Taylor Swift performs at her Eras Tour concert in Buenos Aires. The singer has been ranked as the most streamed artist on Spotify's 2023 Wrapped list. AP
Taylor Swift performs at her Eras Tour concert in Buenos Aires. The singer has been ranked as the most streamed artist on Spotify's 2023 Wrapped list. AP
Taylor Swift performs at her Eras Tour concert in Buenos Aires. The singer has been ranked as the most streamed artist on Spotify's 2023 Wrapped list. AP
Celebrity Net Worth: Taylor Swift earns $131m from Spotify in 2023
In our fortnightly celebrity investment and wealth round-up, Max Verstappen becomes this year's highest paid F1 driver and Beyonce's concert movie takes $21 million at the US box office
Factor in publishing revenue and the billionaire singer's Spotify takings will total $131 million by the end of this month.
Swift’s music has had more than 26.1 billion global streams as of November 30 this year. With December’s figures, that number is expected to rise to 27.2 billion, Billboard calculated.
With streaming revenue from other platforms, including Apple Music, Amazon Music and YouTube, that total could cross $160 million, while publishing revenue could see it hit the $200 million mark.
Swift, 33, is one of the world’s richest self-made women with a net worth of $1.1 billion, according to Bloomberg.
She entered the exclusive $1 billion club on the back of her 146-date Eras concert tour, which has shattered several records and sparked ticket frenzies. The Super Bowl-sized event is expected to be the highest-grossing tour of all time when it closes next year.
Taylor Swift's Eras tour – in pictures
Taylor Swift performs on stage at Lumen Field on July 22 in Seattle, Washington. Getty Images
Swift performs at Levi's Stadium in Santa Clara, California, on July 28. Getty Images
Swift makes a heart gesture with her hands during night one of her six-night residency at SoFi Stadium in Inglewood, California. Getty Images
Swift performs with the band HAIM in Los Angeles. Getty Images
Swift performs on stage for the opening night of The Eras Tour at State Farm Stadium on March 17 in Glendale, Arizona. AFP
The city of Glendale was ceremonially renamed Swift City for March 17-18 in honour of The Eras Tour. AFP
Swift takes the stage at SoFi Stadium on August 3. Getty Images
Swift has put together sprawling set lists of more than 40 songs during her Eras Tour. AFP
Swift performs at AT&T Stadium in Arlington, Texas, on March 31. AFP
Swift's tour is scheduled to run until November 2024. AFP
By then, the US leg of the tour alone could add $5.7 billion to the country’s economy, according to software company Question Pro. Federal Reserve Bank of Philadelphia officials acknowledged as much in May, stating the tour had boosted tourism in the region.
The 12-time Grammy winner could earn as much as $4.1 billion from the tour, estimates based on her share of 85 per cent, The Washington Post reported.
Swift’s per-show take-home ranges between $10 million and $13 million, according to Forbes magazine estimates.
Taylor Swift: The Eras Tour movie has also taken $250 million in global ticket sales since it opened in October. The movie, the highest-grossing concert film in US history, cost $15 million to make.
She has more than 182 million in equivalent album sales. That includes digital and physical album sales, according to music industry database ChartMasters.org. The total makes her the biggest-selling artist under the age of 50.
Swift looks to real estate as a way of preserving her wealth. With eight homes, her property portfolio is worth upwards of $150 million, according to TheWall Street Journal.
She has four homes in New York City, including apartments in the West Village and Tribeca, a beach house in Rhode Island, a seven-bedroom home in Hyannisport, Massachusetts, properties in Nashville, Tennessee, and an estate in Beverly Hills.
Swift also owns two Dassault private jets and has a notable car collection.
Dutch Formula One driver Max Verstappen is the sport's highest paid racer in 2023. EPA
Max Verstappen
Dutchman Max Verstappen has become the highest-paid Formula One driver of 2023 after winning his third straight championship, according to a new list by Forbes magazine.
The Red Bull Racing driver has earned $70 million on the back of a record 19 race victories this year.
The figure includes his $45 million salary and bonuses estimated at $25 million.
In May, Forbes calculated his off-track earnings at $4 million for the preceding 12 months.
Verstappen, 26, has a net worth of €150 million ($161.4 million), the Netherlands’ Quote 500 rich list revealed last month. He had a net worth of €120 million in 2022.
As a Monaco resident, he pays no tax on his income. Verstappen rents the $15.6 million penthouse he lives in and has few public investments.
In August, he announced plans to enter a team into the 2025 GT3 championship.
The move expands the Verstappen name outside of Formula One, in line with his interest in both digital and real-world racing projects. Other ventures could include rallying and virtual racing, according to the Verstappen.com website.
Verstappen purchased a $16 million Falcon-900EX private jet from Richard Branson in 2020, according to wealth-tracking website Celebrity Net Worth.
He also has a considerable car collection, including several Aston Martins. Among them is a limited-production $2.7 million Valkyrie.
Beyonce's new movie collected $21 million in US box-office sales during the opening weekend. Getty Images
Beyonce
Singer, fashion designer and businesswoman Beyonce has revitalised the post-Thanksgiving US box-office with her concert movie taking $21 million in North American ticket sales over its opening weekend, according to estimates from AMC Theatres.
The film, Renaissance: A Film by Beyonce, was the first movie in 20 years to cross $20 million over the first weekend of December’s, AP reported.
Beyonce wrote, directed and produced the tour movie of her Grammy-winning album.
The 56-show tour spanned 39 cities this year, kicking off in Stockholm, Sweden, in May and closing in Kansas City, Missouri, in October.
With takings of $579.8 million, it attracted over 2.8 million fans, making it the year’s highest-grossing tour, according to Billboard Boxscore. The list does not feature Swift’s Eras tour, which closes in 2024.
Beyonce, 42, earned an estimated $145 million from the tour and has a total net worth of $540 million, Forbes reports.
Over the course of her nearly 30-year career, she has won a record 32 Grammy awards and sold more than 98 million albums in physical and digital sales, according to ChartMasters.org.
Outside music, she has a clothing line, Ivy Park, which ended its partnership with adidas in March. She launched a capsule couture collection with fashion house Balmain earlier this year.
In 2018, she signed a $60 million content deal with Netflix.
With her husband, rapper, producer and entrepreneur Jay-Z, she owns a large portfolio of real estate, including properties in New Orleans, the Hamptons and Bel Air in California, according to Celebrity Net Worth.
In May, the couple reportedly paid $200 million for a mansion in Malibu, the most expensive in California history.
Paris Hilton has invested in Berlin-based artificial intelligence travel start-up Layla. Reuters
She joined a €3 million seed funding round for Berlin-based artificial intelligence travel start-up Layla at the end of November.
The company uses a chatbot, also called Layla, to recommend new travel destinations and make bookings – either via the web or using social media.
Layla was set up by Jeremy Jauncey, founder of travel agency Beautiful Destinations, and Saad Saeed, who co-launched European grocery delivery service Flink.
Other investors include Brent Hoberman, co-founder of lastminute.com and Firstminute Capital, Andy Phillips of Booking.com, Skyscanner co-founder Barry Smith and venture capital firm M13.
The terms of Hilton’s participation have not been disclosed.
The Paris in Love star, 42, has a net worth of $300 million, according to Celebrity Net Worth.
Often described as a “multi-hyphenate”, she has built a career as a model, actor, reality TV star, DJ and influencer. She has launched fashion and perfume lines, which have generated more than $4 billion in sales.
Through her company 11:11 Media, Hilton is also involved in a wide range of creative and technology ventures, including businesses in the digital, audio, film, television, licensing and metaverse space.
Hilton's investment in Layla is the latest in a line of technology start-ups that have attracted her attention this year.
In September, 11:11 Media joined Andreessen Horowitz, also known as a16z, in a $54 million funding round in blockchain-based IP ownership network Story Protocol.
She has made at least 17 investments, according to investor information platform CB Insights, including cryptocurrency payments company MoonPay and video platform Shibuya.
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Abid Ali, Fakhar Zaman, Imam-ul-Haq, Shan Masood, Azhar Ali (test captain), Babar Azam (T20 captain), Asad Shafiq, Fawad Alam, Haider Ali, Iftikhar Ahmad, Khushdil Shah, Mohammad Hafeez, Shoaib Malik, Mohammad Rizwan (wicketkeeper), Sarfaraz Ahmed (wicketkeeper), Faheem Ashraf, Haris Rauf, Imran Khan, Mohammad Abbas, Mohammad Hasnain, Naseem Shah, Shaheen Afridi, Sohail Khan, Usman Shinwari, Wahab Riaz, Imad Wasim, Kashif Bhatti, Shadab Khan and Yasir Shah.
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood. Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues. Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity. Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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Online: The match will be broadcast live on Dubai Exiles’ Facebook page
UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), EsekaiaDranibota (Harlequins), Matt Mills (Exiles), JaenBotes (Exiles), KristianStinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), EmosiVacanau (Harlequins), NikoVolavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), ThinusSteyn (Exiles)
Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany - At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people - Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed - Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest - He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
UAE currency: the story behind the money in your pockets
