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Taylor Swift, worth $1.6 billion, overtakes Rihanna as world’s richest female musician

BBG News

As a Swiftie since the early days of her career, witnessing Taylor Swift’s meteoric rise to become the wealthiest female musician is nothing short of breathtaking! The Eras tour has not only solidified her as a powerhouse performer but also catapulted her into the big leagues financially. It’s truly incredible to see her break boundaries and make history by becoming the first musician to amass a fortune primarily from her songs and performances.

I’ve got to say, being a dedicated fan, it’s undeniable that Taylor Swift’s impressive earnings from her Eras tour have catapulted her straight to the summit of Forbes’ 2024 ranking for wealthiest female musicians.

This year, the singer renowned for hits like “Fortnight” and “Anti-Hero” overtook Rihanna in terms of wealth on the ranking of the wealthiest female artists, accumulating a projected fortune of approximately $1.6 billion.

According to Forbes, Taylor Swift claimed the number one spot as a billionaire in October 2023, largely due to income from her highly successful Eras tour and the worth of her music catalog. Importantly, at just 34 years old, Swift is the first musician to achieve billionaire status predominantly through her songs and live performances, as reported by the financial publication.

Rihanna, known for her hit song “Umbrella” and the founder of Fenty Beauty, continues to sparkle as brilliantly as a diamond, having held the top position on a certain list last year. With an estimated net worth of $1.4 billion, this “Diamonds” singer has accumulated significant wealth through her thriving cosmetics line, a partnership with luxury company LVMH, and her Savage x Fenty lingerie brand.

According to Forbes, Swift has reportedly earned approximately $600 million from royalties and touring, and the value of her music catalog she owns is estimated to be around $600 million as well. Additionally, she possesses roughly $125 million in real estate assets.

Currently, the artist who has won 14 Grammy Awards holds the second spot among the wealthiest musicians, regardless of gender. This position is just one step behind Jay-Z, whose net worth is believed to be approximately $2.5 billion. Moreover, she ranks at number 24 on the list of self-made American women and number 14 on the Celebrity Billionaires list (as of April).

The popular artist and her devoted fans, known as Swifties, possess significant influence, a fact she understands well. The overwhelming interest in her Eras tour sparked a class action lawsuit by dissatisfied Swifties against Ticketmaster, which in turn led to a congressional investigation into Live Nation, the parent company of Ticketmaster. Moreover, Taylor Swift’s Eras concerts have stimulated local economies and even caused minor earthquakes across the nation.

Lately, Swift’s backing of Vice President Kamala Harris for the 2024 presidency in September has sparked strong criticism from Trump, a previous Republican president.

Despite uncertainty about the impact of the singer’s opinion on the November 5th election, over 405,000 people clicked a voter registration link in an Instagram post endorsed by her within 24 hours following its publication.

Right now, Swift is having some time off from her ongoing world tour. The overseas part of the tour concluded in August with five performances at Wembley Stadium, London. However, the tour will resume in the U.S. this month, starting with a concert on October 18th in Miami.

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2024-10-08 00:31

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