After putting together a monumental world tour, a concert movie release, and bringing new life into the U.S. economy via consumer spending, is the world really ready for Taylor Swift, the billionaire?

Yahoo Finance Live's Seana Smith and Diane King Hall do a deep dive into the singer's reported net worth, according to Bloomberg, tied to her music catalog, streaming, and the overwhelming success of the Eras Tour, and how influential the singer has been on the U.S. economy this year.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Video Transcript

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DIANE KING HALL: Well, Taylor Swift is back in the headlines again this time for building a 10-figure fortune earning billionaire status according to a Bloomberg report. We've talked a lot about the Taylor Swift economy this year from selling out stadiums across North America to hitting the big screen with her "Eras Tour Documentary." And now she's out with the re-release of her album "1989, Taylor's Version."

And I did a deep dive into where her billions now comes from. Of course, you've got the value of her catalog, which she's also worked to get her Masters back. So that helping. It's 400 million estimated according to this Bloomberg data. Ticket sales. Of course, I mean, she went on a huge tour this summer.

There's still some concerts coming up when you talk about where she's going in South America. That's 370 million. When you look at ticket sales and this is merchandise as well. Streaming. Of course, Spotify, YouTube, et cetera that's upwards above 100 million. Then, of course, she has properties and royalties. So she's just stacking up millions, upon millions, upon millions to earn billionaire status right now.

SEANA SMITH: Yeah, and I also think maybe even the bigger takeaway-- yes, she's a billionaire but also just the impact that she's had on the broader economy, right? When you talk about the fact that the Eras Tour-- she had 53 US concerts this year-- added $4.3 billion to the US GDP. That's according to estimates here from Bloomberg Economics.

Breaking that down even further here. The final six nights of Taylor Swift's Eras Tour in LA estimated to bring in the city of Los Angeles $320 million. We know Taylor Swift was also mentioned by the Philly Fed. And the Philly Fed index just in terms of the uptick and really the contribution that her tour made to the city during those concerts, which we all knew went viral on TikTok, on social media because so many fans were just coming to the stadium to simply hear the concert from outside.

So when we talk about the massive impact that she's had-- and she's done a great job of capitalizing on this popularity, especially this year-- yes, she has been tremendously popular now for almost two decades. But when you take into account what she has done this year, it certainly is phenomenal. It's impressive.

She's re-releasing her album "1989" today, which we know earned a total of 10 Grammy nominations at the time that it was released. So she's capitalizing on the fact that there's so much attention focused on her following this Eras Tour. And then also not to mention the fact of what she's done to the movie theater business, right?

When you talk about the box office impact that she's had since AMC released the Eras Tour in theaters, so many people who went to her shows-- going and watching it once again in the theater-- it's just incredible.

DIANE KING HALL: And her crossover effect from pop star to just general star. In general, when you think about even getting a mention from the Fed-- Fed Chair Jay Powell mentioning what this phenomenon like her Eras Tour has done for the economy. So, I mean, Taylor Swift is her own economy, basically.

SEANA SMITH: Yeah, Powell did not dismiss that question when he was asked it during a recent press conference.