Taylor Swift’s net worth: $360 million
Taylor Swift’s huge net worth is the result of 13 years of hard work.
She started as a country musician when she was 16, and three years later, Taylor was the top-selling artist in the U.S.
Then, she took a gamble and switched to pop. It paid off, and she became a bigger star with a bigger paycheck.
Last year alone, Taylor earned $185 million (pre-tax), mostly thanks to her tour Reputation. Two years before, she made $170 million. Both years Forbes named her the highest-earning celebrity of the year.
So, to put things in perspective: on average, Taylor Swift made $15 million a month in 2018. Or $513,000 a day, or $21,400 an hour. That is 356 dollars every minute. Unless you are billionaire Jeff Bezos, that is certainly aspirational.
Most of Taylor’s money comes from touring. But she also pockets sizable sums from endorsements, merchandise, record deals, and the streaming of her music.
And when it comes to spending her well-earned dollars, Taylor Swift has an eye for the good life. She owns beautiful homes, airplanes, and likes to treat herself by dining in elegant restaurants.
And she not only pampers herself, the generous singer is also known for her contribution to charitable causes.
Work it: How Taylor Swift makes her money
Taylor’s money-making tours
Her five world tours have contributed the most to her $360 million net worth:
The Fearless Tour (2009-2010) grossed $63.7 million
The Speak Now World Tour (2011-2012), $123 million
The Red Tour (2013-2014), $150.2 million
The 1989 World Tour (2015), $250 million
The Reputation Stadium Tour (2018), $345 million
As you can see, Taylor Swift has been a busy bee, touring every year from 2009 to 2015. Then, she took a break and toured again in 2018.
Her newest tour, Reputation, broke the record for the highest-grossing domestic tour in the United States. It earned $266 million. The previous record holders were the Rolling Stones, who made $245 million with their Bigger Bang Tour from 2005 to 2007.
During the Reputation tour, she played 53 stadiums on 4 continents.
Worldwide, the tour earned $345 million. That means that, on average, each show grossed the impressive sum of 6,5 million dollars. Certainly, only a fraction of that goes into Taylor’s own pocket. But she does personally earn at least $1 million per show.
Merchandise: Taylor everywhere
Taylor has an online store for her merchandise. There you can find 65-dollar sweatshirts, purses, iPhone skins, shirts, 30-dollar rings, keychains… you name it.
And all the merch has Taylor-inspired patterns. For example, she is now promoting her album Lover, so the rings are heart-shaped, the shirts sport the album’s cover, and the phone skins say ‘Lover‘ over a glittery background.
But the business savvy singer does more than just sell it online. At every concert, there are outlets where fans can buy official merchandise. A bit like going to Disney World, entering an attraction like Pirates of the Caribbean and finding that you exit the ride inside a store full of Pirates of the Caribbean’s merch. In the excitement, someone is sure to buy at least a pirate mug. Taylor has learnt from Disney.
Billboard estimates that she sells $17 of merchandise per ticket at every show. So when she plays a 50,000-seat arena, she makes $850,000 in merch sales.
Adding to her net worth one endorsement at a time
She also endorses other brands. In 2013, she signed a contract with Diet Coke. Reportedly, she made $26 million with the 5-year deal. On top of appearing in their ads, the singer released unique content, like behind-the-scenes takes from her tours, that could only be accessed through Diet Coke’s social media.
From 2010 to 2012, she promoted the Cyber-shot cameras from Sony; in 2014, she was chosen as New York City’s tourism ambassador; and in 2015, just months after she and Apple had a little confrontation about royalties, Apple Music named her their ambassador. The move proved a wise one: after partnering with Taylor, Apple gained 6.5 million new paid subscribers.
And in 2019, she launched merchandise designed by Stella McCartney.
Those deals are very healthy for Taylor’s net worth. By 2016, she had earned $111 million in endorsements.
Taylor Swift’s perfumes
Every celebrity has to have theirs. Taylor has 5: Wonderstruck (2011), Wonderstruck Enchanted (2012), Taylor by Taylor Swift (2013), Made of Starlight (2014), and Incredible things (2014).
Taylor Swift knows how to negotiate a record deal
When Taylor was 16, she signed a 13-year contract with Big Machine Label Group. Her contract expired last year, 2018, and she did not renew it since the company was about to be sold.
The buyer ended up being Scooter Braun, the talent manager that represents Justin Bieber and Ariana Grande. But with whom Taylor does not have a cozy relationship. So the master tapes of her last 6 albums now belong to Braun, a fact that upset Taylor.
But she learned from that oversight. Taylor negotiated a better contract this time with her new label, Universal Music Group. She will own all her future master tapes, and therefore all the rights to her songs.
Plus, insiders believe Taylor signed with Universal for $100 to $200 million.
Streaming and royalties
Streaming services like Spotify are fantastic for the public, who gets to listen to free music. But some musicians think it is not so great for them since they get about $0.00437 each time one of their songs is streamed.
In 2014, Taylor Swift asked Spotify to pay the musicians more. When Spotify declined because that was not their business model, the singer pulled her music from the platform.
The following year, she asked Apple Music not to ask the artists to give away their music for free for 3 months, which is something Apple was contemplating. Apple speedily dropped the idea. A few months later, they asked Taylor to be the face of Apple Music.
Evolution of Taylor Swift’s net worth
2006: $8.5 million. When she was 17 years old.
2007: $16 million
2009: $57 million
2010: $70 million
2011: $120 million
2013: $200 million
2015: $290 million
2019: $360 million
Spend it like Taylor
Taylor’s take on houses: the more the merrier
The singer has a soft spot for real estate. She has sold some of the smaller properties she bought early on in her career, but she keeps 7.
The combined worth of those 7 is $93 million.
1) Nashville pad (3,240 ft2 / 300 m2). When the pop star was 19, she bought a $2 million apartment in Nashville’s fanciest glass building. It stands in the Music Row district, where all the labels and recording studios are located.
2) Nashville house (5,600 ft2 / 520 m2). Two years later, she bought a second home in Nashville. This time in the suburbs for peace and quiet. The $2.85-million house has 4 bedrooms and 4 1/2 bathrooms, a pool, and a 2,000 ft2 guest house.
3) Rhode Island house (12,000 ft2 / 1,100 m2). Possibly her most famous property given that she has thrown parties there. Taylor bought it in 2013 when she was dating one of the Kennedys. His family has houses in the area. The relationship with Kennedy did not last, but the singer fell in love with the neighborhood. So she bought this ocean-front house for $17.75 million. It is her largest house. It has 8 bedrooms and 10 bathrooms and sits on 5 acres of land.
4) Beverly Hills house (11,000 ft2 / 1,000 m2). She bought it when she was 25. And at $25 million, it is the most expensive of her properties. Film producer Samuel Goldwyn built it in 1934. It has 6 bedrooms, 5 bathrooms, a tennis court, and guest houses. Taylor wants to turn it into a historic landmark. She already received the approval of the Beverly Hills Cultural Heritage Commission.
5) New York penthouse (8,300 ft2 / 770 m2). She bought two adjacent penthouses in 2014 in Tribeca and joined them. Now she has 10 bedrooms and 10 bathrooms. And the duplex is worth some $20 million.
6) New York townhouse (5,150 ft2 / 480 m2). Right next to her duplex is this three-story townhouse that Taylor bought in 2017 for $18 million. It has heated floors, a bar, gym, home theater, and an apartment for guests.
7) New York apartment (3,540 ft2 / 328 m2). In 2018, she bought another apartment in the same building where she has her duplex. She purchased it for $9.75 million.
She has joined her three NY properties . The first floor of the townhouse was turned into a garage. So now the singer can swiftly come in and out of her compound without being photographed by the media.
Private planes to get from A to B
The singer travels a lot for work, so it is not surprising that she has a private plane. Insiders believe it is a Dassault-Breguet Mystere Falcon 900. She would have bought it in 2011, probably for some $40 million. A Dassault has 12 seats.
She is rumored to have a second plane similar to the first one.
She uses them for work, but Taylor is also known to take vacations around the world. And the plane probably comes in handy now that she has a long-term relationship with actor Joe Alwyn. He lives in England, she lives in the United States.
The singer is also known for her generosity.
Swift donated $1 million during the Louisiana floods and $500,000 for the Nashville ones. And she raised $750,000 for tornado victims in 2011.
Taylor supports education and the arts as well: she gave $100,000 to the Nashville Symphony some time back and has pledged $4 million for an education center of the Country Music Hall of Fame.
But many of her donations remain unknown. For example, in 2018, a fan disclosed that the singer had quietly bought her a house in 2015. Taylor’s fan was pregnant and homeless. When the singer found out, she bought her a home and all the baby stuff.
Taylor Swift’s short bio
Taylor’s beginnings in music and business
Taylor is very close to her parents, who have helped her and supported her throughout her career. Her mom toured with her, and one of her parents was always present at her concerts until a few years ago.
Taylor inherits her business savvy from her dad. Scott Swift is an investment adviser for Merrill Lynch and descends from three generations of bank presidents. While her mom is a former marketing executive who helped Taylor with her early branding.
Taylor was born in Reading, Pennsylvania, on December 13, 1989. The Swifts moved to a Christmas tree farm, where Taylor grew up singing and writing songs.
By 10, she wanted to be a country singer. Her mom supported her by driving her to Nashville one Spring Break. Taylor literally knocked on music executives’ doors and delivered her demos. She would say, “Hi, I’m Taylor. I’m 11. I want a record deal. Call me.”
When that did not work, she realized she had to stand out.
She took guitar and singing lessons, and at 12, wrote her first song. On the weekends, she sang at any gig that would have her: fairs, karaokes. Then, after watching a documentary on her idol Faith Hill, she concluded she had to live in Nashville.
At 14, she got signed by Sony, so her dad transferred to the Merrill Lynch office in Tennessee. The family moved there to a large lake-front house. But her parents never told her they had moved for her so that she would not feel any pressure.
Taylor left Sony, and at 16, signed with a label that had just opened, Big Machine Records. Taylor’s dad invested $120,000 in the new company.
In October 2006, Taylor released her debut album called Taylor Swift, and her career took off.
Taylor Swift has won 10 Grammys; 23 American Music Awards, breaking Whitney Houston’s record; 23 Billboard Music Awards, which is a female record; 26 Teen Choice Awards, the most by any solo artist; 9 Academy Country Music Awards; 20 Billboard Music Awards; 10 iHeart Music Awards; 10 MTV Video Music Awards; 11 People Choice Awards; and the list goes on. In total, she has won 294 awards.
She has also broken 7 Guinness World Records. She has been listed as one of the most influential people by Time twice, in 2015 and 2019, and was named Billboard Woman of the Year in 2014.