Taylor Swift overtakes Rihanna to become world's richest female musician

As of Monday, October 7, 2024, Forbes has confirmed that Taylor Swift is the richest female musician in the world with a net worth of $1.6 billion.

Forbes credits the pop star's financial success primarily to her sold-out global Eras tour and the value of her entire music catalogue, making her the first musician to become a billionaire from her songs and live performances.

Part of her fortune includes close to $600 million from royalties and touring, another $600 million from her music catalog and some $125 million in real estate.

On the Forbes list of the world's billionaires, she is ranked #2,117. Some of the female musicians she has now surpassed include Madonna at $850 M, Beyoncé at $760 M, Celine Dion at $550 M, and Rihanna at $1.4 billion.

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Ranked #2,336 on the updated Forbes world list, Rihanna has been unseated of her status as the world's richest female musician. When she held the position, her net worth peaked at $1.7 billion. And this was credited mainly to the success of her Fenty Beauty line and Savage x Fenty lingerie.

Based on Swift's net worth, she has now become the second richest musician in the world, coming right after Jay-Z who is worth around $2.5 billion.

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