Taylor Swift has taken her place as the world's richest female musician. The “mastermind” of the record-breaking Eras tour has a net worth of $1.6 billion according to Forbes magazine, surpassing Rihanna at $1.4 billion on the magazine's “Real Time Billionaire List.”

The “Shake It Off” singer officially achieved billionaire status in October 2023 and made the 2024 Forbes World Billionaires list for the first time in April 2024, but on Saturday, October 5, she officially surpassed Rihanna as the richest female musician Swift is now the richest female musician on the list. Swift now ranks as the second richest musician behind Jay-Z, who has a staggering net worth of $2.5 billion.

Her fortune is unique, coming primarily from royalties and tours ($600 million) and her music catalog (another $600 million), as well as business ventures. This makes Swift “the first musician to enter Forbes magazine's ranking of billionaires based primarily on her songs and performances.”

Rihanna closely follows Taylor with a fortune of $1.4 billion, but her wealth comes primarily from her brand Fenty empire, not her music.

Real estate also plays a part in the “Cruel Summer” singer's wealth, with $125 million in five properties adding to her bank account over our “Wildest Dreams.”

The unprecedented success of her Eras tour certainly played a major role in Swift reaching billionaire status last year, and according to Pollstar (via Rolling Stone) magazine, the performances became the first tour to earn a billion dollars and the most profitable ever The tour became the most profitable in history. Some of the millions of spectators who lined up for the merch were said to have spent roughly $200 million on their purchases alone. That's a lot of hoodies for the Elas Tour.

In her quest for musical independence, Swift's re-recorded albums have dominated the charts. According to Forbes, her latest album, The Tortured Poets Department, sold 1.4 million copies on its release date alone and held the top spot on the Billboard 200 for 15 weeks.

However, despite being one of the richest musicians in the world, Swift is ranked #2,545 on the Forbes list, with Elon Musk taking the top spot.