Comment on Fact
polygon6121@lemmy.world 10 months agoYou do understand how large of a number a billion is? To work only for a decade and have that kind of networth is insane.
Relevant Tom Scott video youtu.be/8YUWDrLazCg?si=EawoESj6ftACGnHN
Comment on Fact
polygon6121@lemmy.world 10 months agoYou do understand how large of a number a billion is? To work only for a decade and have that kind of networth is insane.
Relevant Tom Scott video youtu.be/8YUWDrLazCg?si=EawoESj6ftACGnHN
ninjan@lemmy.mildgrim.com 10 months ago
Sure, if we’re talking work as in compensation per hour. But we aren’t here. She’s a product (as in Taylor Swift the artist is, not Taylor Swift the person naturally) and thus can be sold in quantities only limited by the amount of people on our planet that can afford to buy her music/merch/tickets etc. For me as a consultant to make a billion just isn’t possible, but if I start a company selling something which isn’t limited like the amount of hours in a day then… Yeah no, I don’t have it in me to become a billionaire. But you get the picture I hope.
polygon6121@lemmy.world 10 months ago
Yes, I understand how it seems like I refered to the person and not the artist.
I still don’t understand how you come to the conclusion that the net worth should be at least double? Based on what? My point is that it is extremely impressive to have a billion dollar company as is, in only a decade
crazyCat@sh.itjust.works 10 months ago
Her net worth could be considered or much more if you think of her like a company because her billion now is already earned cash and assets. But her brand and intellectual property will last decades automatically generating revenue basically forever.
polygon6121@lemmy.world 10 months ago
Taylor Swift is a business.Yes, in the future it could be higher. It depends on where the company is going. Artists get less popular over time and alot of assets would then necessitate scaling down, and be offloaded. If the person Taylor Swift decides she does not want to be associated with the business anymore it could lose alot, if she died probably the opposite would be true for a while. Yes a considerable amount of revenue would probably be coming in for the foreseeable future.
Tldr: Past performance is no guarantee of future results. A billion dollar company is already an amazing feat and it is impressive if Taylor can keep the ball rolling at that scale.
IWantToFuckSpez@kbin.social 10 months ago
You can’t buy Taylor Swift stock on the exchange. Those publicly known double digit billionaires are that wealthy because they put their company public on the exchange. That company stock is sold at a premium because of high demand. Which means that it’s listed for more than the book value of that company often for 20x more. This is how even founders of companies that have never made a profit become billionaires.
Taylor Swift’s net worth is probably from real dollar profits. If she puts her company trough an IPO she will probably be worth way more than $1.1 billion.
ninjan@lemmy.mildgrim.com 10 months ago
Valid point. Unlike other billionaires with public companies connected to them Taylor Swift’s net worth is here value up until this point, what she has generated. There is no pricing in of future potential like what made the Tesla and Nvidia stock absolutely explode (and by that their respective stakeholders net worth). I hadn’t thought of that.