Taylor Swift named first musician to become billionaire only on music earnings

American pop star Taylor Swift has joined her compatriots Jay-Z, Rihanna, Kanye West and Diddy on the list of billionaire musicians.

According to Forbes, she is the first musician to achieve the feat “solely based on her songs and performances.”

Forbes recently updated Taylor Swift’s net worth to $1.1 billion via their website.

“Her fortune includes more than $500 million in estimated wealth amassed from royalties and touring, plus a music catalog worth $500 million and some $125 million in real estate,” Forbes noted.

Billboard had earlier reported that her 2023 Eras Tour is expected to gross $1 billion by the end of the year.