Taylor Swift has officially become the world's richest female musician, with a net worth of $1.6 billion, according to Forbes. This achievement surpasses Rihanna, who previously held the title with a net worth of $1.4 billion, primarily from her Fenty Beauty and Savage x Fenty brands.

Swift's wealth stems from her successful Eras Tour, royalties, and music catalog, which contribute $600 million each, along with $125 million in real estate. At 34, she is the first musician to reach billionaire status mainly through music and live performances.

On the Forbes billionaire list, Swift ranks #2,117, while Rihanna is at #2,336. Swift's net worth also significantly exceeds that of other female music icons like Beyonc�, Madonna, and Celine Dion.