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.
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.
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.
as a tax write-off.
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.
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
The need coming from the swifties here real.
@TSwiftFTC? Is this a two-topic account about Taylor Swift and the Federal Trade Commission? 🤔
Her impact on the economy now has its own government agency.
What's really important is that it's impossible not to be a bad person and a billionaire. I like her music but being a billionaire means that she is an enemy of society. Period
what makes you think it's impossible? it seems unlikely but I wouldn't say impossible
Because you can't get that much without exploitation and refusing to share.
If a person inherits 1b. Does it automatically make him a bad person?
Ya because their bloodline is already corrupted. They were raised by shit heads. They will be shit heads. It runs in the family.
I bet your ancestors have done some really fucked up stuff
If they keep it for themselves, yes.
There's no moral reason to have that much money. If you earned $2500 a day (about a million dollars a year) it would take you just under 1200 years to earn a billion dollars. I personally believe you should earn more if you work harder than others but there's simply no way anyone could work hard enough to deserve more than anyone should make in 15 lifetimes. If you are lucky enough to get that amount of money there's no moral reason to keep it all.
Now think about how Bezos is worth 192.4 billion dollars. Hopefully that helps folks understand the problem. And by problem, I mean the largest threat we are facing to human existence. Every other issue we're having stems from the fact that billionaires exist.
A good person would never make it to a net worth of a billion dollars though. A good person would give away 999,999,000 to charity, for example.
Well no, she can't buy Kanye. He's not a Supreme Court Justice.
Not yet.
Since we're already destroying institutions we might as well have some fun with it. I don't think there's any reason he couldn't be a supreme court justice.
Expand the Supreme Court and add Kanye, King Charles, and Elmo. At least that shit will be entertaining.
"But Elmo wants to know why policemen don't have an obligation to intervene to protect the public."
"some of Elmos best friends are black people" lol
"Elmo is a bit confused. Why did Elmo learn to share, when Elon clearly doesn't?"
I will allow someone to buy me, but like software you won't "own" me. You will just be liscencing me and, at any time, I may revoke your access to myself.
Wow, now Taylor Swift fans are going mask-off racist. Not only are they simping for a billionaire like a Musk fan, but they're alluding to going back to the good old days of slavery like Musk's dad.
I couldn't name nor recognize a single song from either of them. Shit, I need to improve my mainstream media knowledge.
You can't buy people anymore but you can buy most of their their awake hours. It's called a job.
People sell those hours because they have to. It's called a salary.
Nope.
Taylor Swift can literally buy Kanye (sic) Ye now.
Celebrity deathmatch claymaytion style needs to come back
Where can I buy a ticket?
Wait so could I hire some suckers to do my hours so I could keep my salary and hours?
this guy has figured out capitalism
Wealthy people don't buy things, they buy time - other people's time.
You misspelled "wage slavery"
No no, they work for each other in exchange for money, which they use to buy goods...
Depends on if you can't live comfortably or not still.
The official poverty rate in the USA was 11.4% in 2020 with 37.2 million people under the poverty line. I'd wager many of them might not hold a job due to having young children as well.
https://www.yonkerstribune.com/2021/11/slave-wages-what-are-slave-wages
Out of the homes, 38 could be considered low income, 44 middle income and 18 high income.
So nearly 1/3 of Americans would be wage slaves by the latter. Even worse for those under the poverty line.
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