Taylor Swift’s Eras tour earnings look set to reach as much as $4.1 billion, matching if not outstripping the value of X as it loses 90 percent of its value.
Let’s work this out.
The first leg of the Taylor Swift’s Eras tour is complete and the show premiered at movie theaters last weekend.
The pop star is set to earn a record-shattering $4.1 billion from her shows by the end of the tour according to The Washington Post.
Peter Cohan, an associate professor of management at Babson College, estimated the figure.
That’s assuming Swift will keep the typical artist’s share of 85 percent of tour revenue.
Swift’s earnings of $4.1 billion would be the most from a single tour for any musical act to date.
And, when it comes to wealth coming from Taylor Swift’s Eras tour, it’s not all self gain.
She’s famously given generous bonuses and paid 6 figures for 179 rooms at the Four Seasons Mexico City hotel for her tour crew.
What’s more, her tour has given the US economy a $5.7 billion boost.
On the flip side, according to Elon Musk, owner of X, the platform has lost 90 percent of its value and could be worth just $4 billion.
Musk made the claim on Labor Day that the company formerly known as Twitter decreased in value.
Since the Tesla CEO purchased the platform last October, its worth has plummeted.
Musk bought Twitter for $44 billion – $13 billion funded by loans from big-name commercial and investment banks, and $31 billion in equity.
He also contributed $24 billion of his personal funds.
Meanwhile, a group of investor including Larry Ellison, Ron Baron, and Prince Al Waleed of Saudi Arabia provided $7 billion.
However, Musk claims that the platform is now worth $4 billion – that’s a staggering loss of 90 percent.
This comes just weeks after Elon Musk asked the august singer to post music on X.
He also praised her “limbic resonance” – a state of deep emotional and physiological connection – back in March.
Guess she’s feeling pretty Bejeweled right now.
Maybe she should treat herself to this stunning concept mansion designed for herself and newly confirmed beau, Travis Kelce.