Highlights
- Taylor Swift’s fortune has surpassed $1 billion.
- Fans wonder if Swift’s mom and dad have financially benefitted from her success.
- Swift’s parents have been supportive of her career from the beginning.
In the music industry, it often feels like there is Taylor Swift and everyone else. After all, Swift seems to have the Midas touch since everything she touches turns to gold. As a result of Swift’s incredible success, she continues to add to her fortune, which has surpassed $1 billion.
Since Taylor Swift is so successful, it has been revealed that she employs her brother, Austin Swift. With that in mind and the fact that Swift is close with her parents, fans wonder if her mother and father have made money from her career.
Do Taylor Swift’s Parents Make Money From Her Career?
From the moment that Taylor Swift first rose to international fame, she has had a unique ability to connect with her fans. Thanks to that trait, Swift’s fans tend to be extremely devoted, to say the very least.
Since many of Swift’s fans care so deeply about her, many of them try to find out everything they can about her. Similarly, anyone who becomes associated with Swift gets analyzed by her fans, including her boyfriends, and her parents.
What Has Forbes Reported About Taylor Swift’s Fortune as of November 2023?
- Taylor Swift is worth $1.1 billion
- Taylor Swift became a billionaire in October 2023
- Taylor Swift has made $500 million from royalties and touring
- Taylor Swift’s music catalog is worth $500 million
- Taylor Swift owns $125 million in real estate
Even though Swift’s fans want to know about her parents, the fact is that a lot of information about them remains secret. A perfect example of that is the fact that most of Swift’s fans don’t know the truth about her parent’s finances these days.
Anytime new information about Swift’s finances comes to light, the media loves to report on it. Despite that, aside from people who know Swift personally, nobody knows if her parents are on her payroll and if so, for how much.
Even though it is unclear if Taylor Swift has a business relationship with her parents, some aspects of their financial links have been reported. As a result, it can definitively be stated that Taylor Swift’s parents have made money from her career if those reports are accurate.
According to a 2011 Daily Mail report, Taylor Swift’s parents arguably benefited from their daughter’s career in a big way that year. The reason for that is Swift reportedly bought her parents two incredible homes in 2011. While Swift’s parents didn’t get money deposited into their accounts, gaining millions in real estate was a huge boon to their net worth.
“She is probably the most generous daughter in the world. Just four months after shelling out $1.4million on a new home for her parents Taylor Swift has dished out a further $2.5million on a new mansion. The country singer, aged just 21-years-old has bought the prime piece of real estate in a very exclusive area in Nashville. Her parents Andrea Gardner and Scott Kingsley Swift will be the newest residents in the area and will become neighbours to the likes of Nicole Kidman and Keith Urban.”
At face value, it is pretty easy to argue that Swift’s parents made money from her career based on those home purchases. That said, it could be argued that since Swift’s parents didn’t directly get money from Swift’s career as a part of those purchases, that doesn’t count.
For anyone who feels that way, there was another situation in which one of Swift’s parents got a lot of money from her career. That said, it is worth noting that in this case, it appears like the parent involved didn’t know they were going to cash in.
Even though Swift has been in many feuds during her time in the public eye, her animosity against Scooter Braun hit differently.
Who has owned Big Machine Records according to Variety?
|
Big Machine Records |
Ownership History |
|
Scott Borchetta |
Founded in 2005 |
|
Scooter Braun‘s Ithaca Holdings LLC |
Bought in June 2019 |
|
Hybe Corporation |
Bought in April 2021 |
After Braun’s Ithaca Holdings bought the Big Machine Label Group, he became the owner of the masters of Swift’s first six albums. When Swift learned about this turn of events, she spoke out about her anger and frustration in no uncertain terms.
Since Swift and her parents are very close, they undoubtedly were there to support their daughter through her battle with Braun. However, as Cinema Blend reported in 2023, Swift’s father made a lot of money from Braun’s purchase of Big Machine Label Group.
Before Braun bought the Big Machine Label Group, Swift’s father Scott Swift came to own roughly 5% of the company. As a result, when Braun bought the Big Machine Label Group for $330 million, Scott Swift was paid roughly $15.1 million. When news of this situation went public, Swift’s team made it clear that her father had no idea about Braun’s purchase until it was finalized.
When Bruan bought the Big Machine Label Group, he gained the masters of several artists. However, there is absolutely no denying that the Big Machine Label Group’s biggest asset was the masters of Swift’s first six albums. As a result, Braun certainly wouldn’t have paid that much and Scott Swift wouldn’t have gotten $15.1 million if it wasn’t for his daughter’s career.
How Much Did Taylor Swift’s Parents Sacrifice For Her?
Sadly, there are far too many stories of stars having disturbing financial relationships with their parents. After all, there have been many celebrities whose parents pushed them into the spotlight and then stole as much from them as they could.
Since Taylor Swift’s parents pretty clearly have made money from their daughter’s career, some observers may be suspicious of them. However, if fans look into the history of Swift’s relationship with her parents, they don’t seem to be an example of disturbing celebrity parents. At least, they aren’t that kind of parents unless they have kept a gigantic secret from the world for more than a decade.
Years before Swift became an international superstar, her parents were already extremely successful. Scott Swift was a stockbroker-turned-vice-president for Merrill Lynch and her mother was a former marketing manager at an advertising agency.
Instead of Swift’s parents using her singing talents to get a good life for themselves, the opposite reportedly happened. Swift’s parents used their own money to help their daughter make her dreams a reality.
According to a People profile about Swift’s parents, they even uprooted and moved their entire family to just outside Nashville to help their daughter. People went on to describe how big of a deal this move would have been for Scott Swift’s career. “Scott moved the financial advisory business where’d he worked for nearly three decades — The Swift Group, under Merrill Lynch — to their new home.”
However, as Swift’s mother once explained to Entertainment Weekly, they tried to make sure their daughter didn’t feel pressured by the move.
“I never wanted to make that move about her ‘making it. Because what a horrible thing if it hadn’t happened, for her to carry that kind of guilt or pressure around.”
Source: NewsFinale
