Taylor Swift Officially Declared A Billionaire By Forbes.
Aside from her music endeavors, Swift has also made significant investments in real estate, owning properties in New York, Beverly Hills, Nashville, and a coastal mansion in Rhode Island.
New York: Taylor Swift was officially named a member of the three-comma-club Tuesday, as Forbes confirmed rumors estimating her wealth exceeds a billion dollars. The financial news outlet said she is the first artist to achieve billionaire status solely on the basis of her music, and estimated she has a $1.1 billion fortune. Other industry heavyweights who’ve hit the mark – Rihanna and Jay-Z among them – have earned their massive wealth in part via fashion brands, alcohol companies or entertainment holdings, among other interests.
Born in Pennsylvania on December 13, 1989, Swift began her professional songwriting career during her teenage years, eventually signing with Nashville’s Big Machine Records as a country artist.
Transitioning to pop music and securing a major deal with Universal, Swift found herself embroiled in a highly publicised feud with Big Machine Records. The sale of her song catalogue to a private equity firm ignited a significant dispute regarding musicians’ rights, marking a pivotal moment in Swift’s career.
In response to the controversy, Swift made a bold pledge to re-record her first six albums to regain ownership of their rights. She has since taken steps to fulfill this promise, encouraging her fans to support “Taylor’s Version” of her music over previous releases.
She has released several more original studio albums, her 11th album is due later in this month
