Taylor Swift has achieved a significant new milestone, now recognized as the wealthiest female musician globally, with Forbes estimating her net worth at $1.6 billion.

Swift’s recent Eras Tour played a crucial role in propelling her to billionaire status in 2023. Her wealth includes $600 million from concert revenue and royalties, another $600 million from her music catalog, which she started re-releasing as “Taylor’s Version” in 2021, and around $125 million in real estate assets.

In 2019, Swift announced her decision to re-record her albums to reclaim ownership of her masters, regaining full rights to her creations. Since then, she has released four “Taylor’s Version” albums: Fearless, Red, Speak Now, and 1989, each of which revisited the charts, reigniting interest in her classic hits. With these re-releases, Swift added bonus content and made slight updates to select tracks, blending nostalgia with fresh material for fans.

Additionally, Swift released a new album in April, The Tortured Poets Department, which went on to become her longest-running No. 1 album in the U.S., topping the charts for over 14 nonconsecutive weeks.

Swift’s skyrocketing music sales and tour success now place her ahead of Rihanna, previously the wealthiest female musician with a net worth of $1.4 billion, largely due to the immense popularity of her Fenty Beauty line.