Taylor Swift unseats Rihanna: now she is the richest singer in the world | People

Taylor Swift has officially become the richest female music artist in the world. At 34 years old, the one from Pennsylvania has taken first place from Rihanna (Barbados, 36 years old), who has held the title since 2019, according to what the magazine has published Forbes this Monday, October 7.

The publication highlights that Swift, who first reached billionaire status at the end of 2023, had an extraordinary increase in her net worth as a result, above all, of her successful international tour. The Eras Tour ―which began in March 2023 and is scheduled to end in December 2024― and the growing value of its musical catalog. In fact, thanks to that tourthe singer of Shake It Off either love story It holds the record for the highest-grossing tour in history, with more than $2 billion raised in its 125 years. shows ―until now none had reached 1,000 million―. That is, approximately 16 million dollars per concert that has also left a great economic impact as it passes through the five continents. Furthermore, his film Eras Tourbased on his tour, was also a success, grossing more than $261 million at the box office since its release in October 2023.

Currently, according to Forbes Swift’s fortune reaches 1.6 billion dollars (about 1,458 million euros at the current exchange rate), and what distinguishes her from most of her professional colleagues is that it comes mainly from her music. This equity includes the profits of The Eras Tourwhich is now on hiatus, and the profits, which together have brought him about 600 million, to which are added another 600 million from his catalog of songs, and another 125 million more in real estate properties (he has houses in Nashville, Rode Island, New York, Los Angeles and Massachusetts, according to the specialized portal Celebrity Net Worth).

In the case of Rihanna, who had been leading the list of the richest singers in the world for five years Forbesthe bulk of his fortune, now situated at around 1,400 million dollars (1,274 million euros), is due not so much to music as to his fashion businesses (Savage X Fenty) and cosmetics (Fenty Beauty, associated with the conglomerate of luxury brands LVMH). In fact, the singer of Umbrella either Love on the Brain hasn’t released an album in almost a decade. The last one was Anti, in 20216. But she doesn’t need it either: her cosmetics brand, Fenty Beauty, of which Rihanna owns 50%, generated $100 million in revenue in its first two months since launching in 2017. In 2018, the line has already generated 570 million dollars and Celebrity Net Worth esteem that the current value of the firm is between 2,000 and 3,000 million dollars. The Savage

Rihanna’s path of translating the success of her fame into various successful businesses and commercial agreements is the one usually shared by artists who, like her, lead the wealth lists — it is the same case, for example, as Selena Gomez, who Last September she became a billionaire according to Bloomberg—. That is why Swift’s case draws attention. The magazine itself Forbes already pointed out in 2019 that singers are increasingly relying on lucrative non-musical agreements to boost their status, but in the case of Swift that trend is not true. In October 2023, the American became the first multi-millionaire artist to become one mainly thanks to her songs and performances, according to the financial publication.

In the general list of richest musical artists, without differentiating between men and women, Swift is only ahead of rapper Jay-Z, who leads the general classification of Forbes (and Rihanna maintains third position). The American rapper – married since 2008 to the singer Beyoncé, who occupies the fourth position of the richest female musical artists behind Madonna – has accumulated a net worth of about 2.5 billion dollars (2.276 million euros), also driven by his business and investments.