On Monday, October 7, 2024, Forbes confirmed that Taylor Swift has officially become the richest female musician in the world with a staggering net worth of $1.6 billion.
At just 34 years old, she has achieved this remarkable feat solely through her music and live performances, making her the first musician to enter the billionaire league on the strength of her songs and concerts.
Forbes attributes Swift’s financial success primarily to her highly successful global Eras tour and the exceptional value of her entire music catalogue.
A significant portion of her fortune, approximately $600 million, comes from royalties and touring, while another $600 million is derived from the immense value of her music catalog. Additionally, she has amassed around $125 million in real estate investments.
As a result of her phenomenal wealth, Taylor Swift has secured the impressive ranking of #2,117 on Forbes’ list of the world’s billionaires. This extraordinary achievement places her ahead of other renowned female musicians, such as Madonna, Beyoncé, and Celine Dion.
Notably, Swift has even surpassed Rihanna, whose net worth previously peaked at $1.7 billion, thanks in large part to the success of her Fenty Beauty line and Savage x Fenty lingerie.
Despite her remarkable accomplishment, Taylor Swift is now the second richest musician in the world, trailing behind Jay-Z, whose net worth is estimated to be around $2.5 billion.
Nevertheless, her ascent to the pinnacle of the music industry’s wealth rankings is a testament to her unparalleled talent and enduring impact on the global music landscape.
Story by Obaapa Janee
