Taylor Swift has officially dethroned Rihanna to become the world’s richest female singer, causing a shakeup in the music industry. Swift’s net worth has now risen to $1.6 billion, surpassing Rihanna’s $1.4 billion.
Swift’s financial success can be attributed to the success of her Eras Tour, album sales, and streaming revenues. According to reports, the Eras Tour has generated hundreds of millions of dollars in revenue. Furthermore, her decision to re-record her older albums, notably 1989 (Taylor’s Version), has proven to be a wise business move, generating significant revenue from streaming sites such as Spotify.
While Rihanna’s income is based on both her music and her hugely successful Fenty Beauty company, Swift’s riches is based exclusively on her music and tours, making her accomplishment all the more impressive. According to Forbes, Swift is currently the first female musician who has earned billionaire status solely via music.
Taylor Swift is now second only to Jay-Z on the list of the world’s wealthiest musicians, thanks to her relentless success. Taylor is clearly setting new norms for riches in the entertainment industry, in addition to smashing music records.
