Taylor Swift is not the richest musician if compared to the earnings of Rihanna and Jay-Z.
Beginning her journey in the music industry at just 16 with a self-titled album, Taylor Swift steadily rose to become one of the most recognizable figures in music. Across her impressive discography of ten albums, her record-breaking sales catapulted her to immense commercial success, amassing a staggering net worth of $1.1 billion.
The latest update reveals that Forbes has included Taylor Swift on their list of billionaires for 2024. Despite her widespread popularity and significant influence on pop culture, Swift may have to wait a while before claiming the title of the richest musician. Currently, that distinction belongs to Jay-Z, who reigns supreme alongside Rihanna, boasting a net worth of $1.7 billion, earning her the title of the richest female musician.
Indeed, there’s a substantial gap between the net worth of all three figures, with Jay-Z leading the pack at an impressive $2.5 billion. While Jay-Z holds the top spot, it’s essential to recognize Rihanna’s comparable success, attributed in part to her partnerships with various brands. This underscores not only their individual achievements but also the diversity of revenue streams contributing to their immense wealth.
Taylor Swift earns less in comparison to Jay-Z and Rihanna
Taylor Swift’s latest milestone can be attributed to the overwhelming success of Taylor Swift: The Eras Tour, which grossed over $200 million at the box office in 2023. Since its inception the same year, the tour has shattered records in ticket sales. Additionally, Swift secured a lucrative deal with Disney+ for streaming rights to her film, earning $75 million from the agreement. These achievements underscore Swift’s continued dominance in the music industry and her adeptness at leveraging various platforms to maximize her earnings.
Despite Taylor Swift’s recent accomplishments, she has yet to ascend to the top spot among wealthy personalities. Forbes placed her in the 14th position, the last on the list, trailing behind figures like Dick Wolf. In contrast, Jay-Z, also known as Shawn Corey Carter, claimed the fifth position, thanks in part to his strategic investments in recent years.
Jay-Z attained billionaire status in 2020, with his net worth seeing further growth in the past year. Reports suggest he sold approximately 25.1% of D’Usse, a company he co-founded, to Bacardi for a staggering $750 million, based on a deal struck during its launch in 2012. Additionally, Jay-Z reportedly earns around $34 million annually, totaling $54 million over the past 13 years.
Meanwhile, Rihanna’s wealth isn’t solely derived from her music career; her success as an entrepreneur and her extensive portfolio of music projects contribute significantly. She’s made notable investments in real estate, including a $21 million house in Los Angeles and multiple properties in Beverly Hills, reflecting her status as one of the wealthiest personalities.
Taylor Swift’s ongoing tour has contributed to an increase in her earnings
Taylor Swift performing at the Eras Tour
Various Taylor Swift songs that were released many years ago continue to trend on streaming platforms. She began preparing for an album when she was 14 and it unexpectedly turned out to be a big breakthrough for her. The journey continued and she has been delivering the best albums for more than 20 years.
She is already making headlines with the Eras Tour which celebrates the success of her 10 albums so far. With more than 100 shows, Taylor is expected to get profits of almost $600 million (via CelebrityNetWorth). On the other hand, she even received $130 million from the overall earnings of her film.
Taylor Swift was earning $170 million in 2016 and it increased to $64 million by 2020. She also earns from her endorsements and purchased luxurious houses in places such as Nashville and Rhode Island, with the best facilities, including multiple bedrooms.
While her net worth is in a figure of billions, her upcoming album, Tortured Poets Department is expected to bring some changes to it. According to Billboard, the new project is arriving on April 19, 2024, with 16 songs in the entire soundtrack. There are two singles in the list where Taylor Swift has collaborated with Post Malone and Florence + Machine.