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Posted: 2023-10-27T19:41:10Z | Updated: 2023-10-27T19:41:10Z

It seems Taylor Swift has officially joined Jay-Z , Rihanna and Ye in the billionaire club.

The beloved singer-songwriter famously embarked on her record-breaking Eras Tour this year, which CNN recently reported could gross $2.2 billion in ticket sales and has raised Swifts net worth to $1.1 billion, according to a Bloomberg News analysis Friday .

Swift is in rarified air as one of the few artists to reach that milestone through music and concerts alone, and without business ventures outside of music .

The 33-year-old has plenty other reasons to celebrate, however, including Fridays release of her re-recorded 1989 album and her Eras Tour concert film dominating the box office .

Taylor Swifts Eras tour is rewriting the playbook of entertainment economics, Chris Leyden, director of growth marketing at event tickets platform SeatGeek, told CNN in August. Shes not just a performer shes an economic phenomenon.

That phenomenon reportedly included average ticket prices of $455.78 and an average attendance of 72,459 people across all 68 concerts in North America. Swift not only surpassed Elton Johns Farewell Yellow Brick Road tour as a result, but created actual micro-economies.

A recent report from the California Center for Jobs and the Economy noted that, while travel and tourism in the state have yet to recover to pre-pandemic levels, Swifts final six shows in Los Angeles brought much needed relief to the city in the form of $320 million.

Los Angeles alone saw 3,300 new jobs created as a result of Swifts sold-out concerts.

The U.S. Travel Association reported that all 21 cities in the tour were impacted, however, as fans spent an average of $1,300 on travel, hotels and food. A study conducted by QuestionPro determined Swifties spent a total of $5 billion as a result of the tour.