Taylor Swift has officially claimed the title of the world’s richest female musician, surpassing Rihanna, who previously held the record with a fortune of $1.4 billion.

Swift became a billionaire in October 2023, propelled by the phenomenal success of her Eras Tour and her extensive music catalog. The “Anti-Hero” singer has earned $600 million from royalties and touring, with her music catalog also valued at approximately $600 million, according to Forbes.

Additionally, Swift boasts an estimated $125 million in real estate, with homes in Rhode Island, New York City, Nashville, and Los Angeles. As of earlier this year, her Eras Tour has grossed over $2 billion, having launched in March 2023 and set to conclude in December.

Taylor Swift, the world’s biggest pop star and its most famous “childless cat lady”, is now also the planet’s wealthiest female musician, according to Forbes – a title most recently held by singer and cosmetics mogul Rihanna.

Forbes estimates Swift is worth US$1.6 billion ($2.61b). When it comes to musicians, only hip-hop mogul Jay-Z is worth more than Swift, at US$2.5 billion ($4.1b).

But what makes Swift’s fortune special is where it comes from. While most musicians have generated their wealth by cashing in on lucrative lifestyle brands and corporate partnerships, Swift has amassed her fortune primarily through her music.

According to Forbes, which tracks the net worth of the world’s richest people, she’s the first musician to become a billionaire chiefly through her musical success – including revenue from her record-breaking Eras Tour and the value of her catalogue.

Swift has amassed her fortune primarily through her music. Photo / Getty Images

This should come as no surprise to the legions of Swifties who tried to get tickets for the Eras Tour, which began in March 2023 and was the first in US history to gross more than US$1b. The tour has spanned five continents and gave the US economy a US$5.7b ($9.3b) boost in 2023, according to a Washington Post analysis.

The success of the tour launched Swift to billionaire status for the first time in October last year. Forbes estimates Swift has made US$600 million ($978m) through touring and royalties alone.

Forbes values Swift’s musical catalogue at another US$600m. That’s more than Bruce Springsteen’s, which he sold to Sony Music for US$550 million in 2021, but less than Queen’s, which Sony Music acquired for US$1.2b ($1.9b) earlier this year.

Forbes places Rihanna’s net worth around US$1.4 billion. Photo / Getty Images

Meanwhile, Swift’s wealthiest musical peers have largely owed their fortunes to lucrative side projects and partnerships.

Despite persistent pleas from her fans, Rihanna hasn’t released a studio album since 2016′s Anti. But the star’s cosmetics line Fenty Beauty, launched in 2017, catapulted her into the category. Forbes places the Bajan singer’s net worth around US$1.4b (Rihanna owns a 49.9% stake in the brand, which is valued at US$2.8b ($4.5b).

More and more, the money is not made from actual music but from monetising their fame – and their brands. A similar calculus holds true for hip-hop’s first billionaire – and the current world’s wealthiest musician. Jay-Z’s last studio album was a 2018 collaboration with his wife, Beyonce, Everything Is Love. It was ranked only the 70th most popular album of that year, according to Billboard. The 54-year-old Rock and Roll Hall of Fame inductee has won Grammys and an Emmy for his work producing the Super Bowl halftime show, but his riches come primarily from his other businesses, including his champagne brand, Armand de Brignac (also known as Ace of Spades), and his cognac brand, D’Usse. Jay-Z also has stake in companies such as Uber, CashApp parent company Block and music streaming service Tidal.

While Swift is on a break from the Eras Tour – it resumes October 18 in Miami – the singer has been flexing her political influence. Swift endorsed US Vice-President Kamala Harris in September, citing Harris and running mate Minnesota Governor Tim Walz’s support of abortion rights, IVF and LGBTQIA+ rights.

“She fights for the rights and causes I believe need a warrior to champion them,” Swift said of Harris.