Taylor Swift is now the richest female musician with $1.6 billion net worth, overtakes Rihanna

Taylor Swift has reached another major milestone in her career, now holding the title of the richest female musician in the world. Forbes estimates her net worth at $1.6 billion.

Swift's record-breaking Eras Tour helped her achieve billionaire status in 2023. Her fortune is made up of $600 million from concert sales and royalties, another $600 million from her music catalog, which she began re-releasing in 2021 as "Taylor's Version," and approximately $125 million in real estate.

In 2019, Swift revealed her plan to re-release her albums in an effort to gain ownership of her masters, giving her full control over her work. Since then, she has re-released four albums: "Fearless (Taylor’s Version)," "Red (Taylor’s Version)," "Speak Now (Taylor’s Version)," and "1989 (Taylor’s Version)." Many of these re-releases have returned her to the charts, along with some of her well-loved older tracks. Swift has strategically included additional content with these releases and made subtle adjustments to some of her classics.

In addition to her re-releases, Swift introduced brand-new music, releasing an album in April titled The Tortured Poets Department. This album became her longest-running No. 1 in the U.S., holding the top spot for more than 14 nonconsecutive weeks.

Her increasing album sales and touring success pushed Swift past Rihanna to become the wealthiest female musician. Forbes values the Barbadian singer’s net worth at $1.4 billion, boosted by the tremendous success of her makeup brand, Fenty Beauty.