Taylor Swift nabbed a new title — world’s richest female musician — now that her net worth is estimated to be $1.6 billion dollars, thanks to her sold-out shows from “The Eras Tour.”
The 34-year-old singer was named the top earner for female singers, surpassing the previous title holder Rihanna — whose net worth was reportedly $1.7 billion — but is now estimated to be $1.4 billion, Forbes reported. A large portion of the “Diamonds” hitmaker’s success comes from her lingerie and cosmetics line, the outlet noted.
The “Shake It Off” hitmaker also jumped up in the Forbes list overall as the richest woman, going from 34th place last year to #24 this year, the outlet noted.
The “Lover” singer reportedly has some $125 million in real estate holdings, with homes in New York City, Rhode Island, Nashville, and Los Angeles, the Post noted.
A year ago, Swift earned another new title — billionaire — after her net worth rocketed past the $1 billion mark, as previously reported. In October 2023, she became one of the few singers who managed to get into the billionaire club based on solely her music and performances.
The 53-stop concert series in the U.S., which launched in March of 2023, is estimated to have added $4.3 billion to the country’s gross domestic product, according to Bloomberg.
“In addition to being a generational talent, Taylor Swift is a great economist,” Carolyn Sloane, a labor economist at the University of Chicago, said. “Taylor has great ideas, is able to scale her ideas and seems to be pretty risk-seeking.
The report noted that Bloomberg’s analysis was based only on assets and earnings that could be confirmed or traced from publicly disclosed figures, taking into account the following: the estimated value of her music catalog and five homes, and earnings from streaming deals, music sales, concert tickets, and merchandise.
Swift’s influence has also been felt in Hollywood after she decided to bypass movie studios by self-financing “The Eras Tour” concert film with $15 million in 2023.
The movie version of her concert led the box office, surging well past the $250 million mark globally. Her tour film is also the first independently released film in a decade to make that much, not adjusted for inflation, according to the Hollywood Reporter.
