According to Forbes Magazine, American pop stars have a Net Taylor Swift of $1.6 billion, overtaking Rihanna and others to become the richest female singers in the world.
Taylor Swift
According to Forbes, a record 2,781 billionaires with a combined wealth of $14.2 trillion made the list this year. As an artist, Swift’s assets include global concert revenues ($600m) , music revenues ($600m) and real estate ($125M) . In the past year, Swift has toured 21 European, Asian and Australian cities, earning himself a fortune and boosting the local economy.
Because of Swift’s influence, Forbes named the 34-year-old singer the fifth most powerful woman in the world, only the president of the European Commission, Lagarde, the President of the European Central Bank, Harriss and Italian Prime Minister Merloni.
Swift stands at 2,545 on Forbes’s list of the world’s billionaires. Not only did Swift overtake Rihanna as the youngest self-made female billionaire, but she also The Hill a $1.4 billion fortune, what’s even more remarkable is that most of her wealth comes from music and acting, not from other business investments. “My Favourite Taylor Swift is now a billionaire, which inspires me to work harder,” enthuses one fan. By contrast, some of Rihanna’s assets come from her beauty and clothing businesses, while another singer, Jay-Z, with $2.5 bn in assets, derives most of his money from diversified investments outside the music industry.