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  • US musician Taylor Swift was officially declared a billionaire
  • Rihanna and Jay-Z made their fortunes in fashion, not music
  • T. Swift, 34, has a substantial property portfolio
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Taylor Swift
T. Swift had a big year. EPA-ELTA

US musician Taylor Swift was officially declared a billionaire

Itis the year of Taylor Swift. The tour commemorates all her albums and eras of artistry, new love, publicized relationships, constant news and media coverage, new albums, and awards.

Now she gets a new title too. Forbes has confirmed rumors that her fortune exceeds one billion dollars.

The financial news publication said she is the first artist to become a billionaire from her music alone and estimated her wealth at USD 1.1 billion.

Rihanna and Jay-Z made their fortunes in fashion, not music

Other industry greats who have passed the billion mark - including Rihanna and Jay-Z - have made their vast fortunes partly through fashion labels, alcohol companies, entertainment businesses, and other activities.

With a huge catalog of songs, Swift has organized her first billion-dollar concert tour - her current 'Eras Tour' has boosted the economy and delighted fans around the world.

The tour is scheduled to run until the end of the year and is estimated to cross the staggering $2 billion mark.

The financial results of her tour are one of the many records Swift has broken in the past year, including a fourth Grammy Award for Best Album - the most of any artist in history.

T. Swift, 34, has a substantial property portfolio

T. Swift owns homes in New York City, Beverly Hills, Nashville, and a waterfront estate in Rhode Island.

Throughout 2023, T. Swift remained in the spotlight and the year ended with Time magazine naming her Person of the Year and calling her "a rare person who is both the author and the hero of her own story".

Swifties - Taylor Swift fans can enjoy her brand new album, The Tortured Poets Department.

Based on ELTA reports