Taylor Swift has officially become the richest female musician in the world, surpassing Rihanna with a net worth estimated at $1.6 billion, according to Forbes. This milestone comes after Swift became a billionaire in October 2023, largely due to her highly successful Eras Tour and the value of her music catalog.

Swift, 34, is the first musician to reach billionaire status mainly through her music and live performances. Her wealth includes $600 million from touring and royalties, another $600 million from her music catalog, and $125 million in real estate.

With this achievement, Swift has moved ahead of Rihanna, who was previously the richest female musician, largely thanks to her Fenty Beauty and Savage x Fenty brands. Rihanna’s net worth is now estimated at $1.4 billion, placing her just behind Swift on the Forbes list.

Swift is ranked #2,117 on the Forbes list of the world’s billionaires, while Rihanna is at #2,336. Among other wealthy female musicians, Swift’s net worth is much higher than stars like Beyoncé, Madonna, and Celine Dion.

Currently, Swift is taking a break before continuing her Eras Tour, which will resume in Miami on October 18, 2024.

(With inputs from Billboard)