Taylor Swift has officially become the world’s richest female musician, surpassing Rihanna thanks to the immense success of her The Eras Tour and the value of her music catalogue. At just 34 years old, Swift has earned an impressive $1.6 billion, according to Forbes. This financial achievement is largely driven by her record-breaking global tour, along with the estimated $600 million she’s earned from music royalties and the value of her catalogue.

Swift’s new title places her as the second-richest musician in the world, behind Jay-Z, who has a net worth of approximately $2.5 billion. She ranks 2,117 on Forbes’ list of world billionaires, climbing above other high-profile female musicians like Beyoncé, Madonna, and Celine Dion. Notably, Swift is the first singer to reach billionaire status solely from her music and performances.

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Previously, Rihanna held the title of the richest female musician with a net worth of $1.7 billion, much of which came from her beauty brand, Fenty. However, Swift’s rise marks a historic shift in the industry, underscoring her ability to generate massive wealth primarily from her artistry.

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