The Aussie leg of Taylor Swift‘s record-breaking Eras Tour ended with a bang in Sydney on Monday, and the pop star pocketed an astronomical amount of money sum for both herself – and the NSW economy.
The pop sensation, 34, reportedly earned $25million per Sydney show, meaning she took home $100 million after four concerts at Accor Stadium.
Swift also injected a whopping $145 into the NSW economy, as thousands of local and interstate fans flocked to the city for the must-see event of the year.
‘The Swift effect is undeniable when it comes to the economic impact her tour delivers to host cities,’ Accommodation Australia chief executive Michael Johnson told The Daily Telegraph.
‘Based on past calculations, her shows can inject between $150 and $200 million to a state’s economy, just as we saw in Melbourne.’
The NSW economy grew across many sectors, with hotel rooms fully booked out, restaurants and bars jam-packed and thousands of fans splurging on merchandise.
Meanwhile, tax lawyer Harry Dell revealed that Swift would have paid 30 per cent tax to the Australian Tax Office on her concert earnings.
This means that the Australian government collected about $10million in tax from Swift across her four Sydney shows.
Thousands of fans splashed out a collective $86m in the accommodation, hospitality and tourism sector, with CBD spending up 30% compared to the previous month.
It comes as Swift finished her run of Sydney concerts on Monday evening.
She sent off the crowd with some very warm words, leaving the audience cheering in delight.
‘Looking at this crowd, the biggest crowd we’ve had at our four shows here!’ she told her fans.
More than 600,000 people attended the Australian leg of her Eras Tour.
A record-breaking 96,000 fans attended each of her three shows in Melbourne and a further 83,000 Swifties at each of her four shows in Sydney.
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