NEWS IN: Taylor Swift Didn’t Need Lucrative Side Hustles To Become A Billionaire

According to Forbes, there are more billionaires than ever before (141 more than last year and 26 more than the 2021 record), with their collective worth reaching $14.2 trillion. Swift’s inclusion comes after Forbes declared the singer a billionaire in October 2023 and reported her net worth at $1.1 billion.

In a rare feat, Swift is the first musician to reach the milestone solely from songwriting and performing. Her fortune doesn’t largely derive from profitable side hustles (think: beauty brands, fashion lines, alcohol investments, etc.), which have been typical avenues for entertainers to become billionaires in recent years. This puts her in a unique category with artists like Bruce Springsteen, who earned $1 billion from on the road touring.More than $500 million of Swift’s fortune is from music royalties and touring. She made an estimated $190 million after taxes from the first leg of the Eras tour and another $35 million from the first two weeks of screenings of the corresponding concert film, Taylor Swift: The Eras Tour, which became the highest-grossing concert movie in history.