Taylor Swift is now the world's richest female musician: Here's who she surpassed

FILE - Taylor Swift attends the 2024 MTV Video Music Awards at UBS Arena on Sept. 11, 2024, in Elmont, New York. (Photo by Dimitrios Kambouris/Getty Images)

NEW YORK - Taylor Swift is now the world's richest female musician, according to Forbes.

The pop superstar, 34, hit a net worth of $1.6 billion, the business magazine reported. Swift surpassed Rihanna, who was formerly in the position, with an estimated net worth of $1.4 billion.

Swift hit $1 billion last October, largely due to The Eras Tour and her recently-recorded albums. She’s one of the few musicians to achieve this financial feat with just music releases and performances, Bloomberg reported at the time.

Swift opened The Eras Tour in Arizona in March 2023 and traveled across the U.S. throughout that summer, wrapping up the first leg of the tour in August 2023 in Los Angeles. She took the tour internationally beginning in February and will conclude her performances in December after bringing her stage back to the U.S. 

The tour itself is projected to bring in $1.5 billion, depending on ticket prices, Forbes reported.

Swift also chose to release her concert film only in theaters. "Taylor Swift: The Eras Tour" premiered on Oct. 13, 2023 and brought in $92.8 million on its opening weekend.

After hitting billionaire status, Swift released her 11th studio album, "The Tortured Poets Department," in April.

The global pop star has managed to continue to bring in money while other artists struggle in the new age of streaming.

"Taylor is in a unique position, in terms of monetizing her talent," branding expert Doug Eldridge previously told FOX Business. "In an era where artists have lost millions — as album sales gave way to digital downloads — she’s actually riding the tech wave, instead of going out with the digital tide."

Swift took 2,545th place on Forbes’ list of the world’s billionaires. Among entertainers, she came in second to rapper and business mogul Jay-Z, whose net worth totals $2.5 billion, the publication reported.