Taylor Swift Joins Music’s Elite As She Earns Billionaire Status
Taylor Swift has cemented her status as one of music’s biggest stars by becoming one of the youngest self-made billionaires. The pop megastar’s business savvy has seen her amass a fortune that now exceeds $1 billion according to a new report.
The 32-year-old singer is mainly known for her chart-topping albums and hit singles, but it is her shrewd business decisions that have propelled her into the billionaire boys club. Swift owns the master recordings for her first six albums after controversially re-recording her catalogue, and her business interests extend far beyond music.
Swift’s Empire Goes Beyond Music
While most artists rely on touring and album sales, Taylor Swift has diversified her income streams. In addition to music, she has lucrative endorsement deals and a stake in a private jet charter company. But it is her savvy moves in the music industry that have really supercharged her bank balance. By taking control of her early masters, Swift now enjoys the ongoing revenue from her back catalogue that has spawned countless hits.
Swift’s business empire is still growing from strength to strength. Her recent re-recordings that have seen songs like “Love Story” and “You Belong With Me” top the charts once again are another way she is maximizing profits from her artistry. With new music also in the works, the future looks bright for the multi-million selling Taylor Swift.