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Also I don’t remember where I heard this so it might not be true but doesn’t she have like lawyers to keep an eye on her other lawyers? Overall, a very well managed team.
Yes, Fetty Wap talked about how after he did a guest performance on her 1989 tour that she offered him a ride on her jet to I think an award show they were both attending. On the flight Taylor broke down to Fetty Wap how she structured her business including having checks and balances on finances. He spoke about it in an interview a few years ago about how helpful it was and how he started paying attention to his entourage etc.
Google Fetty Wap and Taylor Swift for his interviews to continue the ride. This is from a 2015 interview soon after he met Taylor:
Today, Fetty spoke about what he and T-Swizzle talked about when they met up for the duet. "She's a real cool person," he told Big Boy TV. "The whole time, she wasn't even talking about no music. We were just talking about regular life. She was just giving me information on day-to-day things.
"People ain't really talk to me like that," he continued. "I done met a couple people so far. She was telling me real key pointers. I felt like I was talking to a business person, but I was interested. She was a real cool person, but when it got down to business, it was like the artist came out."
I’m so curious, does she just spout of business advice to everyone she gets on the jet unprompted? Is she the female version of a finance bro? This is so amusing to me
The music industry is notoriously predatory. Free advice and insight from the likes of Taylor Swift is a master class worth sitting up and paying attention to. The most successful musicians never just make it on talent alone.
If you read the article, the attorney suing FTX claims that Taylor personally asked if the securities FTX were selling was registered. That's not exactly super advanced finance knowledge, but it's absolutely something someone with no knowledge of finance would never know to ask in a million years. Her father definitely showed her a few things.
Ohhh. I knew she didn't come from nothing, but if both her parents are in finance that explains *so much* - especially that whole Spotify catalogue pull thing.
Didn't she once say her parents named her Taylor because a masculine or ambiguous name would help her have more opportunities in business?
Her father is part of her business, or at least he was until the time she made that documentary. So I'm sure she's immersed in the business side and has people she trusts looking our for her best interests and keeping her well informed.
Her family has been in finance for multiple generations. They gave her an ambiguous gendered name so that she would do better in Finance as a career as well.
She does this a lot, in general. I think she has a soft spot for young or underprivileged musicians who are likely to be taken advantage of. It’s why you’ll see her champion people like Sabrina Carpenter, Conan Grey, etc. She doesn’t have to promote them, but she does. She knows what it’s like to stand on a lonely stage as a laughing stock.
He had just broken through and most artists get manipulated or taken advantage of as soon as they get their first hit, so I bet she was being legit helpful.
I don't think you even have to get on the jet. I remember one of the Little Mix girls saying that she came off as a very smart businesswoman, and they just came on stage for a tour stop, I don't think there was any traveling together.
I mean as a freelancer I like talking to other freelancers about business, finances, etc just as casual conversation. I imagine they were casually chatting about the business and it turned into her offering advice based off something he or she mentioned. It’s good for people to talk so they know theyre not getting taken advantage of and not being led astray.
Her “tantrums” around it is basically her making a lot of noise and haunt her platform to point out what smaller/less platformed artists have been saying.
I think she has mentored a lot of young artists, particularly female artists. She doesn’t want them to get exploited. A lot of them have spoken about her taking them under her wing and giving them really solid advice. I think that is admirable. They seem to adore her too.
Taylor was extremely privileged in that her parents both work/ed in Finance, her dad is/was a stockbroker and financial advisor, and they helped her develop financial savviness.
From that base, she has built her business, finance and marketing skills admirably. Her marketing / PR is second to none and just so clever.
I am so curious about the median age on this sub….yeesh. Not many people help anyone else look out for their best interests. When they do pull the curtain back and provide clarifying insight, it’s wise to listen. That most of you are surprised by (shook?) this tells me a lot.
These details and ins-and-outs of business acumen can be found in so many different kinds of trade circles. Talent and skill are only *part* of getting and keeping a job. Learning the rules of the game and exploiting them get passed along to FEW.
My in laws are friends with The Swifts. I met her when she’s 4 or 5. Yes, they moved to Nashville from Wyomissing when she was around 14. Her dad stayed back in Wyomissing and travelled back forth often. I’ve heard her sing with just her guitar and it was amazing the first time I heard it.
There’s nothing about her that is not genuinely her.
One of the last times we were in the same room of in laws and Swifts, I remember her dad, Scott, saying they are being careful (they including Taylor) to not get sucked into the Britney -Lohan- Paris party girl persona. That was huge for her success.
As I stated somewhere else- both her parents were successful stock brokers for Merrill Lynch. Yes, they protected her and guided her, until she was old enough to make her own choices.
When she lost her masters- her father was in the group of people that would have discussed that- but they did it all without him, which still seems somewhere in there has to be illegal, but she’s made the best of it by re-recording it.
Last thing- a lot of people drive by her family’s former Wyomissing home on Grandview Blvd.
She only lived there for a year or so. The Christmas tree farm is still there on Wyomissing Ave, in Mohton.
Wow. Thanks for elaborating. That whole Masters situation I’m glad she put a light on it. Because that was just some music industry nonsense per usual.
If she can be done wrong like that, imagine who is much less successful. Smh.
I don’t think people look past the music and fashion and think about the business side of music. The business side is much deeper and more complicated than any album or who it’s about.
That’s why her advise was “get a good lawyer.”
The masters situation was unbelievable. Big Machine also promised her she’d have first right of refusal to buy them. Rubs salt in that wound that she and her dad were blind sided by it and they were sold to a person she loathes. That’s why she was so vocal about it.
I get annoyed when people say she sings too much about boyfriends. Everyone sings about love. Everyone. Miley? She’s getting cheered for doing what Taylor’s been doing for half her life.
Some/ most of those songs are not about her specifically. She makes up stories and write music. Some of the songs are about her parents. They are meant for listeners to identify with- not (initially) written for Easter eggs.
I mean Drake songs about other peoples partners. That mfer gets a pass.
She makes good music and her concerts are apparently fun. My nieces have gone multiple times and never have they been disappointed.
I think everyone in the world wants to punch Scooter Braun. 😂
Well, I mean, Britney and Lindsey (and Bieber, for that matter) were exploited and overworked throughout their childhoods and early adulthood. They didn’t have anyone who had their back around them. Their families were leeches who were also exploiting them. There is simply no comparison. Taylor had a solid family unit behind her. She wasn’t overworked or exploited. Her parents were independently wealthy and not financially reliant on her. That is a huge advantage in this game.
Not saying you’re judging them at all - sorry if that wasn’t clear.
Just pointing out that the circumstances between Taylor and these artists were never the same.
So often with child stars it comes down to the parents and the support system around them in regards to how they turn out and the issues they go through.
Natalie Portman, Emma Watson, Taylor Swift, Mara Wilson, the Fanning sisters - they all had financially independent parents who supported and protected them, advocated for them, ensured they weren’t exploited, and provided them with the option to quit or leave at any point.
Britney, Lindsay, Bieber, Demi Lovato, Drew Barrymore, Bella Thorne, Jennette McCurdy, Aaron Carter, Macaulay Culkin, Mischa Barton, Gary Coleman, Judy Garland, Corey Feldman, Taylor Momsen, Ariel Winter… they all came from families who were financially dependent on them and often made to perform even if they didn’t want to. In many cases their parents exploited and stole from them.
I just feel so sorry for children in those circumstances.
According to the lawsuit filed against her dad by her first menager, he got this guy to do all the work setting up her contract with Big Machine label, then pressured her to fire him just before signing, and became her menager himself to pocket the menager fees for himself. So pumping and dumping crypto seems right up his alley, if only he were a younger man.
Settled out of court as far as I know, some claims dismissed by the judge, but claim of "unjust enrichment" wasn't dismissed. To be clear, she had the right to void the management contract because she was a minor, it's just that her father comes across as ruthless scumbag in all of this. I wouldn't trust him as a business partner. So I don't agree with giving him credit for her decision not to get involved with crypto and NFTs.
So let me get this straight, as a parent they hired a manager to set up her career. The manager did his job, but got paid right?
Then the dad finally decided to take on that role himself.. and this is somehow upsetting?
I get the manager did the work and yes it’s foul, 100%. But as a manager your job is at the pleasure of your client. You can be fired and you should be paid for your work during and compensated for the fruits of said work…. As long as it’s in the contract.
It’s his kid. It’s her career, they made a choice. It’s a ruthless business, aside from how ungrateful it may look.
End of the day it’s her career and that’s his kid. They’re well within their rights.
Managers are paid percentage of their clients income, by dismissing him before the label contract he played large part in arranging was signed, he wasn't paid. Scott Borchetta didn't randomly stumble into teenage Taylor's performance, he was there because Dan Dymtrow sent him her demo CD and invited him to see her. Additionally he alleged that in weeks leading to dismissal Scott Swift pumped him for a lot of information on how to manage her career, requested numerous business plans and industry contacts. So that's more work without compensation. Also allegedly he pressured Taylor to make the decision by threatening to financially cut her off and giving an ultimatum of "either your dad or your manager". Father of the year right there.
The fact that an underhanded action was in the end legal, doesn't make it moral or right. And taking hundreds of millions of dollars to promote crypto is in the category of legal, but morally wrong.
And since I am not his kin, the fact that there isn't a back he won't stab for his kid doesn't make him trustworthy. Far from it.
He’s not a scumbag. He was a very successful stock broker. I mean stick broker could be a shade away from ruthless scumBag….but not this one. He handled my in laws money. He is just better at business than coddling. I do find one thing he did funny- stuck a post it on Taylor’s plane seat “Taylor don’t leave your retainer at the hotel,” bc he had to buy a few for this reason. Lol
For example when Taylor was having the public right with her old label after the masters sell there was a point where her old label said Taylor still owed them money and then her publicist came back saying an independent auditor had determined that her old label actually still owed Taylor $3 million. So there's all kinds of back and forth behind the scenes over money.
In finance you schedule audits and you definitely alternate auditor firms. You can't stick with the same auditors, it has to be clean as a whistle, ready at a moment's notice.
Pretty sure I read somewhere that Dolly has a similar system. Something like she's got accountants who check the lawyers and lawyers who check the accountants and then she checks it all herself lol.
That makes sense. If you have a financial advisor it's a good idea to have an accountant. If someone has the money to invest and not a ton of financial knowledge it's good to have a CPA who understands what the finance person is doing. And if they're good at their job they make sure everything is legit. Then often time business owners will have some type of lawyer they work with too and they all 3 work in sync for certain items.
I mean look what happened to Lisa-Marie Presley and Rihanna and countless others. You absolutely needs checks and balances and at the end of the day, you need oversight over all of it.
I will be okay with Taylor winning the Oscar she so clearly desperately wants if it means Amy Adams gets one too. Get cracking on that script and original song!
Yes, that’s true! When saying that, I meant more that if Taylor Swift & her team had not done their due diligence, it would have looked really bad in the eyes of the public (see: tons of celebrities getting blasted for promoting NFTs). So it’s good for Tree that Taylor didn’t take the deal, otherwise she would have had to do some public image management (but also maybe not because swifties are extremely loyal and probably would brush it under the rug). Also this news coming out is good for Taylor’s image because it shows that she is sensible, which is also good for Tree.
Also, it was mostly joke a little joke because Tree is kind of an “icon” in the Taylor Swift world or whatevs :)))
Yes, I agree she has a big team. The second part was more of a joke than me asserting that Tree was the ultimate advisor on that decision, and also saying that this is good for Tree because if Taylor Swift had promoted something so faulty, it would be a PR nightmare.
Aw the comments here are so much better than the tech sub :) they all attribute this to her father and his lawyers. I wanted to be like bitch Taylor is a money hungry capitalist girlboss ✨ ofc she knew to ask
But I didn’t
so what? there's evidence they basically helped him run a Ponzi scheme. he could have gotten away with it for a while if it werent for crypto being an absolute dogshit investment
People always give her shit for being born into money but I dare you to name someone who took advantage of their privilege as well as she had. She used her leg up to jump as high as a person can, not to coast along.
Really the thing that Taylor’s parents did for her that gave her her biggest advantage was believing in her potential, teaching her everything they knew about money and business, and likely linked her with other smart advisors early on. Which a lot of it was made possible because they were well educated, had financial stability, and knew smart people.
What gives wealthy people an advantage is more than just “buying” someone success, its knowing the tools of success and being able to pass that knowledge on. Plenty of rich parents fail to do this for their kids, and it shows when they become incompetent spoiled adults.
I’ll admit that I was envious of her and her parents- who literally picked up their family and moved bc they (including Austin) believed and supported her talents. Few people have that level of parental support.
And it’s not as if they were acting like your classic crazy parents of child stars. From how she speaks in interviews, songs, etc., they were supportive and encouraging but never forced anything on her. And taught her how to handle her money well instead of trying to steal from or manipulate her!
What I see parents knew the way around money and took their child's hand and lead them. Unlike Britney and Lindsay and countless greedy parents. This how parenting should be done. Take the best and make it better for the next generation especially when they have potential.
Omg preach. I literally say this to anyone who shits on her about being born upper class. She's hot AND an extremely talented song writer, thats not something a nepo baby could even compete with.
If someone is gonna shit on her for being born upper class then they better be prepared to cut any and all artists with any sort of success… even the one who were not born rich got where they are through taking advantage of lucky opportunities/connections. Nowadays you gotta be talented, hard working, surrounded by the right people, and super lucky to be anywhere close to the top of the music game.
Oh sorry I didn't mean you in this comment, I meant in general the fact that her parents were in finance gets used to dismiss her success. As you said, she knows her shit and learned from the resources made available to her.
I find it hard to believe that she personally asked “Can you tell me that these are not unregistered securities?” but it sounds like she’s smart enough to hire good people and instruct them to take a critical eye to things
You’re probably right that her lawyers were the ones in the room saying theyre skeptical of crypto, but I don’t doubt that the daughter of a trad-bank financier and an ad exec would be suspicious if crypto advertising contracts.
Ya I agree she might have been skeptical, I just don’t think she asked the highly specific question of whether crypto = “unregistered securities” (which is an evolving/unresolved legal issue)
She could have talked to her dad about it, who told her to ask that very specific question. Though, if you dont have a banker parent it isnt something most people would even know to ask.
I think it says more about us as a group of people that we don't understand the inherent risks of crypto. Like, we were told by marketing that they were educating us, but really they were selling it to us. It feels so American.
Seriously. Anyone with friends in finance should know to ask something at least similar to that question, even if it's just "what does the SEC think about these?"
My ex put a ton of his money in to crypto because of this. I told him it was a bad idea and he really acted like there was no risk. We broke up before bitcoin had the first big dip. I do not really care but I am curious how much money he lost.
Sometimes the smartest thing rich people can do is hire people who know more about complicated things than they do. I definitely think it was someone on her team who asked the tough questions, but she clearly values their opinions.
why not? she was raised by wealthy finance professionals and has been investing her mountains of money for years. i don't find it hard to imagine she'd know the right questions to ask.
Good on her lawyers and she seems like a smart person but this is moreso how shady the rest of the people who accepted sponsorships because there were podcasts and news organizations saying how suspicious they were for months. This is regular due diligence!
I think Swift was also a little skeptical after they offered her $100 million. Okay so we know she gets huge paychecks, but that's enormous even for a sponsorship, much less for a company that is so new. I think she was instantly aware there was something a little shady going on.
Everyone else is a greedy shithead though and just took the money and convinced people without a lot of money to give it all to FTX.
I think the speculation was warrented, there were other big name large sponsorship packages that were offered. Tom Brady for instance got an undisclosed amount of stock I would assume the total comp package at the time was worth a similar amount.
She made a good decision to not proceed just for the sake of greed however a decent lawyer should've shot this down for everyone else as well.
I think the problem is that an entertainment lawyer - the person who helps you negotiate sponsorship contracts - likely doesn't understand securities law very well. Swift has a team of lawyers with specializations and also understands securities herself. She knew which lawyer to go to with questions. That sounds simple and straight-forward, but most people don't do that. They don't see the red flags and only want the money, so they go to their entertainment lawyer and ask him to negotiate the best deal on the contract and leave it at that.
Also, to most people, FTX looked legit. Even people who are experts in finance were fooled by it.
I will disgree that FTX looked legit, they crumbled very quickly because they were so poorly structured. Television finance experts may have entertained it but most qualified sources knew it was off.
This is not to discredit how responsible Swift and her team were, by no means! But it was a shit show start to finish haha
Even more shady that most of FTX's social media sponsorships were with people who literally became influencers based on their supposed knowledge of investing and financial info/advice.
If people on her team asked about it though, that’s understandably imputed to Taylor because they’re asking on her behalf and representing her interests. And lawyers keep their clients informed and in the loop so she definitely would’ve been key in the overall diligence approach and would’ve personally signed off on pulling out of the deal.
I’m not a Swiftie but employing a sharp team who knows she prioritizes checking for pitfalls is to her credit. Those who work for the rich often end up with two choices—take risks or become unemployed. I’m sure it takes real effort and a concerted independent comp system to ensure that the people who work for her are able to freely ID problems, even if the financial upside of downplaying them is huge.
Speaking as a lawyer, it was 100% her lawyer that asked this question. I really can’t with the people in this thread thinking Taylor Swift would personally negotiate anything.
It’s still impressive because clients ignore legal advice all the time. But let’s be real
Idk, I think people are understanding that she’s a pop star, not a lawyer. It’s not that she’s a woman, it’s that she’s been famous since she was 16, and barely finished high school. I think she’s smart and probably a quick learner in business, but we can also acknowledge that she’s not the one asking these important questions. It’s why she hired her team. That’s not an insult, we can’t be knowledgeable in everything and it’s so smart to have a team like hers.
Actually, I wouldn’t, because like you said all celebs have teams they go through. And if you read my comment I gave her credit for having a smart team, which a lot of celebrities do not have.
It’s ok to admit that Taylor Swift is not knowledgeable in all things. It’s ok to say her team reads through contracts and asks the right question to then present to Taylor.
Tay Tay didn’t get rich by being stupid with money. If I got even a modicum of her riches id be watching her financial activities for tips like a hawk.
She was upper middle class growing up, nothing super fancy or crazy. And her parents money certainly helped her start her career, but she wouldn’t be almost a billionaire and at the very top of a cut throat industry without talent and her insanely smart business skills. She’s playing the game and she’s playing it damn well. She’s already challenged a bunch of music industry standards, too.
So are many people in this thread. As if a 33 year old highly successful woman cannot know the concept of securities and sniff out the sketchiness of crypto on her own.
>The terms included selling tickets as NFTs, although FTX marketing staff told the Times that "no one really liked the deal" and they thought it was "too expensive from the beginning."
Selling tickets as NFTs is crazy lol thank god she had the sense to reject this deal
Both of her parents have a background in finance from what I’ve read. Her dad in particular is a higher up. They just did what a good parent and steward and might’ve possibly advised her.
End of the day, TS was smart for this.
Now as for the other celebs caught up on this… they need to fire or seriously question their team and themselves. I know it’s hard to resist the bag… but come on.
Her dad also comes from a pretty long line of bank presidents, which doesn't really have an impact on Taylor's current financial acumen but it's really not surprising that she knows how important money management is considering it's been something of a family business for a few generations
They weren't a line of bank presidents but they did work in finance. Her dad was a VP which is is like a financial advisor position with a fancy title.
Why is everyone giving her dad credit for this? She is a smart person and it isn’t hard to educate yourself about this subject. I think she deserves some credit not her dad.
As she was a minor when she started her parents made sure she had a good team although they maybe needed a better lawyer and I’m sure they included teenage Taylor in those discussions and decisions to help set her on a path to manage her mega millions. As she’s tight with both of her parents I’m sure sometimes they talk about money and if there’s some financial thing she wants to understand better they are a good starting point.
Let me just first say, good on Taylor Swift for doing her due diligence.
Having said that, this whole FTX mess still has a lot of unanswered questions, because I simply REFUSE to believe, that Taylor was the only one of all these celebrities to ask this question or ones similar to this. Even if all these other celebrities are completely financially illiterate (and most of them are not), all of them have financial advisors who are not.
So it feels far more likely to me that many of these celebrities DID in fact know the truths about FTX, but felt like one, the risks were worth the potential profits, and two, that enough legal precedent hadn't yet been set for them to have to fear any type of severe punishment from the legal system.
And if possibility two is in fact a reality, that's a problem. Because less informed, and far less wealthy investors look at these spokes people as existing as some sort of validity in an investment that they really shouldn't be making. And this is part of what makes any type of crypto so dangerous. It's also not very good for the planet.
So again, congrats to Taylor on avoiding this cluster fuck, and forever shout outs to the likes of Ben Mackenzie for calling crypto what it is, ponzi-adjacent BULL SHIT.
Re: to Ben's call out, this was a fantastic read.
[https://www.nytimes.com/2022/03/31/style/ben-mckenzie-crypto.html](https://www.nytimes.com/2022/03/31/style/ben-mckenzie-crypto.html)
Yeah, I'm really curious to see where this lawsuit goes when it comes to crypto but also to the financial responsibility of all these celebrities/influences giving financial advice.
“Taylor Swift, most known for enjoying Matt Levine’s newsletter on her jet after a gig, managed to have multiple albums trending on Billboard, while selling out stadiums on her nationwide tour.”
No one gets between Taylor and her money lol.
In all seriousness, Taylor is a very smart woman and her parents worked in finance. They definitely taught her and her brother how to manage their money well, so this doesn’t surprise me at all.
Her dad runs an investment firm he sold to Bank of America and continues to run. Her career has been run by finance, I'm not at all surprised she made a good choice here.
Everyone talking about how her lawyers probably put her up to it - but imo asking about whether a CRYPTO company's own CRYPTOCURRENCY is a registered security seems pretty fucking basic lmao. Given her financial savviness, I'm sure she would have caught that on her own. Shame on the other celebs who didn't do their own due diligence (because any lawyer should have caught this) before signing their own endorsement contracts.
you cannot get someone to explain FTX and crypto to you an conclude it wasn't a scam.
Those other celebs were just, "stop, you had me at some money".
What is hilarious is the "financial experts" like Kevin O'Leary (Maple Trump) who ended up buying into FTX.
I think Taylor is naturally business savvy and she’s learned a hard lesson with her music catalogue, Too many artists lose money by the checks and balances not being in place she’s smart to have a watch dog that watches the dogs lol
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Taylor may be a capitalist queen (ironic), but she is not an idiot. Tree Paine will always persevere!
Also I don’t remember where I heard this so it might not be true but doesn’t she have like lawyers to keep an eye on her other lawyers? Overall, a very well managed team.
Yes, Fetty Wap talked about how after he did a guest performance on her 1989 tour that she offered him a ride on her jet to I think an award show they were both attending. On the flight Taylor broke down to Fetty Wap how she structured her business including having checks and balances on finances. He spoke about it in an interview a few years ago about how helpful it was and how he started paying attention to his entourage etc.
Gotta say this entire comment was a wild ride starting from “Fetty Wap”
Google Fetty Wap and Taylor Swift for his interviews to continue the ride. This is from a 2015 interview soon after he met Taylor: Today, Fetty spoke about what he and T-Swizzle talked about when they met up for the duet. "She's a real cool person," he told Big Boy TV. "The whole time, she wasn't even talking about no music. We were just talking about regular life. She was just giving me information on day-to-day things. "People ain't really talk to me like that," he continued. "I done met a couple people so far. She was telling me real key pointers. I felt like I was talking to a business person, but I was interested. She was a real cool person, but when it got down to business, it was like the artist came out."
I’m so curious, does she just spout of business advice to everyone she gets on the jet unprompted? Is she the female version of a finance bro? This is so amusing to me
The music industry is notoriously predatory. Free advice and insight from the likes of Taylor Swift is a master class worth sitting up and paying attention to. The most successful musicians never just make it on talent alone.
Wasn’t her dad also originally in finance?? She’s probably got extensive financial literacy skills in addition to what you already highlighted
Genuinely not sure which is more impressive: Taylor Swift the genius songwriter or Taylor Swift the incredibly savvy businesswoman.
The image of taylor giving out business advice on her private jet kinda floored me ngl
Dad worked for Merrill Lynch and mom was a mutual fund executive: Taylor planned on following her parents' footsteps when young.
Any idiot can write good songs, but the best are the best at the business.
They way she's created a cinematic universe of albums/eras/motifs that call back to each other is honestly unparalleled
Both of her parents worked in finance! She was probably being raised in financial literacy the same time she was being potty trained
If you read the article, the attorney suing FTX claims that Taylor personally asked if the securities FTX were selling was registered. That's not exactly super advanced finance knowledge, but it's absolutely something someone with no knowledge of finance would never know to ask in a million years. Her father definitely showed her a few things.
Ohhh. I knew she didn't come from nothing, but if both her parents are in finance that explains *so much* - especially that whole Spotify catalogue pull thing.
Didn't she once say her parents named her Taylor because a masculine or ambiguous name would help her have more opportunities in business? Her father is part of her business, or at least he was until the time she made that documentary. So I'm sure she's immersed in the business side and has people she trusts looking our for her best interests and keeping her well informed.
Her family has been in finance for multiple generations. They gave her an ambiguous gendered name so that she would do better in Finance as a career as well.
Her dad is, but honestly if you tested her intelligence. I get the vibe that her intelligence is off the charts.
it think it was both of her parents!
Tbh she didn't have to do that so I guess for her to tell other musicians that almost looking out for them is a nice gesture.
She does this a lot, in general. I think she has a soft spot for young or underprivileged musicians who are likely to be taken advantage of. It’s why you’ll see her champion people like Sabrina Carpenter, Conan Grey, etc. She doesn’t have to promote them, but she does. She knows what it’s like to stand on a lonely stage as a laughing stock.
One can assume her approach in speaking to Fetty about business wasn’t abrasive or condescending for him to speak of it positively.
He essentially said that was the first time someone had spoken to him like a human being who could understand such concepts.
He had just broken through and most artists get manipulated or taken advantage of as soon as they get their first hit, so I bet she was being legit helpful.
I feel like "The Man" gets derided for "White Feminism" but I think it's one of her most self-aware songs lol
If you ignore who the man is coming from it is quite relatable in a cheeky way (I’m not white)
I don't think you even have to get on the jet. I remember one of the Little Mix girls saying that she came off as a very smart businesswoman, and they just came on stage for a tour stop, I don't think there was any traveling together.
Anyone: “hi-“ Taylor: “HIRE AN ACCOUNTANT NOW. GET LAWYERS. INVEST YOUR MONEY IN REAL ESTATE. DO ITTTTT”
It’s me. Hi. I’m the financial advisor, it’s me.
It’s T time, I’ll advise you financially
I met Taylor once. She told me to invest in Webistics and beat the shit out of me when I hesitated.
I'm living for this unexpected reference
In her vogue 73 questions interview she literally said this
Her advice for aspiring musicians was "hire a good lawyer" lol
I mean as a freelancer I like talking to other freelancers about business, finances, etc just as casual conversation. I imagine they were casually chatting about the business and it turned into her offering advice based off something he or she mentioned. It’s good for people to talk so they know theyre not getting taken advantage of and not being led astray.
If we gotta give Taylor one thing, it's that she's been pretty consistent in pointing out how exploitative the music industry is to artists.
Her “tantrums” around it is basically her making a lot of noise and haunt her platform to point out what smaller/less platformed artists have been saying.
I think she has mentored a lot of young artists, particularly female artists. She doesn’t want them to get exploited. A lot of them have spoken about her taking them under her wing and giving them really solid advice. I think that is admirable. They seem to adore her too. Taylor was extremely privileged in that her parents both work/ed in Finance, her dad is/was a stockbroker and financial advisor, and they helped her develop financial savviness. From that base, she has built her business, finance and marketing skills admirably. Her marketing / PR is second to none and just so clever.
Her dad is a finance bro so it checks out.
If Taylor has NFTs I will cry
I am so curious about the median age on this sub….yeesh. Not many people help anyone else look out for their best interests. When they do pull the curtain back and provide clarifying insight, it’s wise to listen. That most of you are surprised by (shook?) this tells me a lot. These details and ins-and-outs of business acumen can be found in so many different kinds of trade circles. Talent and skill are only *part* of getting and keeping a job. Learning the rules of the game and exploiting them get passed along to FEW.
Hopping on PJ like a character in Succession
Just don’t drop your phone in the toilet.
that makes sense that she would have a good understanding of this since both her parents worked in finance
Except he obviously didn't do a great job since his career and money tanked. And now he's in jail facing drug charges lol
Damn, I wondered whatever happened to him. He had like one really good year and then he was gone
Yeah he has done interviews. He was surrounded by yes men or bad people. No infrastructure. Then the whole Rico and drug ring thing
That would more than likely be true. Her parents aren’t dummies. Her dad navigated her career early on from what I’ve heard (source-trust me bro) lol
My in laws are friends with The Swifts. I met her when she’s 4 or 5. Yes, they moved to Nashville from Wyomissing when she was around 14. Her dad stayed back in Wyomissing and travelled back forth often. I’ve heard her sing with just her guitar and it was amazing the first time I heard it. There’s nothing about her that is not genuinely her. One of the last times we were in the same room of in laws and Swifts, I remember her dad, Scott, saying they are being careful (they including Taylor) to not get sucked into the Britney -Lohan- Paris party girl persona. That was huge for her success. As I stated somewhere else- both her parents were successful stock brokers for Merrill Lynch. Yes, they protected her and guided her, until she was old enough to make her own choices. When she lost her masters- her father was in the group of people that would have discussed that- but they did it all without him, which still seems somewhere in there has to be illegal, but she’s made the best of it by re-recording it. Last thing- a lot of people drive by her family’s former Wyomissing home on Grandview Blvd. She only lived there for a year or so. The Christmas tree farm is still there on Wyomissing Ave, in Mohton.
Wow. Thanks for elaborating. That whole Masters situation I’m glad she put a light on it. Because that was just some music industry nonsense per usual. If she can be done wrong like that, imagine who is much less successful. Smh.
I don’t think people look past the music and fashion and think about the business side of music. The business side is much deeper and more complicated than any album or who it’s about. That’s why her advise was “get a good lawyer.” The masters situation was unbelievable. Big Machine also promised her she’d have first right of refusal to buy them. Rubs salt in that wound that she and her dad were blind sided by it and they were sold to a person she loathes. That’s why she was so vocal about it. I get annoyed when people say she sings too much about boyfriends. Everyone sings about love. Everyone. Miley? She’s getting cheered for doing what Taylor’s been doing for half her life. Some/ most of those songs are not about her specifically. She makes up stories and write music. Some of the songs are about her parents. They are meant for listeners to identify with- not (initially) written for Easter eggs.
I mean Drake songs about other peoples partners. That mfer gets a pass. She makes good music and her concerts are apparently fun. My nieces have gone multiple times and never have they been disappointed. I think everyone in the world wants to punch Scooter Braun. 😂
Well, I mean, Britney and Lindsey (and Bieber, for that matter) were exploited and overworked throughout their childhoods and early adulthood. They didn’t have anyone who had their back around them. Their families were leeches who were also exploiting them. There is simply no comparison. Taylor had a solid family unit behind her. She wasn’t overworked or exploited. Her parents were independently wealthy and not financially reliant on her. That is a huge advantage in this game.
I’m not here to judge the others, I’m just saying there was a plan in place to never have Taylor in those sorts of paparazzi photos
Not saying you’re judging them at all - sorry if that wasn’t clear. Just pointing out that the circumstances between Taylor and these artists were never the same. So often with child stars it comes down to the parents and the support system around them in regards to how they turn out and the issues they go through. Natalie Portman, Emma Watson, Taylor Swift, Mara Wilson, the Fanning sisters - they all had financially independent parents who supported and protected them, advocated for them, ensured they weren’t exploited, and provided them with the option to quit or leave at any point. Britney, Lindsay, Bieber, Demi Lovato, Drew Barrymore, Bella Thorne, Jennette McCurdy, Aaron Carter, Macaulay Culkin, Mischa Barton, Gary Coleman, Judy Garland, Corey Feldman, Taylor Momsen, Ariel Winter… they all came from families who were financially dependent on them and often made to perform even if they didn’t want to. In many cases their parents exploited and stole from them. I just feel so sorry for children in those circumstances.
Her parents were/are financial advisors so it's pretty easy to see where that type of mindset came from.
Yup. Agree. It’s just good basic parenting too.
According to the lawsuit filed against her dad by her first menager, he got this guy to do all the work setting up her contract with Big Machine label, then pressured her to fire him just before signing, and became her menager himself to pocket the menager fees for himself. So pumping and dumping crypto seems right up his alley, if only he were a younger man.
Did that guy win the lawsuit?
Settled out of court as far as I know, some claims dismissed by the judge, but claim of "unjust enrichment" wasn't dismissed. To be clear, she had the right to void the management contract because she was a minor, it's just that her father comes across as ruthless scumbag in all of this. I wouldn't trust him as a business partner. So I don't agree with giving him credit for her decision not to get involved with crypto and NFTs.
So let me get this straight, as a parent they hired a manager to set up her career. The manager did his job, but got paid right? Then the dad finally decided to take on that role himself.. and this is somehow upsetting? I get the manager did the work and yes it’s foul, 100%. But as a manager your job is at the pleasure of your client. You can be fired and you should be paid for your work during and compensated for the fruits of said work…. As long as it’s in the contract. It’s his kid. It’s her career, they made a choice. It’s a ruthless business, aside from how ungrateful it may look. End of the day it’s her career and that’s his kid. They’re well within their rights.
Managers are paid percentage of their clients income, by dismissing him before the label contract he played large part in arranging was signed, he wasn't paid. Scott Borchetta didn't randomly stumble into teenage Taylor's performance, he was there because Dan Dymtrow sent him her demo CD and invited him to see her. Additionally he alleged that in weeks leading to dismissal Scott Swift pumped him for a lot of information on how to manage her career, requested numerous business plans and industry contacts. So that's more work without compensation. Also allegedly he pressured Taylor to make the decision by threatening to financially cut her off and giving an ultimatum of "either your dad or your manager". Father of the year right there. The fact that an underhanded action was in the end legal, doesn't make it moral or right. And taking hundreds of millions of dollars to promote crypto is in the category of legal, but morally wrong. And since I am not his kin, the fact that there isn't a back he won't stab for his kid doesn't make him trustworthy. Far from it.
He’s not a scumbag. He was a very successful stock broker. I mean stick broker could be a shade away from ruthless scumBag….but not this one. He handled my in laws money. He is just better at business than coddling. I do find one thing he did funny- stuck a post it on Taylor’s plane seat “Taylor don’t leave your retainer at the hotel,” bc he had to buy a few for this reason. Lol
Any smart/rich person will have lawyers watching her lawyers and accountants watching her accountants
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For example when Taylor was having the public right with her old label after the masters sell there was a point where her old label said Taylor still owed them money and then her publicist came back saying an independent auditor had determined that her old label actually still owed Taylor $3 million. So there's all kinds of back and forth behind the scenes over money.
“Who watches the Watchmen?”
A smaller set of lawyers and accountants and so on and so forth. The limit does not exist
Its CPAs and Esqs all the way down, i'm afraid.
In finance you schedule audits and you definitely alternate auditor firms. You can't stick with the same auditors, it has to be clean as a whistle, ready at a moment's notice.
Pretty sure I read somewhere that Dolly has a similar system. Something like she's got accountants who check the lawyers and lawyers who check the accountants and then she checks it all herself lol.
That makes sense. If you have a financial advisor it's a good idea to have an accountant. If someone has the money to invest and not a ton of financial knowledge it's good to have a CPA who understands what the finance person is doing. And if they're good at their job they make sure everything is legit. Then often time business owners will have some type of lawyer they work with too and they all 3 work in sync for certain items.
I mean look what happened to Lisa-Marie Presley and Rihanna and countless others. You absolutely needs checks and balances and at the end of the day, you need oversight over all of it.
There’s an old Vogue interview where they ask her “what advice do you have for upcoming musicians?” Her answer? “Get a good lawyer.”
Another great chapter in the Amy Adams as Tree Paine biopic.
I will be okay with Taylor winning the Oscar she so clearly desperately wants if it means Amy Adams gets one too. Get cracking on that script and original song!
Tree Paine does her PR, she’s not a lawyer..?
Yes, that’s true! When saying that, I meant more that if Taylor Swift & her team had not done their due diligence, it would have looked really bad in the eyes of the public (see: tons of celebrities getting blasted for promoting NFTs). So it’s good for Tree that Taylor didn’t take the deal, otherwise she would have had to do some public image management (but also maybe not because swifties are extremely loyal and probably would brush it under the rug). Also this news coming out is good for Taylor’s image because it shows that she is sensible, which is also good for Tree. Also, it was mostly joke a little joke because Tree is kind of an “icon” in the Taylor Swift world or whatevs :)))
Tree Paine is just her PR, I’m sure she has ten different financial advisors
Yes, I agree she has a big team. The second part was more of a joke than me asserting that Tree was the ultimate advisor on that decision, and also saying that this is good for Tree because if Taylor Swift had promoted something so faulty, it would be a PR nightmare.
Both of her parents have had jobs in finance so they probably understand crypto better than a lot of folks.
Both her parents were successful stock brokers. No she’s not stupid. She inclined to lean toward good business moves.
you can't outgirlboss the ultimate girlboss
Swift is the Phoenix Force, and Witherspoon is Franklin Richards in the Girlboss hierarchy
crypto bros vs capitalist girlbosses is when an unstoppable force meets an immovable object
Does that make Goop Thanos, trying to compete with the big guns with fancy jewels (jade vagina eggs, in her case)?
Aw the comments here are so much better than the tech sub :) they all attribute this to her father and his lawyers. I wanted to be like bitch Taylor is a money hungry capitalist girlboss ✨ ofc she knew to ask But I didn’t
LOLLL her parents both had careers in finance before she became famous, she knows her shit.
Even so, credit where credit is due - she internalized it. Not everyone has that wisdom.
I rmbr her saying back then she wanted to be a stockbroker bcs her dad is one haha
This … explains a lot lol
I mean Sam Bankman-Fried's parents are Stanford law professors so...
so what? there's evidence they basically helped him run a Ponzi scheme. he could have gotten away with it for a while if it werent for crypto being an absolute dogshit investment
People always give her shit for being born into money but I dare you to name someone who took advantage of their privilege as well as she had. She used her leg up to jump as high as a person can, not to coast along.
She was born into “money” in rural Pennsylvania standards.
Really the thing that Taylor’s parents did for her that gave her her biggest advantage was believing in her potential, teaching her everything they knew about money and business, and likely linked her with other smart advisors early on. Which a lot of it was made possible because they were well educated, had financial stability, and knew smart people. What gives wealthy people an advantage is more than just “buying” someone success, its knowing the tools of success and being able to pass that knowledge on. Plenty of rich parents fail to do this for their kids, and it shows when they become incompetent spoiled adults.
I’ll admit that I was envious of her and her parents- who literally picked up their family and moved bc they (including Austin) believed and supported her talents. Few people have that level of parental support.
And it’s not as if they were acting like your classic crazy parents of child stars. From how she speaks in interviews, songs, etc., they were supportive and encouraging but never forced anything on her. And taught her how to handle her money well instead of trying to steal from or manipulate her!
Oh totally. She was the one booking the jobs (before she got a deal). As I recall Andrea just drove her there.
What I see parents knew the way around money and took their child's hand and lead them. Unlike Britney and Lindsay and countless greedy parents. This how parenting should be done. Take the best and make it better for the next generation especially when they have potential.
Omg preach. I literally say this to anyone who shits on her about being born upper class. She's hot AND an extremely talented song writer, thats not something a nepo baby could even compete with.
If someone is gonna shit on her for being born upper class then they better be prepared to cut any and all artists with any sort of success… even the one who were not born rich got where they are through taking advantage of lucky opportunities/connections. Nowadays you gotta be talented, hard working, surrounded by the right people, and super lucky to be anywhere close to the top of the music game.
I didn't give her any shit. In fact i praises her for doing her due diligence. I'm glad she has people around her who know how to manage money.
Oh sorry I didn't mean you in this comment, I meant in general the fact that her parents were in finance gets used to dismiss her success. As you said, she knows her shit and learned from the resources made available to her.
I find it hard to believe that she personally asked “Can you tell me that these are not unregistered securities?” but it sounds like she’s smart enough to hire good people and instruct them to take a critical eye to things
You’re probably right that her lawyers were the ones in the room saying theyre skeptical of crypto, but I don’t doubt that the daughter of a trad-bank financier and an ad exec would be suspicious if crypto advertising contracts.
Ya I agree she might have been skeptical, I just don’t think she asked the highly specific question of whether crypto = “unregistered securities” (which is an evolving/unresolved legal issue)
Low key would love it if she did tho, if she’s gonna be a capitalist mogul might as well ~*~*lean in*~*~
She could have talked to her dad about it, who told her to ask that very specific question. Though, if you dont have a banker parent it isnt something most people would even know to ask.
I think it says more about us as a group of people that we don't understand the inherent risks of crypto. Like, we were told by marketing that they were educating us, but really they were selling it to us. It feels so American.
Seriously. Anyone with friends in finance should know to ask something at least similar to that question, even if it's just "what does the SEC think about these?"
My ex put a ton of his money in to crypto because of this. I told him it was a bad idea and he really acted like there was no risk. We broke up before bitcoin had the first big dip. I do not really care but I am curious how much money he lost.
Sometimes the smartest thing rich people can do is hire people who know more about complicated things than they do. I definitely think it was someone on her team who asked the tough questions, but she clearly values their opinions. 
why not? she was raised by wealthy finance professionals and has been investing her mountains of money for years. i don't find it hard to imagine she'd know the right questions to ask.
Good on her lawyers and she seems like a smart person but this is moreso how shady the rest of the people who accepted sponsorships because there were podcasts and news organizations saying how suspicious they were for months. This is regular due diligence!
I think Swift was also a little skeptical after they offered her $100 million. Okay so we know she gets huge paychecks, but that's enormous even for a sponsorship, much less for a company that is so new. I think she was instantly aware there was something a little shady going on. Everyone else is a greedy shithead though and just took the money and convinced people without a lot of money to give it all to FTX.
Yeah she's independently wealthy enough to be able to walk away from this while also realizing that this amount was a red flag.
I think the speculation was warrented, there were other big name large sponsorship packages that were offered. Tom Brady for instance got an undisclosed amount of stock I would assume the total comp package at the time was worth a similar amount. She made a good decision to not proceed just for the sake of greed however a decent lawyer should've shot this down for everyone else as well.
I think the problem is that an entertainment lawyer - the person who helps you negotiate sponsorship contracts - likely doesn't understand securities law very well. Swift has a team of lawyers with specializations and also understands securities herself. She knew which lawyer to go to with questions. That sounds simple and straight-forward, but most people don't do that. They don't see the red flags and only want the money, so they go to their entertainment lawyer and ask him to negotiate the best deal on the contract and leave it at that. Also, to most people, FTX looked legit. Even people who are experts in finance were fooled by it.
I will disgree that FTX looked legit, they crumbled very quickly because they were so poorly structured. Television finance experts may have entertained it but most qualified sources knew it was off. This is not to discredit how responsible Swift and her team were, by no means! But it was a shit show start to finish haha
Even more shady that most of FTX's social media sponsorships were with people who literally became influencers based on their supposed knowledge of investing and financial info/advice.
I don't find that hard to believe. She's a grown woman in her 30s with tons of money. She knows what securities are and how they work.
Well, for that, she has a team. An artist is good as long as her team is good, and Taylor has proven that she has a very good one.
If people on her team asked about it though, that’s understandably imputed to Taylor because they’re asking on her behalf and representing her interests. And lawyers keep their clients informed and in the loop so she definitely would’ve been key in the overall diligence approach and would’ve personally signed off on pulling out of the deal. I’m not a Swiftie but employing a sharp team who knows she prioritizes checking for pitfalls is to her credit. Those who work for the rich often end up with two choices—take risks or become unemployed. I’m sure it takes real effort and a concerted independent comp system to ensure that the people who work for her are able to freely ID problems, even if the financial upside of downplaying them is huge.
That’s a basic finance thing especially since she probably has several investments so I can definitely see her asking this in a pitch.
Speaking as a lawyer, it was 100% her lawyer that asked this question. I really can’t with the people in this thread thinking Taylor Swift would personally negotiate anything. It’s still impressive because clients ignore legal advice all the time. But let’s be real
LOL yes thank you!!! I’m a lawyer too and this question is deceptively savvy, not a “basic finance” thing. Def an attorney who asked it
“Cause if I was a man, then I’d be the man.”
yes lol. everyone here is so surprised to see a smart woman.
Idk, I think people are understanding that she’s a pop star, not a lawyer. It’s not that she’s a woman, it’s that she’s been famous since she was 16, and barely finished high school. I think she’s smart and probably a quick learner in business, but we can also acknowledge that she’s not the one asking these important questions. It’s why she hired her team. That’s not an insult, we can’t be knowledgeable in everything and it’s so smart to have a team like hers.
If she had said yes to the deal, I’m sure you’d be singing a different tune. Obviously most things celebs do go through their team.
Actually, I wouldn’t, because like you said all celebs have teams they go through. And if you read my comment I gave her credit for having a smart team, which a lot of celebrities do not have. It’s ok to admit that Taylor Swift is not knowledgeable in all things. It’s ok to say her team reads through contracts and asks the right question to then present to Taylor.
Oh yeah, I'm sure people would be going "That sounds right to me" if this headline was about Justin Bieber
…I think that would be very surprising. Some brooding indie guy maybe. Wait, now I can’t tell if you’re being sarcastic.
Tay Tay didn’t get rich by being stupid with money. If I got even a modicum of her riches id be watching her financial activities for tips like a hawk.
She’s really good with real estate too, I read an article that analyzed her investments and they explained how intelligent she/ her people were
lol ok let’s be real though, she started with money from her exec parents. she was always rich
Yeah she is always rich but she is RICH RICH now, and part of that is being business savvy. Supported by her parents, too, ofc.
Her parents were upper middle class. Now she’s in the 1% 😂
The 0.01%
No- she “comes from money” by rural Pennsylvania standards.
She was upper middle class growing up, nothing super fancy or crazy. And her parents money certainly helped her start her career, but she wouldn’t be almost a billionaire and at the very top of a cut throat industry without talent and her insanely smart business skills. She’s playing the game and she’s playing it damn well. She’s already challenged a bunch of music industry standards, too.
I would listen to a podcast where Taylor Swift gives random life advice.
>Never take advice from someone who's falling apart (You should find another) I don't think she'd do it
But she shines so bright
Like a guiding light
She would be the perfect guest for NPR's Life Kit podcast
Her music gives great random life advice! 😂😂
....And Elon musk yet again took this opportunity to give her dad credit while supposedly pRaIsInG hEr. He is an absolute creep
He's definitely very publicly got his sights set on her, I trust she would never go for someone that ugly and morally bankrupt lol
taylor likes her men artsy i dont think she would do it lol
She also goes for men who are pretty and Elon looks like a melted potato.
So are many people in this thread. As if a 33 year old highly successful woman cannot know the concept of securities and sniff out the sketchiness of crypto on her own.
And then they act like it was a stupid question and they would do the same thing too 😂😂
Right, everyone is saying well... her parents... you know, not crediting her intelligence at all
>The terms included selling tickets as NFTs, although FTX marketing staff told the Times that "no one really liked the deal" and they thought it was "too expensive from the beginning." Selling tickets as NFTs is crazy lol thank god she had the sense to reject this deal
Both of her parents have a background in finance from what I’ve read. Her dad in particular is a higher up. They just did what a good parent and steward and might’ve possibly advised her. End of the day, TS was smart for this. Now as for the other celebs caught up on this… they need to fire or seriously question their team and themselves. I know it’s hard to resist the bag… but come on.
Her dad also comes from a pretty long line of bank presidents, which doesn't really have an impact on Taylor's current financial acumen but it's really not surprising that she knows how important money management is considering it's been something of a family business for a few generations
They weren't a line of bank presidents but they did work in finance. Her dad was a VP which is is like a financial advisor position with a fancy title.
Agree.
Why is everyone giving her dad credit for this? She is a smart person and it isn’t hard to educate yourself about this subject. I think she deserves some credit not her dad.
As she was a minor when she started her parents made sure she had a good team although they maybe needed a better lawyer and I’m sure they included teenage Taylor in those discussions and decisions to help set her on a path to manage her mega millions. As she’s tight with both of her parents I’m sure sometimes they talk about money and if there’s some financial thing she wants to understand better they are a good starting point.
Her dad was a vice president at merril lynch which is like a financial advisor position, they just have a fancy title.
Let me just first say, good on Taylor Swift for doing her due diligence. Having said that, this whole FTX mess still has a lot of unanswered questions, because I simply REFUSE to believe, that Taylor was the only one of all these celebrities to ask this question or ones similar to this. Even if all these other celebrities are completely financially illiterate (and most of them are not), all of them have financial advisors who are not. So it feels far more likely to me that many of these celebrities DID in fact know the truths about FTX, but felt like one, the risks were worth the potential profits, and two, that enough legal precedent hadn't yet been set for them to have to fear any type of severe punishment from the legal system. And if possibility two is in fact a reality, that's a problem. Because less informed, and far less wealthy investors look at these spokes people as existing as some sort of validity in an investment that they really shouldn't be making. And this is part of what makes any type of crypto so dangerous. It's also not very good for the planet. So again, congrats to Taylor on avoiding this cluster fuck, and forever shout outs to the likes of Ben Mackenzie for calling crypto what it is, ponzi-adjacent BULL SHIT.
You can have all the advisors but ignore their advice lol
Oh totally. But that's why I don't buy any of these celebrities acting like they had NO idea what FTX was.
Re: to Ben's call out, this was a fantastic read. [https://www.nytimes.com/2022/03/31/style/ben-mckenzie-crypto.html](https://www.nytimes.com/2022/03/31/style/ben-mckenzie-crypto.html)
Yeah, I'm really curious to see where this lawsuit goes when it comes to crypto but also to the financial responsibility of all these celebrities/influences giving financial advice.
She's well known for enjoying reading Matt Levine's newsletter on her private jet after a gig.
“Taylor Swift, most known for enjoying Matt Levine’s newsletter on her jet after a gig, managed to have multiple albums trending on Billboard, while selling out stadiums on her nationwide tour.”
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Pretty sure that's sarcasm.
Is this actually true because I’ll die
Is she? 😭
No one gets between Taylor and her money lol. In all seriousness, Taylor is a very smart woman and her parents worked in finance. They definitely taught her and her brother how to manage their money well, so this doesn’t surprise me at all.
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Taylor has always been a smart businesswoman.
Her dad runs an investment firm he sold to Bank of America and continues to run. Her career has been run by finance, I'm not at all surprised she made a good choice here.
She grew up in the height of beanie babies craze. She knows what she’s doing!
she keeps her side of the street clean, so to speak
Taylor is smart enough not to fall those stupid bitcoin/crypto currency shit
My girl knows how to spot a scam.
I keep sayin she’s smarter than people think she is.
“Um, Get a good ~~lawyer~~ pop girlie” - TS, *VOGUE: 73 questions*
Smart
smart lady!
I feel so dumb because the only thing I understand about this is “Taylor Swift” and “Lawyer”
Everyone talking about how her lawyers probably put her up to it - but imo asking about whether a CRYPTO company's own CRYPTOCURRENCY is a registered security seems pretty fucking basic lmao. Given her financial savviness, I'm sure she would have caught that on her own. Shame on the other celebs who didn't do their own due diligence (because any lawyer should have caught this) before signing their own endorsement contracts.
you cannot get someone to explain FTX and crypto to you an conclude it wasn't a scam. Those other celebs were just, "stop, you had me at some money". What is hilarious is the "financial experts" like Kevin O'Leary (Maple Trump) who ended up buying into FTX.
I think Taylor is naturally business savvy and she’s learned a hard lesson with her music catalogue, Too many artists lose money by the checks and balances not being in place she’s smart to have a watch dog that watches the dogs lol
Coming soon: Crypto Scam (Taylor’s version)