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Pop

Taylor Swift Passes Rihanna to Claim World’s Richest Female Musician Crown With Est. $1.6B Net Worth

The Eras Tour has seriously boosted the singer's bottom line.

Taylor Swift performs on stage during during "Taylor Swift | The Eras Tour" at Anfield on June 13, 2024 in Liverpool, England.

Taylor Swift performs on stage during during "Taylor Swift | The Eras Tour" at Anfield on June 13, 2024 in Liverpool, England.

Gareth Cattermole/TAS24/Getty Images for TAS Rights Management

After reportedly becoming a billionaire last year thanks to her juggernaut Eras Tour, Taylor Swift is now putting some distance between herself and other musical moguls. According to Forbes magazine Swift, 34, has surpassed Rihanna to become the world’s richest female musician with a net worth estimated at $1.6 billion.

The financial magazine said after Swift became a billionaire in Oct. 2023 thanks to earnings from her sold-out global Eras tour and the value of her music catalog, it noted that she’s the first musician to make the billionaire ranking primarily based on her songs and live performance. Among Swift’s estimated assets are $600 million from touring and royalties, as well as $600 million from her catalog and $125 million in real estate holdings.


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The calculation of Swift’s wealth put her at #2,117 on the Forbes list of the world’s billionaires, ahead of such fellow female icons as Dolly Parton ($450 million), Barbra Streisand ($460 M), Celine Dion ($550 M), Beyoncé ($760 M), Madonna ($850 M) and Rihanna ($1.4 billion).

Rihanna, in fact, is now just behind Swift (at #2,336 on the Forbes world list), with a mega-fortune thanks mainly to the success of her Fenty Beauty line and Savage x Fenty lingerie; at one point Rihanna held the title of the richest female musician of all-time when her net worth peaked at $1.7 billion.

With her new Forbes high, Swift ranks No. 2 on the list of richest musicians, trailing top dog Jay-Z, whose value is estimated to be around $2.5 billion. Swift is currently on a break as she gears up for the final run of Eras Tour shows, which resume on Oct. 18 with a show in Miami at Hard Rock Stadium.

This article was originally published by Billboard U.S.

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Canadian Music Funding Body FACTOR Says It is the Victim of $9.8 Million  in Cybertheft
Photo by PiggyBank on Unsplash
Business News

Canadian Music Funding Body FACTOR Says It is the Victim of $9.8 Million  in Cybertheft

A new report reveals that the major Canadian funding body, which distributes millions of dollars in financial support to musicians, labels and music companies, alleges that nearly $10 million was stolen from its bank account earlier this year.

FACTOR Canada says it has fallen victim to serious cybertheft.

In a new report for the Globe & Mail, Josh O'Kane details new court filings by the music funding body, which reveal claims that $9.8 million was stolen from a Scotiabank account earlier this year.

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