October 8, 2024

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Taylor Swift surpasses Rihanna and becomes the richest singer in the world

Taylor Swift surpasses Rihanna and becomes the richest singer in the world

Taylor Swift She was named the richest musician in the world.

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

The pop star grossed $1 billion in October, largely due to The Eras Tour and her recently recorded albums. Swift is one of the few musicians who has achieved this financial feat through music releases and performances alone. Bloomberg reported at the time.

Swift opened the Eras Tour in Arizona in March 2023. She traveled across the United States throughout that summer, ending the first leg of the tour in August 2023 in Los Angeles. She has an international tour that began in February and is scheduled to conclude performances in December after returning to the United States. The tour itself is expected to gross $1.5 billion, depending on ticket prices, Forbes reported.

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

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

Since becoming a billionaire, Swift released her 11th studio album, “Tortured Poets Oath,” in April.

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

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“Taylor is in a unique position in terms of monetizing her talent. In an era where artists are losing millions — and where album sales have given way to digital downloads — she's actually riding the wave of technology, rather than going out with the digital tide.” Branding expert Doug Eldridge previously told FOX Business.

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Taylor Swift on tour in London

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

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Taylor Swift performing in a purple outfit

Taylor Swift is currently on the Eras Tour. (Budda Mendes/TAS23/Getty Images TAS Rights Management/Getty Images)

Swift has radically transformed the music industry for female artists, according to Dr. Sonya Stripling, a retired U.S. Army major and author of the upcoming book “From Battlefield to Boardroom.”

“It's not just the money she makes that's important, she's creating a path for others to follow,” Dr. Stripling told FOX Business. “I know without a doubt that she and Beyoncé have had a conversation about this because they're paving the way for others to follow. They're the first of many — especially for women — leading the way. So, it's not just billionaire status, but Taylor is about to make history in setting goals.” High enough for others to want to achieve.”

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

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