Washington, D.C (Pakistan News) foreing Policy Magazine claimed that the concerts of american singer and song writer taylor swift lift economy of the hosting country.
“Taylor Swift’s music concerts in countries around the world have made a huge difference in the economy there, London earned the revenue of Rs 38 crore, Rs 228 crore grabbed tokyo and Rs 6 crore Mexico City due to the singer’s concert” express told quoting the magazine report.
On the other hand, the cancellation of Taylor Swift’s concerts in Austria, caused a loss of more than 6 crores to the country’s economy. According to international media, global economists call the benefits of Taylor Swift’s concert to the country’s economy “Swiftonomics”.
It should be noted that Taylor Swift’s three concerts were scheduled to take place on August 8, 9 and 10 at Vienna’s Ernst Happel Stadium, which was expected to attract around 65,000 people each day.
However, security officials in Vienna confirmed the threats, after which Taylor Swift’s three concerts were cancelled.
taylor swift net worth
According to forbes report in 2024, she owns 1.3 billion USD.