Pakistan, Dec. 15 -- Taylor Swift has officially become the world's richest female musician, Forbes reports. Her net worth is estimated at $1.6 billion, surpassing Rihanna's $1.4 billion fortune. Swift's earnings mainly come from her music, not fashion or beauty, making her milestone notable in the industry.

She earns through touring, album sales, streaming royalties, and licensing deals. The Eras Tour alone broke multiple records and earned hundreds of millions. Re-recording her early albums helped her regain ownership of her masters, adding long-term value and independence to her music catalog.

Her catalog is now valued at hundreds of millions, and ongoing royalties from streaming platforms continue to strengthen her finances. Swift a...