Taylor Swift becomes world’s richest female musician, surpassing Rihanna and second richest musician.
American pop star Taylor Swift has officially become the world’s richest female musician, boasting an estimated net worth of $1.6 billion. Swift’s new financial milestone sees her surpassing Rihanna, who previously held the title, with a net worth of $1.4 billion.
Swift’s fortune is primarily derived from her thriving music career, which includes the record-breaking Eras Tour and the high value of her music catalogue. According to Forbes, she now ranks second on the list of the world’s richest musicians, trailing only hip-hop mogul Jay-Z, who leads with a net worth of $2.5 billion.
The Forbes report from October 8, 2024, states that Swift’s wealth stems from multiple sources. “Her fortune includes nearly $600 million amassed from royalties and touring, plus a music catalog worth an estimated $600 million and some $125 million in real estate,” the report noted.
Additionally, her Eras Tour is expected to make history as the most profitable tour ever in the United States, with projected earnings of up to $4.1 billion by the end of 2024. Swift has completed the European leg of the tour and will wrap up her global performances later this year.
Rihanna, who previously held the title of the world’s richest female musician, has a net worth of $1.4 billion, largely driven by ventures outside of her music career. Rihanna’s wealth comes primarily from her business empire, including her highly successful cosmetics line, Fenty Beauty, which doubled its revenue in 2022. She also owns a 28% stake in the lingerie brand Savage x Fenty, which raised $125 million in a funding round in early 2022.
While Rihanna’s success in fashion and beauty has been remarkable, it’s Swift’s relentless focus on music and performance that has propelled her to the top of the world’s richest female musicians.
