Taylor Swift is on her way to becoming a billionaire thanks to her massive hit The Eras Tour which is set to last for another year.

The 33-year-old Grammy-winning singer has increased her personal fortune to $740 million from $570 million in April, according to Forbes magazine.

It comes after she extended her stadium tour from 52 to 146 shows across North and South America, Europe, Asia and Australia.

The huge increase in value includes revenue from album sales, touring, songwriting royalties, merchandise, real estate portfolio, brand deals and acting fees.

The first 22 performances of The Eras Tour have grossed over $300 million and it’s on track to gross a record $1.4 billion by the end of August 2024, according to the industry trade publication of Pollstar tourism.

Taylor Swift is set to become a billionaire thanks to her huge success The Eras Tour which is expected to last another year

The 33-year-old Grammy-winning singer has increased her personal fortune to $740 million from $570 million in April, according to Forbes magazine.

Mid-year reports released on Monday revealed that Swift’s tour was the highest-grossing in North America and globally between November 17, 2022 and May 17.

She is estimated to have earned nearly $110 million from the performances so far after paying production costs and concert promoter Messina Touring Group.

But the artist must then pay taxes and pay other expenses, including his manager, his publicist and his agent.

She has paid a total of $55 million in bonuses to workers on her The Eras tour as the US leg of her tour draws to a close.

The singer donated the sum to workers on the lucrative ride, including relief dancers, rigging professionals, sound technicians, catering staff and truck drivers.

Forbes estimated that the tour has so far contributed $30 million to his net worth, which has grown to $740 million, which includes real estate and other assets.

The Eras Tour is twice as big as the world’s second highest-grossing tour, which is the $142 million Bruce Springsteen & The E Street Band 36-date tour.

Swift is said to be currently the most popular artist in the world for ticket sales, streaming, broadcasting and social performance.

His tour is on track to become the highest-grossing live music concert tour of all time, thanks to the added dates.

It was expected to make $590 million, but that figure rose to $1.4 billion.

If projections are accurate, Swift will overtake Sir Elton John at the top after his Farewell Yellow Brick Road Tour retirement tour grossed $910.4 million.

But Beyonce’s Renaissance could top Swift with reports that she could earn $2.4 billion from ticket sales by the end of October.

It comes after Swift extended her stadium tour from 52 to 146 shows across North and South America, Europe, Asia and Australia.

The first 22 performances of The Eras Tour have grossed over $300 million and are on track to gross a record $1.4 billion by the end of next year, according to trade publication Pollstar.

The release of her re-recording of her 2010 album Speak Now in July, combined with her future touring earnings, could boost Swift’s net worth to around $900 million next year.

She also generated income through the release of her album Midnights in October 2022 and she became the first artist in history to have the top 10 songs on the Billboard charts.

Demand to see Swift perform is at an all time high and the Ticketmaster site has crashed several times during the presale. It caused the cancellation of the public sale of tickets last November.

Over 3.5 million people reportedly signed up for tickets, which is more than any other performer in history. Swift sold over two million tickets on the first day.

The ticketing company appeared at a Senate committee hearing earlier this year to explain the disaster.

The release of his re-recording of his 2010 album Speak Now in July, combined with his future touring earnings, could boost his net worth to around $900 million next year.

Swift’s concerts are also meant to provide an economic boost to the US economy, with fans spending money on accommodation, food, transportation, clothing and merchandise in different cities.

An average person attending one of his performances is estimated to spend at least $1,300, with an estimated total economic benefit of around $5 billion, according to a survey by QuestionPro.