Highlights
- Taylor Swift's family has a wealthy background, with her father, Scott Swift, coming from three generations of bank Presidents.
- Swift's mom is a homemaker, and there is a close bond between Taylor and her mom, as shown in the song Fearless.
- Taylor Swift is not only successful in music, but she is also making savvy business investments, including real estate and closed-end funds, which have helped her accumulate almost $1 billion.
Looking at the current music scene, there are few that compare to Taylor Swift. What makes everything that much more impressive is the fact that she's also generating revenue consistently outside of music.
We're going to reveal some of Swift's investments, while taking a closer look at her family's wealth. Scott Swift in particular, Taylor's dad has quite the resume. We'll take a look at his success in the business world, while also revealing the identity of Taylor Swift's brother, Austin.
It is clear that the entire family is thriving, and what's most important is that everyone appears to be on good terms.
Taylor Swift's Dad Scott Swift Comes From Generations Of Bank Presidents
Taylor Swift's family does indeed have a wealthy background, though this shouldn't take anything away from her insane success. Nonetheless, her father Scott Swift comes from a family of bank Presidents, three generations worth. Scott is the founder of The Swift Group, operating under the Merrill Lynch Wealth Management Group. He has been under the management group for over 40 years. Basically, he has been at the job since Swift's birth.
As for Swift and her mom, the two maintain a close connection. Swift's mom is a homemaker. Taylor is clearly close to her mom, and that was evidenced by the song Fearless, which was written for her mom.
Taylor's mom was shocked by the reveal. “It’s such a beautiful song. Where did you find it? It sounds exactly like the things we went through,” Swift’s mom says.
Taylor replied, “I was like, ‘Mom, I wrote it and recorded it secretly, it is our memories,” Swift explained to her, which she said moved Andrea to tears. “It was the sweetest thing ever because I just think she couldn’t have comprehended that I would write a song about the two of us.”
A great moment between the two.
Taylor Swift Is Adding To Her Fortune Thanks To Savvy Business Investments
Given her dad's role in the world of finance, it only makes sense that Taylor Swift is making savvy business moves outside of music. Swift is inching near the $1 billion mark, and it isn't just because of her contributions to music. Swift had made lots of real estate investments and in addition, she invested in CEFs. Swift received praise from billionaire Boaz Weinstein for the investment.
He revealed, "Having a blast watching our daughters sing every lyric tonight in Philly. Did you know that @taylorswift13 invests in discounted closed end funds? You think I’m kidding, but her father Scott told me so! For many reasons, it’s hard not to be a Swifty."
Along with the Closed End Funds, Swift almost made a huge deal that would spring her up that much closer to the $1 billion mark. Alongside the crypto company FTX, Swift came close to inking a huge $100 million sponsorship deal. Ultimately, the deal was nixed after months of negotiations.
CNBC broke down the terms of the deal that wasn't meant to be. "The signed agreement was sent to FTX founder Sam Bankman-Fried’s email inbox, where it remained unanswered for a period of a few weeks, the person told CNBC, adding that ultimately, a group of FTX executives persuaded Bankman-Fried not to follow through with the reported $100 million deal."
It could have made for a massive deal. Nonetheless, Taylor Swift is doing completely fine without it.
Taylor Swift's Brother Austin Has Also Done Very Well For Himself
Austin Swift isn't doing too bad either. The numbers relating to his net worth seem to be skewed. Nonetheless, he has taken on various projects in both acting and producing. According to Austin, he has a similar work ethic compared to his sister, Taylor.
Austin revealed with People, “I got really worried I wasn’t good enough. It became clear I needed to either buckle down or walk away. I started staying after rehearsals every night and running the whole play by myself, over and over, acting every part until the sun came up."
Austin went on to reveal that his work ethic in Six Characters in Search of an Author really changed the trajectory of his career. “By opening day, it was a different play and I felt like I was a different person.”
As expected, Austin has a close relationship to Taylor, referring to her as a role model. He said on a throwback Instagram post, “I have always had a best friend, a role model, and a caring, tireless, dedicated champion in my corner. You have pulled me out of fires and carried me up mountains. The gift of getting to witness you become the wonderful person you are today has been the greatest privilege and honor of my life."
Not only is the family enjoying their wealth, but they all have a positive relationship with one another.
