Taylor Swift Net Worth 2022: Deal With Republic Records and Departure From Big Machine!
Taylor Swift is an American singer-songwriter; who made her debut in the music industry in 2006 and is still going strong with her long list of popular and chart-buster songs.
Taylor Alison Swift was born in West Reading, Pennsylvania on December 13, 1989. Her name is a tribute to musician James Taylor. She grew up on a Christmas tree farm with her parents, Scott and Andrea, and her brother, Austin.
For preschool and kindergarten, she attended a Montessori school before transferring to The Wyndcroft School for first grade. Taylor became interested in musical theatre when she was nine years old. She also took singing and acting classes in New York City. She first became interested in country music because she admired Shania Twain.
As a preteen and adolescent, she performed at neighborhood gatherings and festivals. She eventually convinced herself that she had to go to Nashville, and she and her mother went and submitted Taylor’s early demo of Dolly Parton and The Chicks covers. Taylor left Nashville without a record deal because record labels didn’t think she was unique enough.
She learned to play the guitar at the age of 12 and wrote “Lucky You.” Swift’s family relocated to Nashville when she was 14 to offer her a better opportunity of breaking into the music industry. In 2003, Swift began working with music manager Dan Dymtrow.
He was key in landing Swift a modeling gig for Abercrombie & Fitch’s “Rising Stars” campaign, as well as having one of her original songs included on a compilation CD by Maybelline. Swift was signed to an artist development deal after presenting her original songs at an RCA Records showcase.
Swift released her first single “Tim McGraw” a year after signing with Big Machine Records, which preceded the release of her first self-titled studio album. Taylor Swift debuted at number five on the Billboard 200, however, she debuted at number one on the Billboard Country Music chart. The album yielded two number-one singles, “Our Song” and “Should’ve Said No.”
The RIAA has certified her first album platinum more than four times. Fearless, Swift’s second album, debuted at number one on the Billboard, Country, New Zealand, and Canadian music charts.
It was certified platinum in four countries, including six times in the United States, and generated two number-one singles, “Love Story” and “You Belong with Me.” She has shared the stage alongside singers such as John Mayer, Justin Bieber, and Faith Hill.
Swift has received 23 American Music Awards, 10 Grammy Awards, and 23 Billboard Music Awards. As of this writing, she has sold over 50 million albums and 150 million singles worldwide. Taylor participated in five global tours between 2009 and 2018, grossing a total of $943 million.
Swift has appeared on “Saturday Night Live” and “Dateline NBC” as herself, as well as in fictionalized parts on shows and films such as “Valentine’s Day,” “CSI: Crime Scene Investigation,” and “Hannah Montana: The Movie.” Swift has also been featured in a number of popular publications, including Seventeen, Teen Vogue, and Rolling Stone.
Taylor Swift’s personal life has always piqued the interest of the media and her fans. She’s been dating actor Joe Alwyn since May 2017, but she’s previously dated a who’s who of prominent men.
Taylor dated Calvin Harris, a DJ, in 2015. She dated actor Tom Hiddleston the same year. She began dating Harry Styles in November 2012. Taylor and Harry traveled to the British Virgin Islands together during the 2012-2013 winter holidays and were done soon after they returned, apparently because they were both busy and never stayed in one location for long.
Swift began a three-month relationship with actor Jake Gyllenhaal in late 2010. She also had a brief relationship with John Mayer, long enough for her to pen the song “Dear John” about him.
Swift met Taylor Lautner while filming the film Valentine’s Day, and the two became utterly inseparable. That relationship, too, did not last long, but it did inspire a song, “Back to December.” Swift dated Joe Jonas for three months in 2008.
Earnings and Endorsements
Taylor earned approximately $50 million between June 2016 and June 2017. Swift has made more than $150 million through record sales, touring, merchandise, and sponsorships in several years.
Taylor, for example, made $170 million between June 2015 and June 2016 thanks partly to the immensely successful 1989 world tour. Taylor earned $185 million from her empire between June 2018 and June 2019, primarily from her “Reputation” stadium tour, which grossed $266 million.
She earned $64 million between June 2019 and June 2020. Taylor has worked with hundreds of firms on endorsements and partnerships throughout her career. AT&T, CoverGirl, Verizon Wireless, Diet Coke, Keds, AirAsia, Qantas, Sony Electronics, and Target are among her partners.
Deal With Republic Records and Departure From Big Machine
Between 2006 and 2017, Taylor produced six albums for Big Machine Records. When her contract with Big Machine expired in 2018, we discovered that her relationship with the company and its founder, Scott Borchetta, had gotten difficult. Taylor’s main goal in the deal was to gain control of her first six albums.
Borchetta allegedly offered her a plan in which she would gain custody of her previous records one at a time as new albums were released over several years. Taylor, who was aware that Borchetta was considering selling his company, later explained that she did not want to be sold to a new corporation.
She eventually elected to leave Big Machine and her back catalog and sign a new long-term agreement with Republic Records, a Universal Music imprint. The new agreement had two significant caveats:
1) From now on, she owns all of her master recordings.
2) She receives a higher percentage of the revenues from her song sales. Taylor will also receive a hefty portion if Universal ever sells its $1 billion investment in Spotify.
Taylor Swift’s real estate holdings are amazing. She owns approximately $90 million in real estate in the United States.