Taylor Swift, the globally renowned singer, has been named Forbes’ most powerful woman of the year, securing the fifth position in the overall ranking. This recognition follows her recent acknowledgment as a Time’s Person of the Year finalist, marking a remarkable year for the 33-year-old pop sensation.
Swift, who ranked 79th on the list last year, has ascended to the top spot due to her extraordinary achievements in 2023. Forbes highlighted her record-breaking world tour, economic influence, and an impressive net worth of US$1.1 billion (RM5.1 billion).
“With a record-breaking world tour, the ability to move economies, and a US$1.1 billion net worth, the 33-year-old entertainer ranks among the most influential women on the planet,” Forbes noted.
The year has been a whirlwind for Swift, marked by her historic Eras Tour and her romantic involvement with American football star Travis Kelce.
Swift attained billionaire status in October, propelled by her groundbreaking tour that grossed nearly US$850 million (RM2.7 billion) after 66 shows in the United States. Her net worth surged to US$1.1 billion, with earnings of US$190 million (RM887.9 million) — post-tax — during the tour’s first leg. She is set to continue her tour in Europe and Asia next year.
The economic impact of Swift’s concerts was also underscored, with fans spending an average of about US$1,300 (RM6,074) on lodging, food, and retailers during her two Denver concerts, contributing US$140 million (RM654.2 million) to Colorado’s gross domestic product.
Carolyn Sloan, a labor economist and professor at the University of Chicago, likened Swift to a large corporation operating in various sectors, emphasizing the significant economic influence of her audience.
“Forbes also highlighted the success of Swift’s Eras Tour concert movie, released in October. The accompanying tour movie earned US$93 million (RM434.6 million) during its opening weekend and garnered over US$250 million (RM1.2 billion) worldwide.
Recently, Swift achieved another milestone by becoming the first living artist to have five albums simultaneously in the Billboard 200 top 10.
This recognition solidifies Taylor Swift’s position as a powerhouse not only in the music industry but also as a influential figure with substantial economic impact.
(Source: Malaymail)
