Taylor Swift Eras Tour
Cover Taylor Swift, one of the most prominent celebrities of the 21st century, in her element during the ‘Eras Tour’ (Photo: Instagram/@taylorswift)
Taylor Swift Eras Tour

Who is the female musician who broke the glass ceiling and is now the richest in the world, with an estimated net worth of US$1.6 billion?

For decades, female musicians have sold albums, charted songs, graced stages, and captivated audiences, yet they were frequently overlooked and overshadowed, their recognitions unnoticed and their earnings were substantially less than those of male musicians. Like other professional industries such as finance and insurance, the gender pay gap was pervasive with sharp disparities.

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The tides turned when groundbreaking female musicians like Madonna, Tina Turner, Whitney Houston, Mariah Carey, Missy Elliot, Amy Winehouse, and Lady Gaga redefined the parameters of success. These trailblazers laid the foundation for modern female musicians to take the reins of their careers, resulting in a powerful shift in the industry.

Today, they’re evolving, innovating, and using their influence to explore billion-dollar business ventures such as Rihanna, and reclaiming their autonomy such as Taylor Swift. Female musicians are now among the wealthiest in the world, changing the game and the music landscape for generations of women to come.

Here are some of the richest female musicians in the world, according to Forbes, and their inspiring journeys.

Taylor Swift (US$1.6 billion)

A leading figure in pop culture, the outspoken advocate of artists’ rights and women’s empowerment Taylor Swift’s career peaked in recent years, from taking back autonomy by rerecording her studio albums while completing new material all at the same time, to breaking records with her Eras Tour which consists of 149 shows that span five continents. The singer-songwriter has now achieved billionaire status and is the richest female musician in the world with an estimated net worth of US$1.6 billion.

Rihanna (US$1.4 billion)

As it stands, Barbadian singer, businesswoman, and actress Rihanna is already the best-selling female recording artist of the 21st century (as noted by Guinness World Records) and the highest-certified female digital single artist with numerous diamond-certified singles to her name. She’s also a billionaire with an estimated net worth of US$1.4 billion, owing to the success of her makeup line, Fenty Beauty–yet another feather in the cap for the 36-year-old.

Madonna (US$850 million)

Madonna is not regarded as the ‘Queen of Pop’ for nothing. It’s a title decades old and well-earned due to her impact on pop culture spanning the 80s and 90s, which has allowed her to achieve unprecedented levels of success, power, and control for a woman in the entertainment industry, and pave the way for those after her. Not only is she a trendsetter and an icon, but she’s also reportedly worth US$850 million.

Beyoncé (US$760 million)

A woman for every woman in the entertainment industry and a global phenomenon, Beyoncé’s fame can be attributed to a combination of her immense talent, business acumen, and influence. One of the best vocalists of our generation (she has won a total of 32 Grammy awards to date) who never fails to deliver show-stopping performances through anthems deeply rooted in female empowerment, the singer-songwriter is worth an estimated US$760 million–though you can’t really put a price tag on Beyoncé’s cultural force.

Celine Dion (US$550 million)

As an unparalleled vocal talent with a five-octave vocal range, multilingual Canadian singer Celine Dion is, without a doubt, a titanic legend. Hailed as the ‘Queen of Power Ballads’, she has touched and inspired millions through the emotional honesty in her music. Beyond her vocal prowess, she also revolutionised the concept of artist residencies in Las Vegas, choosing to focus on that rather than traditional touring, which has contributed to her net worth of US$550 million.

Barbra Streisand (US$460 million)

The first performer to be awarded an EGOT (an acronym for the Emmy, Grammy, Oscar, and Tony Awards, a designation given to someone who has won all four of the major American performing art awards), Barbra Streisand is one of the most significant figures in the history of entertainment. Her songs are evergreen classics, her films are loved by audiences of all ages, and her rare concert tours often sell out instantly. The My Name Is Barbra author boasts a net worth of US$460 million.

Dolly Parton (US$450 million)

A beloved and enduring figure, Dolly Parton’s power and popularity stem from her unmatched talent as a singer-songwriter, humility, and warmth. As much as she’s a savvy businesswoman, she’s also known for her humble generosity, distributing over 200 million books worldwide through her Imagination Library program, and donating millions to various causes including education, cancer research, disaster relief, and helping to fund the Moderna Covid-19 vaccine development. The living legend has an estimated net worth of US$450 million.

Katy Perry (US$350 million)

Grounded, relatable, honest, talented, and inventive, Katy Perry is truly a firework in her own right. One of the best-selling music artists of all time, Perry has evolved and grown with her fans over the years, all while maintaining her core identity. The pop music powerhouse and TV personality is also an outspoken advocate for causes she believes in such as LGBTQ+ rights, women’s rights, and political activism, and is known for using her fame to make a difference in the world through numerous charities. Perry is worth an estimated US$350 million.

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