Taylor Swift becomes the richest singer: This is who is behind her

Top line

Taylor Swift has jumped from singer and beauty mogul Rihanna to become the world’s richest singer following the huge success of her Eras Tour, while other female artists, including Madonna and Beyoncé, have ranked outside the billion-dollar club.

Swift’s Eras Tour helped make her a billionaire last year. (Photo by Demetrius … [+] Kambouris/Getty Images)

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Basic facts

Swift’s fortune now stands at $1.6 billion, according to Forbes estimates, an increase of $500 million from last October, when Forbes reported that Swift had become a billionaire with a net worth then estimated at $1.1 billion.

Right behind Swift is Rihanna ($1.4 billion), whose wealth comes largely from her stakes in Fenty Beauty and Savage

Madonna, she is one of the world Top touring artists With more than $1.6 billion Total total In all her concert tours, she ranks behind the billionaire with an estimated net worth of $850 million in May.

Beyoncé’s fortune is estimated at $760 million as of May, which increased last year after she earned about $100 million from her Renaissance World Tour.

Canadian superstar Celine Dion’s fortune is estimated at $550 million, most of which comes from her successful concerts in Las Vegas.

EGOT Award-winning singer and actress Barbra Streisand, who published her nearly 1,000-page memoir last year, has an estimated net worth of $460 million.

Forbes estimates that country music star Dolly Parton is worth $450 million, most of which comes from her stake in Dollywood, a family theme park in Tennessee, and from her music catalog, estimated at $150 million.

Katy Perry’s net worth is estimated at $350 million, following the $225 million sale of her music catalog in 2023 and her stint as a judge on American Idol. It is said that it happened Hers is $25 million per season.

How did Swift make her fortune?

Swift (34 years old) will become the first musician to become a billionaire based solely on the value of her songs and performances in 2023. Forbes estimates that the value of her music catalog is $600 million, and her tours and revenues have brought her another $600 million. She also owns real estate valued at $125 million. Her leap to billionaire status was largely driven by her ongoing Eras Tour, which began in March 2023 and is scheduled to end in December. Last year, Forbes estimated that the first leg of the Eras Tour alone brought in $190 million. The Eras Tour became the first concert tour ever to gross over $1 billion, Polestar reported In December.

How did Rihanna make her fortune?

Rihanna, 36, became a billionaire in 2021, according to Forbes estimates, largely due to the value of her stake in Fenty Beauty, the cosmetics company she launched in 2017. She owns a 50% stake in the company, as well as an estimated 28% %. A stake in the lingerie brand Savage X Fenty. Both companies are named after the singer, whose real name is Robin Fenty. She launched her newest beauty line, Fenty Hair, in June. Forbes ranked Rihanna as the 74th most powerful woman in the world in 2023. The rest of her wealth comes from her music catalog, and she has 14 songs on the Billboard Hot 100. No. 1 hitsHe is the third biggest artist, after The Beatles and Mariah Carey. She performed at the Super Bowl halftime show in 2023, a short break from her years-long hiatus from her music career. She has not released any album since her album “Anti” in 2016.

What other musicians have made the billionaire ranks?

Jay-Z is the richest musician on Forbes’ billionaires list, with an estimated net worth of $2.5 billion. He is the first rapper to reach the ranks. His wealth comes largely from the liquor business: he sold a 50% stake in his champagne brand, Armand de Brignac, to French luxury goods company LVMH in 2021 for at least $300 million, and a majority stake in his D’Usse cognac brand to Bacardi For $750 million in 2023. Forbes ranked Jay-Z as the fifth richest celebrity in the world in April. Forbes magazine reported that Bruce Springsteen became a billionaire last June, with his net worth estimated at $1.2 billion. The New Jersey legend made much of his fortune from his music catalog, which he sold to Sony in 2021 for $500 million. Outside of music, Kim Kardashian ($1.7 billion) and Oprah Winfrey ($3 billion) overtake Swift and Rihanna as the world’s richest female celebrities.

Shadow

As Swift’s wealth and fame have grown, so has her reputation as one of the most powerful people in the world. Forbes ranked her as the fifth most powerful woman in the world in 2023 – making her the highest-ranking artist, and placing her at the top of the world’s most influential political and business leaders – citing the impact of the Eras Tour on local economies and the dedication of her fan base known as Swifties. Swift was also named 2023 Person of the Year and is considered an influential figure in politics. Ha support Vice President Kamala Harris was credited with Increase in visits To Vote.gov, a voter registration site.

Taylor Swift becomes the richest singer: This is who is behind her