Taylor Swift has taken the crown of the richest female musician from Rihanna.

With an updated net worth of $1.6 billion, the “Fortnight” singer now holds the lofty title, according to Forbes.

The financial site said Swift’s new ranking was due to the success of her wildly popular Eras Tour and the increased value of her music catalog. She became a billionaire in October 2023, said Forbes, and the first whose fortune was mainly based on her songwriting and performing.

Her sold-out international tour, which has so far played in dozens of cities cities across the U.S., Latin America, Asia, and Europe, has earned the singer an estimated $600 million in royalties and touring, according to Forbes. The 14-time Grammy winner‘s music assets are reportedly worth north of $600 million, and her various real estate ventures come in at $125 million.

Taylor Swift and Rihanna in 2009. (Getty)

Rihanna amassed much of her $1.4 billion fortune in the fashion and cosmetics sector through her wildly successful Fenty Beauty brand.

Swift, 34, currently ranks 2,545th on Forbes’ overall billionaires list.

The savvy businesswoman — who blazed a new trail for artists’ rights when she announced she was rerecording her catalog after the sale of her masters in 2021, will be raking in more money this year with 18 shows left on the Eras Tour. She returns to Miami on Oct. 18 before wrapping on Dec. 8 in Vancouver, Canada.