American singer Taylor Swift emerges world’s richest female musician

American singer and songwriter, Taylor Swift has officially become the world's richest female artiste, with a net worth of $1.6 billion, according to Forbes.

This astonishing achievement demonstrates her incredible financial success, which is primarily driven by her sold-out global "The Eras Tour" and the enormous value of her massive song catalogue.

Taylor Swift, 34, becomes the first musician to become a billionaire exclusively via her music and live performances.

Her wealth is significantly boosted by roughly $600 million in tours and royalties, which are supplemented by another $600 million from her songs catalogue.

Taylor Swift now ranks as the world's second-richest musician, trailing only Jay-Z, whose net worth is estimated to be $2.5 billion.

The singer's financial prowess has propelled her to rank 2,117 on Forbes' list of world billionaires, overtaking several other prominent female artistes.

Celine Dion's net worth is $550 million, Beyoncé's is $760 million, Madonna's is $850 million, and Rihanna's is $1.4 billion.

Notably, Rihanna, who was previously the world's richest female musician with a net worth of $1.7 billion, is now ranked 2,336 on Forbes' list.

In other news, Rihanna, a popular Barbadian singer with several awards, has been declared the world's richest female artiste.

According to Forbes, Rihanna's net worth is $1.7 billion, thanks in large part to the success of her cosmetics company, Fenty Beauty.