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Taylor Swift’s new era as pop billionaire

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Taylor Swift, the beloved pop sensation, has ascended to the ranks of billionaires, marking a significant milestone in her already illustrious career.

With a combination of a record-breaking tour, a blockbuster movie, and astute business acumen, the 33-year-old singer-songwriter has amassed an estimated fortune of $1.1 billion.

Swift’s Eras tour, initially conceived as a retrospective of her nearly two-decade-long career and a celebration of her 10 iconic albums, has evolved into an unprecedented financial phenomenon.

With ticket sales soaring to a staggering $780 million, the tour is on track to become the highest-grossing tour of all time.

This monumental achievement has catapulted Swift into a new era of success, making her the first musician to attain billionaire status solely based on her songs and performances.

A significant portion of Swift’s meteoric rise to billionaire status can be attributed to her remarkable summer endeavors.

With an estimated $190 million in earnings from the tour’s first leg and an additional $35 million from the initial screenings of “Taylor Swift: The Eras Tour” movie, Swift’s financial empire continues to flourish.

FILE PHOTO: Singer Taylor Swift arrives to speak at the Toronto International Film Festival (TIFF) in Toronto, Ontario, Canada September 9, 2022. REUTERS/Mark Blinch/File Photo

Escalating value

More than $500 million of her fortune stems from music royalties and touring, while another $500 million is derived from the escalating value of her music catalog.

Additionally, Swift boasts $125 million in real estate assets, including six homes and a $10 million private plane.

Swift’s ascent comes amid a burgeoning trend of celebrity billionaires, with her being the 15th celebrity to achieve this milestone in Forbes’ rankings.

Unlike her peers, Swift’s wealth is primarily driven by her music career, distinguishing her from other billionaire musicians who have diversified their portfolios through lucrative side ventures.

Strategic move

A pivotal moment in Swift’s financial journey came with her strategic move to reclaim control of her master recordings, which were embroiled in a contentious dispute with music mogul Scooter Braun.

Following a bitter battle, Swift secured a lucrative distribution deal with Universal Music Group, granting her complete ownership and economic interest in her music.

This move, coupled with her unwavering dedication to her craft and her devoted fan base, has propelled the value of her music catalog to unprecedented heights.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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The EV transformation expands to legacy vehicles

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This week witnessed another milestone in the automotive industry as the legendary Mercedes-Benz G-Wagen embarked on its electric journey, aligning with global sustainability efforts.

Simultaneously, Toyota and Mazda debuted EV offerings tailored for the booming Chinese market, signalling a strategic shift towards collaboration with advanced Chinese partners.

While the electric G-Wagen promises both eco-friendliness and off-road prowess with its innovative design, questions arise about Japanese automakers’ perceived lag in EV development, countered by the strategic imperative to tap into the rapidly growing Chinese EV market. As automotive icons embrace electrification and traditional players adapt through partnerships, it’s clear that collaboration and innovation will drive the future of mobility.

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The degree dilemma, income shifts, debt, and dream homes

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As individuals face the daunting choice between paying off student debt, saving for a first home deposit, or exploring alternative options like rentvesting, careful consideration of various factors becomes imperative.

 

In the midst of these challenges, a couple in the inner north ingeniously employed a strategy to realise their dream of a larger home while managing HECS debt and affordability hurdles.

Rentvesting emerges as a viable solution for individuals grappling with the burdens of high HECS debt and property affordability issues.

Moreover, the decreasing income premium tied to a university degree is closely intertwined with changing economic dynamics and shifts in the job market, underscoring the need for innovative approaches to education and financial planning in today’s society.

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President Biden signs TikTok bill – what’s next?

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TikTok users could soon find that the popular social media service is either under new ownership or could be outright banned in the United States.

President Joe Biden signed a bill into law that requires TikTok to find a new owner—or face a ban in the United States.

Over the past several months, Washington D.C. has been under pressure to ban the popular Chinese-owned social media app.

Lawmakers and security experts have long raised concerns that the Chinese government could tap TikTok’s trove of personal data about millions of U.S. users.

TikTok’s CEO said the bill is disappointing and reiterated that the company has committed to challenge it.

David Zhang from China Insider. joins Veronica Dudo to discuss

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