With net worth of $1.6bn, Taylor Swift displaces Rihanna to become world’s richest female musician

Popular American singer, Taylor Swift, has emerged as the world’s richest female musician.

Her financial success was credited to her sold-out global The Eras Tour and the value of her entire music catalogue.

The 34-year-old is the first singer to become a billionaire only from her songs and live performances.

According to Forbes, Taylor Swift became the world’s richest singer with a net worth of $1.6 billion.

Part of her fortune includes $600 million from royalties and touring and another $600 million from her music catalogue.

Taylor Swift has now become the second-world richest musician, after Jay-Z, who is worth around $2.5 billion.

She is ranked 2,117 on Forbes list of world’s billionaires, surpassing other female musicians like Celine Dion at $550 million, Rihanna at $1.4 billion, Beyoncé at $760 million, and Madonna at $850 million.

Rihanna, who ranked 2,336 on Forbes list, was previously the world’s richest female musician when her net worth was $1.7 billion.