Tuesday, October 8, 2024

Taylor Swift overtakes Rihanna to become world’s richest female musician

Taylor Swift Named the richest female musician in the world.

Swift, 34, has a net worth of $1.6 billion Forbes. Rihanna was previously in this position, which was $1.7 billion, but her estimated net worth has dropped to $1.4 billion.

The pop star hit $1 billion in October, largely due to The Eras Tour and her recent albums. Swift is one of the few musicians to have achieved this financial feat through music releases and performances alone. Bloomberg It was reported then.

Swift kicked off The Eras Tour in Arizona in March 2023. He toured the United States throughout that summer, ending the first leg of the tour in Los Angeles in August 2023. He embarked on an international tour in February and is set to wrap up his shows in December after bringing his stage back to the US. The tour is projected to bring in $1.5 billion based on ticket prices, according to Forbes.

‘Swift Lift’: How Taylor Swift Is Boosting the Economy

Taylor Swift’s net worth has increased to $1.6 billion. (Getty Images / Getty Images)

Swift chose to release her concert film only in theaters. “Taylor Swift: The Eras Tour” It premiered on October 13, 2023 and grossed $92.8 million in its opening weekend.

Since achieving billionaire status, Swift released her 11th studio album, “The Tortured Poets Department,” in April.

The global pop star has managed to keep bringing in the money while other artists struggle in the new age of streaming.

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“Taylor is in a unique position to monetize her talent. In an era where artists have lost millions — as album sales have given way to digital downloads — she’s actually riding the technology wave instead of going out with the digital wave,” branding expert Doug Eldridge previously told Fox Business.

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Taylor Swift is on tour in London

Taylor Swift officially became a billionaire in October 2023. (Kevin Mazur/Getty Images/Getty Images for TAS Rights Management)

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Taylor Swift rocks a purple dress

Taylor Swift is currently on The Eras Tour. (Getty Images/Getty Images for Buda Mendes/TAS23/TAS Rights Management)

Swift has fundamentally changed the music industry for female artists, says Dr. According to Sonja Stripling.

“It’s not just the money she’s making, which is very important, but she’s paving the way for others to follow,” Dr. Stripling told Fox Business. “She and Beyoncé have no doubt talked about it, because they’ve paved the way for others to follow. They’re pioneers in many things — especially for women — leading the way. So, it’s not just billionaire status, but Taylor is going to go down in history for setting high goals that others want to achieve.”

“I know that only 1% of this population in the industry that he operates in, maybe even less, will achieve what he has achieved, and he makes it look so simple,” he added.

Taylor Swift Grammys

Taylor Swift released her 11th studio album in April. (Getty Images / Getty Images)

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