It’s official: Taylor Swift has become the richest female musician globally, surpassing Rihanna with an estimated net worth of $1.6 billion. Forbes confirmed the news yesterday, updating Swift’s financial status following the historic success of her “Eras Tour” and the enduring popularity of her music catalog.

Swift now leads the list of wealthiest female musicians, overtaking Rihanna‘s current net worth of $1.4 billion. In addition to her title as the richest female artist, she ranks second on the overall list of the richest musicians, just behind Jay-Z, who has a staggering $2.5 billion.

Unlike many other wealthy musicians, Taylor Swift’s fortune primarily stems from her music career. As highlighted when she first reached billionaire status in October 2023, she is the only musician in history to achieve a 10-figure net worth mainly from  album sales and live performances, rather than from entrepreneurial ventures. Just a year later, Forbes estimates that $600 million of Swift’s wealth comes from tour revenues and royalties, another $600 million from the value of her music catalog, and $125 million from real estate investments.

Swift has been a constant figure on the list of “richest musicians,” but her financial rise in recent years is astounding. In 2020, her net worth was estimated at $365 million, meaning she has amassed around $1.2 billion in just the last four years.

While Rihanna still holds the title of the “richest female musician of all time,” having once reached a peak net worth of $1.77 billion, Swift may soon claim that title too. With the final dates of her “Eras Tour” set to close in the U.S. and Canada later this year, her fortune is likely to grow even more.