With an estimated net worth of $1.6 billion, Taylor Swift has been officially named the richest female musician in the world. The 34-year-old American singer-songwriter has broken new ground by being the first artist to amass a billion dollars from her music and concerts throughout the world. She is only behind Jay-Z, who is the richest musician in the world with a net worth of $2.5 billion.
Thanks to the massive profits from her Eras Tour and music worth over $600 million, Taylor Swift became a billionaire in October 2023.
Many of Taylor Swift's rivals, according to a Washington Post article, have become quite wealthy from activities other than music. Take Rihanna as an example. She hasn't released a new album since 2016's Anti, but her makeup line Fenty Beauty, which debuted in 2017, has really enhanced her financial situation. Her net worth is at $1.4 billion, according to Forbes. Meanwhile, The Washington Post reports that Jay-Z, who is the richest artist in the world, gets a significant portion of his fortune from businesses outside of music.
At the moment, Taylor Swift is the 2,117th wealthiest person in the world, according to Forbes. On the other hand, Rihanna secured the position of 2,336.
According to Forbes, Taylor Swift's money is distributed as follows: $125 million from real estate investments, $600 million from the value of her huge song catalogue, and $600 million from tour earnings and royalties. Particularly, the re-recording of ‘1989 (Taylor's Version)’ in 2023 and her 2022 album ‘Midnights’ are significant factors in the notion that she earned $100 million in royalties from Spotify streaming alone in 2023.
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Taylor Swift's Upcoming Tours
Following the conclusion of the European part of her Eras Tour in August, Taylor Swift will begin her last leg in the United States on October 18. This will be the final leg of her tour, which will be completed before the end of the year.