Taylor Swift, an American pop singer and musician, has surpassed Rihanna to become the richest female artist in the world with an estimated net worth of $1.6 billion.
Swift’s music career, which included her record-breaking Eras Tour and an extremely expensive song catalogue, is the main source of her fortune. According to Forbes, she is the second-richest musician after Jay-Z.
As of October 8, 2024, Swift’s estimated net worth exceeded Rihanna’s, who is predicted to be worth $1.4 billion, according to Forbes. With a net worth of $2.5 billion, hip-hop icon Jay-Z is the richest artist.
The Grammy-winning vocalist’s songs and performances have made her the first musician to become a billionaire.
“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,” Forbes adds its rankings.
In addition to this, she earns $600 million from royalties and touring, complemented by around $125 million in real estate assets,” Forbes stated.
With up to $4.1 billion expected to be made for the musician, the Eras Tour is predicted to be the most profitable in American history.
Swift’s Eras Tour is coming to a conclusion by the end of 2024, having completed the European leg of the journey.
Rihanna, whose net worth of $1.4 billion, was formerly the highest among female musicians.
According to Forbes, Rihanna’s business endeavors outside of music, particularly her cosmetics brand Fenty Beauty, which saw a doubling in sales in 2022, are mostly responsible for her riches.
She also holds a 28% share in the Savage x Fenty lingerie company, which in January 2022 raised $125 million during a fundraising round.
Source: newsthemegh.com