At only 25 years old, Taylor Swift has become one of the biggest musical acts in the entire world, and also one of the highest earning. Swift’s career got started when she moved to Nashville, Tennessee at 14 years old to become a country music star. Just three years later, Swift released her first album and became the youngest person to hit number one on the charts with a song that was written and performed by nobody else.
Swift established herself as more than just a flash in the pan in 2008 when she released “Fearless”, and it helped introduce her into the mainstream instead of just the country scene. Swift won four Grammys thanks to the album, including Album Of The Year. Since then, Swift has released three more albums (“Speak Now”, “Red” and “1989”) that have all had a massive array of chart topping hits.
Thanks to her achievements, Swift has already been honored by the Songwriters Hall of Fame, and is one of the best selling artists of all time with more than 40 million albums sold. Swift’s net worth is now astronomical, with some estimates saying that she is worth more than a quarter billion dollars
That wasn’t always the case, as when Swift was still fairly new to the scene in 2009 she was making $18 million. That’s nothing to scoff at, but it’s hard to become worth that much when making that amount per year. In 2010 and 2011, it’s estimated that Swift earned $45 million in each of those years.
Swift’s current tour, the “1989 Tour”, is a massive contributor to her net worth, as it’s estimated that the shows in 2015 have already brought in well over $300 million. Unfortunately, she doesn’t get all of that money since there are plenty of people that need to be paid, but she’s getting a sizeable chunk out of it.
Since achieving fame, a lot of companies have asked Swift to endorse them. The first big deal that Swift got for being a spokesperson came back in 2010 when she signed a $300,000 deal with CoverGirl. Swift has picked up endorsements along the way with sponsors such as Keds, LEI Jeans and Elizabeth Arden. Swift’s biggest endorsement, however, comes from Diet Coke. The company did not reveal how much her contract was worth, but estimates have put it upwards of $30 to $40 million.
Swift also took on streaming services recently, and it’s estimated that she’s getting about a penny for each song that gets played, but that certainly adds up. Merchandise sales have also been good to her, as she is making $15 million to $20 million in tour memorabilia alone. Swift is getting about $1.20 for each album that she sells, so that’s not close to being the biggest part of her income, but still a considerable amount at about $4-5 million.
In case that wasn’t enough, Swift also gets paid for making television appearances and has also done some acting on the side that include “CSI: Crime Scene Investigation”, “Valentine’s Day” and “The Lorax”. You almost can’t go anywhere without seeing Swift’s face on a billboard or television station, and you certainly can’t listen to a radio station without hearing one of her hit songs.
Estimates have said that after the expenses from her tour are taken into account, that Swift has earned at least $80 million, which is a staggering amount for anyone that’s not involved in the business world. In December 2015, Swift’s tour came to an end in Melbourne, Australia after seven months of being on the road.
Perhaps her 2016 earnings won’t be as high since she will likely be taking a break and doesn’t have an album scheduled to release in the year, but she will still be earning money from endorsements and royalties, meaning her net worth is only sure to go up. It’s only a matter of time until Swift pumps out another massive album and tour, and she may eventually become one of the few entertainers in history to be worth over $1 billion.
The only other singer that has achieved that mark without receiving a large inheritance from a famous family name, is Paul McCartney of The Beatles. It’s only a matter of time, since Swift is only in her mid 20’s, after all.