After confirming that Taylor Swift’s assets exceed $1 billion, Forbes magazine also affirmed that Taylor Swift is not only an artist but also a model of an excellent businessman.
To achieve success today, Taylor Swift always has strong motivation when pursuing her goals. The 34-year-old singer shared that since she was a teenager, she wanted to realize her dreams on her own. Swift’s first goal was to document her early years with an album. She composed songs with a professional musician once a week after school.
Taylor’s first major single and album was released when she was 16 years old and it stayed at number 5 on the US Billboard 200 chart for 275 weeks. From that first step, Swift has built a fortune worth $1.1 billion to this day.
Taylor Swift shines brightly in a show
The Harvard Gazette reported that Taylor Swift’s The Eras Tour could be the “highest-grossing tour of all time”, reaching $1.4 billion. According to The Wall Street Journal, this was the first tour to generate more than $1 billion in revenue.
The film version of the singer’s tour has also broken box office records, to date earning nearly 262 million USD. Taylor Swift has a way of releasing movies unlike any other producer. Instead of going through the studios, she released it directly with the AMC theater chain. “I did what I usually do… which is bet on myself,” she shared.
To date, Taylor’s four Versions albums have earned more than $55 million, and Swift has created a sizable economic impact nationwide. Bloomberg Economics estimates that Swift’s 53 concerts in the US in 2023 will add $4.3 billion to gross domestic product (GDP). The U.S. Federal Reserve said Swift’s concerts caused an influx of tourism dollars into show cities. The U.S. Travel Association estimates that Swift’s fans, the “Swifties,” spent an average of $1,300 each on concerts. It is estimated that the total economic impact could exceed $10 billion.
T he Eras Tour will likely be the highest-grossing tour of all time
With what she has shown in building her image and organizing tours, Taylor Swift is said by Forbes that she has a lot of personality for businessmen to follow. Throughout her career, Taylor Swift has faced public scrutiny, criticism, and challenges to overcome herself. Despite all obstacles, she always resiliently overcomes challenges, determined to continue pursuing her goals with outstanding ability and adaptability in the whirlwind of the music industry. From moving between music genres to adopting new technologies and platforms to distribute and promote products, she has proven the importance of staying flexible and open to innovation.
As a musician and performer, Swift is famous for her creativity and originality in music, in creating music videos and organizing performances. She is willing to experiment with new styles, constantly creating unique experiences for the audience.
One of Swift’s most notable strengths is her ability to connect with fans and maintain a loyal fan base. Recently, more than 96,000 fans gathered at Australia’s Melbourne Cricket Club for three nights to see her. Swift pays special attention to fans’ emotions, connecting sincerely in interactions with fans. This helped her build a strong and lasting brand.
Taylor Swift is considered a symbol of a successful businessman
In addition to musical talent, Swift also demonstrates business acumen. Negotiating deals herself, she is now building a very successful Taylor Swift brand.
Swift’s support for artists’ rights and gender equality has inspired many. She uses her fame to create positive change in the world. She also often helps fans who are in trouble due to natural disasters.
Another very special thing about Swift is how she cares about using her name to support small businesses and brands founded by women. Swift often appears at her boyfriend’s matches wearing Chiefs-branded apparel and accessories. NBC News said most of the Chiefs costumes and accessories she used came from local stores. According to Business Insider, the sales of some small businesses increased by 3,000% after Swift used their costumes and accessories.
