Taylor Swift is officially a billionaire: reports

Pop singer Taylor Swift is officially a billionaire, Bloomberg reported. The Grammy-winning artist has a current net worth of $1.1 billion after the success of her Eras world tour and its accompanying film, as per the report. 

The success of the Eras tour – a Super Bowl-sized event spanning numerous cities that shattered records and sparked ticket frenzies – has propelled the 33-year-old pop star’s net worth past a billion dollars. Swift is one of the few entertainers to reach that status based on just her music and performance, the outlet said. She now joins performers including Rihanna, Jay-Z and Beyonce in the coveted billionaires club.

Swift ruled movie box offices over the weekend as her concert film transformed darkened theatres into dance floors and hauled in an estimated $126 million-plus around the world.

Moviegoers dressed in concert T-shirts and sequins for screenings of Taylor Swift: The Eras Tour. At many showings, fans stood to sing along and move to the beat of Shake It Off, Anti-Hero and other hits from Swift's 17-year career. The turnout provided a welcome jolt to cinemas facing a lackluster autumn slate after a strike by Hollywood actors prompted studios to delay titles such as Dune: Part Two.

The film has now surpassed over $173 million worldwide in sales.  "This is a superstar debut," Jeff Bock, senior box office analyst at Exhibitor Relations Co., said of Swift's film. "It was a party in a movie theatre. The Eras Tour added as much as $33 million in international markets, according to AMC estimates, for a global total of $126 million to $130 million.

The concert is set to be shown in theatres in more countries including Brazil, South Korea and Malaysia in November. Swift fans were thrilled to see the Eras Tour on the big screen. Many missed the chance to see the singer in person after ticket seller Ticketmaster suffered outages and resale prices for seats soared into the thousands of dollars.

The Eras Tour, recorded at shows at SoFi Stadium outside Los Angeles, received a rare A+ score in audience polling by CinemaScore, and a 100% positive rating from film critics on the Rotten Tomatoes website.

Pop singer Beyonce will follow Swift by bringing her Renaissance Tour to theatres in December, another release that will help theatres fill gaps left by the ongoing strike by Hollywood actors.

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