit singles such as “Mine,” “Back to December,” and “Mean.” The album showcased Swift’s growth as a songwriter and her willingness to experiment with different musical styles.
Swift’s success continued with the release of her fourth album, “Red,” in 2012. The album featured a more pop-oriented sound and included hit singles such as “We Are Never Ever Getting Back Together,” “I Knew You Were Trouble,” and “22.” The album debuted at number one on the Billboard 200 chart and cemented Swift’s status as one of the biggest pop stars in the world.
In 2014, Swift released her fifth album, “1989,” which marked a departure from her country roots and embraced a full pop sound. The album included hit singles such as “Shake It Off,” “Blank Space,” and “Bad Blood,” and won several awards, including the Grammy Award for Album of the Year. The album was a commercial and critical success and cemented Swift’s status as one of the most successful musicians of her generation.
Taylor Swift re-releasing her old albums
With Big Machine Records, Taylor Swift released some of her best-selling music. The contract with the record label lasted from 2005 to 2018, and when the deal was up, the artist switched to Universals’ Republic Records. However, Big Machine continues to own the original recordings of her first six albums.
Big Machine sold itself to private-equity group Ithaca Holdings, owned by music manager Scooter Braun, who Swift claims has bullied her. Although Ithaca sold the rights to her music to Shamrock Holdings for a reported $300m in 2019, Swift decided it was time to re-record her first six albums and keep the master recordings under her own control.
While motivated by personal reasons, this was also a savvy business decision. By keeping the rights to her music, Swift can keep all the royalties without having to split the takings with other investors.
How Taylor Swift’s net worth has grown
Most of the singer-songwriter’s wealth comes from her music sales and very lucrative tours.
Her Reputation stadium tour grossed over $345m in 2018, while her latest Eras stadium tour has generated a staggering $1.4bn in ticket sales.
Not all of this revenue goes to the artist, but Taylor Swift has plenty of other income streams.
She owns several properties, including a $50 million apartment in New York City and a $17 million beachfront mansion in Rhode Island and an interest in streaming service Tidal.
And like all celebrities, Taylor Swift has signed numerous sponsorship deals, partnering with major brands, including Coca-Cola, Keds, and CoverGirl. Swift is known for being very selective about the brands she works with – she only partners with those that align with her values and image. She also has a range of merchandise highly sought after by her fans.
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