Taylor Swift, an American pop singer, is anticipated to earn $4.1 billion from her well-liked “Eras” tour.
As a result, Taylor now controls the most successful concert tour in American history and will not only be enriching her personal wallet but also the country’s economy.
Peter Cohan, an MBA instructor at Massachusetts’ Babson College, has estimated Taylor’s multi-billion dollar fortune. He claims that after performing the calculations for The Washington Post, he discovered some startling data.
The estimated cut Taylor would receive would be greater than the annual economic output of 42 nations, and a $4.1 billion profit would be sufficient to send each American a little over $17.
Taylor will mostly profit from ticket sales and the sale of her highly sought-after merchandise, while hotels in the locations where the “Eras” tour makes stops will bring in $208 million, and that is only when the performances are actually taking place. In actuality, most visitors stay for at least an additional day.
The “Eras” tour has a tremendous impact on the economy as well. For instance, her six performances at SoFi Stadium in Los Angeles contributed $320 million to the local economy, while her performances in Denver increased revenue by $140 million and by $48 million respectively for the economies of Kansas City and Cincinnati.
The singer is already giving away her money. She just offered her concert staff incentives totaling more than $50 million and an extra $100k to each truck driver who transported her tour equipment throughout the nation.
She might also make more money from her concert movie, “Eras Tour,” which is in high demand in theaters and has surpassed $100 million in presales globally.
