At 33 years old, Taylor Swift is now part of the billionaire club, according to an analysis released by Bloomberg on October 26. The agency, which manages the Bloomberg Billionaires Index, reported that Swift’s total net worth reached the US$1.1 billion mark, driven largely by successful The Eras Tour.
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This billion-dollar achievement not only solidified Taylor Swift’s position in the music industry, but also had a notable impact on the United States economy. Bloomberg noted that Swift is one of the few artists to achieve this exclusive status based strictly on her music and live performance.
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Additionally, the tour proved to be a smash hit at the cinema, with the concert film “Taylor Swift: The Eras Tour” grossing an impressive $96 million in its release in the United States and Canada, setting a record as the highest-grossing debut in a weekend in its category, according to AMC.
Taylor Swift has become a true cultural phenomenon, having a significant economic impact in North America. In the cities where the artist performed, there was a notable increase in the use of public transport and an explosion in hotel occupancy. One notable example was Santa Clara, a technology-rich city located in Northern California, which temporarily adopted the name “Swiftie Clara.” In Seattle, the infectious energy of Swift fans caused seismic activity comparable to a magnitude 2.3 earthquake, as reported by a seismologist.