The only surprising thing here really is that Swift isn’t worth substantially more. She’s been the top pop music act for a decade now and has been uncommonly business savvy so I was really expecting that figure to be at least the double.
That has probably only ever helped her gain more. There is a good reason why rich people like to start charities and give money. It’s for publicity and as a tax write-off.
USA is the perfect country for getting rich and staying rich and getting richer. She could never have that kind of networth in any other country in the world as a pop act.
People DO understand that the top marginal rate is 37%, right? So when she donates to charity she pays 63% of that charity and gets $0 back directly. It’s still spending money.
Unless she’s getting a ~70% kickback of the money from the charity. But that’s highly illegal. You have to be president to get away with something like that.
Thanks, that’s a better way to put it. It is all in the interest of business. It obviously works great, because here we are discussing it, and some of us praising it… !
Sure, if we’re talking work as in compensation per hour. But we aren’t here. She’s a product (as in Taylor Swift the artist is, not Taylor Swift the person naturally) and thus can be sold in quantities only limited by the amount of people on our planet that can afford to buy her music/merch/tickets etc. For me as a consultant to make a billion just isn’t possible, but if I start a company selling something which isn’t limited like the amount of hours in a day then… Yeah no, I don’t have it in me to become a billionaire. But you get the picture I hope.
To hammer it home, she’s globally recognizeable as I’d say the most famous active musician right now. And she has been in the top 10 for a long while. That kind of fame begets net worth faster than just about any CEO gig ever will.
Yes, I understand how it seems like I refered to the person and not the artist.
I still don’t understand how you come to the conclusion that the net worth should be at least double? Based on what? My point is that it is extremely impressive to have a billion dollar company as is, in only a decade
Her net worth could be considered or much more if you think of her like a company because her billion now is already earned cash and assets. But her brand and intellectual property will last decades automatically generating revenue basically forever.
You can’t buy Taylor Swift stock on the exchange. Those publicly known double digit billionaires are that wealthy because they put their company public on the exchange. That company stock is sold at a premium because of high demand. Which means that it’s listed for more than the book value of that company often for 20x more. This is how even founders of companies that have never made a profit become billionaires.
Taylor Swift’s net worth is probably from real dollar profits. If she puts her company trough an IPO she will probably be worth way more than $1.1 billion.
Valid point. Unlike other billionaires with public companies connected to them Taylor Swift’s net worth is here value up until this point, what she has generated. There is no pricing in of future potential like what made the Tesla and Nvidia stock absolutely explode (and by that their respective stakeholders net worth). I hadn’t thought of that.
The only surprising thing here really is that Swift isn’t worth substantially more. She’s been the top pop music act for a decade now and has been uncommonly business savvy so I was really expecting that figure to be at least the double.
She gives away a lot. Food banks everywhere she goes, Tennessee tornado relief, a wide variety of gofundmes, etc.
That has probably only ever helped her gain more. There is a good reason why rich people like to start charities and give money. It’s for publicity and as a tax write-off.
USA is the perfect country for getting rich and staying rich and getting richer. She could never have that kind of networth in any other country in the world as a pop act.
People DO understand that the top marginal rate is 37%, right? So when she donates to charity she pays 63% of that charity and gets $0 back directly. It’s still spending money.
Unless she’s getting a ~70% kickback of the money from the charity. But that’s highly illegal. You have to be president to get away with something like that.
The top marginal tax rate in 1947 was 91%. That was for incomes over $200,000. We have been led down the garden path.
It’s probably not for tax reasons, but is 100% publicity. That’s all Taylor Swift™️ is.
She is essentially just a business that makes some decent commercial music, uses PR to develop a strong following and then monetizes the product.
I think her whole thing is fake and she just likes being the center of attention, not far off the Kardashians.
Thanks, that’s a better way to put it. It is all in the interest of business. It obviously works great, because here we are discussing it, and some of us praising it… !
Pollution the planet on that scale isn’t cheap
You do understand how large of a number a billion is? To work only for a decade and have that kind of networth is insane.
Relevant Tom Scott video https://youtu.be/8YUWDrLazCg?si=EawoESj6ftACGnHN
Sure, if we’re talking work as in compensation per hour. But we aren’t here. She’s a product (as in Taylor Swift the artist is, not Taylor Swift the person naturally) and thus can be sold in quantities only limited by the amount of people on our planet that can afford to buy her music/merch/tickets etc. For me as a consultant to make a billion just isn’t possible, but if I start a company selling something which isn’t limited like the amount of hours in a day then… Yeah no, I don’t have it in me to become a billionaire. But you get the picture I hope.
To hammer it home, she’s globally recognizeable as I’d say the most famous active musician right now. And she has been in the top 10 for a long while. That kind of fame begets net worth faster than just about any CEO gig ever will.
Yes, I understand how it seems like I refered to the person and not the artist.
I still don’t understand how you come to the conclusion that the net worth should be at least double? Based on what? My point is that it is extremely impressive to have a billion dollar company as is, in only a decade
Her net worth could be considered or much more if you think of her like a company because her billion now is already earned cash and assets. But her brand and intellectual property will last decades automatically generating revenue basically forever.
You can’t buy Taylor Swift stock on the exchange. Those publicly known double digit billionaires are that wealthy because they put their company public on the exchange. That company stock is sold at a premium because of high demand. Which means that it’s listed for more than the book value of that company often for 20x more. This is how even founders of companies that have never made a profit become billionaires.
Taylor Swift’s net worth is probably from real dollar profits. If she puts her company trough an IPO she will probably be worth way more than $1.1 billion.
Valid point. Unlike other billionaires with public companies connected to them Taylor Swift’s net worth is here value up until this point, what she has generated. There is no pricing in of future potential like what made the Tesla and Nvidia stock absolutely explode (and by that their respective stakeholders net worth). I hadn’t thought of that.