Pop star and American singing sensation Taylor Swift has added another feather to her already decorated cap. The artist has become the richest female musician in the world with an estimated net worth of $1.6 billion, reports Forbes. Swift has overtaken Rihanna, whose net worth is $1.4 billion.

The report attributed Swift’s huge success to the record-breaking Erasure Tour, which the singer held for a large part of 2023. His wealth is made up of $600 million from concert sales as well as $600 million from his revised music catalogue, which he began releasing. As Taylor’s version in 2021.

Swift also owns around $125 million worth of real estate, Variety reports.

Swift shared in 2019 that she would be re-releasing her older music to fully take ownership of her music. The decision was taken following his highly publicized disagreement with celebrity manager Scooter Braun, who was also the owner of Big Machine Records. Swift produced her first six albums under the record label.

Swift also released new material this year; The album, The Tortured Poets Department, topped the music charts for 14 long weeks.