Taylor Swift's net worth surpasses the $1 billion mark thanks to the success of her Eras Tour

Pop sensation Taylor Swift has had one success after another this year, but a new achievement reveals that she is moving up a different kind of chart. As per Bloomberg News, she presently has an estimated net worth of $1.1 billion.

The millions of Swift fans who paid a hefty price for tickets to her current Eras Tour—which is scheduled to visit Argentina and Brazil in November—are surely not surprised by this revelation. According to Bloomberg, Swift's wealth increased by $370 million from ticket and merchandise sales from the tour, which also injected an incredible $4.3 billion into the American economy this year. Jerome Powell, the chair of the Federal Reserve, was especially impressed by the achievement and included it in his optimistic list of indicators of an improved economy.

Swift is one of the few musicians who earns the majority of her income from music alone, therefore her financial achievements are very exceptional. In addition to those enormous concert earnings, Bloomberg breaks down her earnings into $400 million from her combined past and present song catalogue, $120 million from streaming, and $80 million in royalties from music sales. (Bloomberg also factors in the $110 million total worth of her five residences.)

MORE: View the "Taylor Swift: The Eras Tour" movie trailer.

Swift is surrounded by other big stars like Beyoncé, Madonna, and Rihanna in the Forbes celebrity women earnings rankings. With a net worth of almost $1.4 billion, the latter singer is now rated second on the list (Oprah Winfrey is ranked first). However, the majority of Rihanna's income comes from her numerous partnerships with luxury brands and her Fenty Beauty product line.

With all this wealth, Swift hasn't been frugal either. Among her many celebrity accolades is her lavish bonus payments to her crew and employees. She has also made numerous charitable donations to local food banks while on the Eras Tour.

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