How Taylor Swift achieved the status of the richest singer in the world

How Taylor Swift achieved the status of the richest singer in the world


Taylor Swift is the the richest singer in the world.

She surpassed another pop star: Rihanna, with 1.4 billion dollars (something around R$7.6 billion).

The owner of hit Shake it off now accumulate a total of 1.6 billion dollars (From R$8.7 billion). He just hasn’t gotten over it yet rapper Jay Z, who maintains an estimated fortune in US dollars 2.5 billion (OR R$ 13.6 billion).

All this financial amount won by Taylor Swift owes much to the great success of his tour The Ageswhich he has already collected all over the world 1 billion dollars (From R$5 billion), becoming the most profitable global tour in history.

And the The Turn of the Ages There’s still some way to go: it won’t close until December this year. Of course the numbers will continue to increase.

Already Jay-Z AND Rihanna maintains business outside of music: the rapper owns the drinks brand D’USSE and the pop diva is a successful businesswoman in the industry cosmetics AND trick.

Taylor Swift is also helping make vinyl popular in 2024

Vinyl sales volume returned to double-digit growth in the North American market during the first half of 2024.

This follows a year of single-digit sales in 2023.

This data is released by the RIAA – Recording Industry Association of America – which represents American record companies, record companies and labels, through a semi-annual report, which also underlines that consumption of the vinyl format by fans has improved – by a lot – in the country for 17 consecutive years, which has been reflected in other international markets.

In July this year, the RIAA identified relatively modest sales volume growth compared to the same period in 2023, at 6.6% with 43.2 million units, on revenue of $1.3 billion (something around R$7.2 billion).

When talking about physical format, we must also consider the CD, which has encountered some difficulties in its revaluation of consumption in the music industry. The RIAA noted that digital record sales volume declined 1.9% in 2023, selling 37 million copies, with revenue of $537 million.

The determining factor in the increase in vinyl consumption in the US in July has a name: Taylor Swift. Across more than 34 distinct releases on The Tortured Poets Department, the pop star’s first album since 2022, its April 19 debut led to impressive sales of nearly 860,000 vinyl records by the end of the month.

Moving away from the North American market, the increase in vinyl record consumption in other international markets has grown significantly. In Europe, significant growth in the sales of “biscuits” has been observed in Italy, with an increase in consumption of the format of 16% in the first half of 2024.

The same performance also occurred in Germany, where the vinyl market recorded moderate growth of 5.4% over the same period.

Source: Terra

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