Taylor Swift is now the richest female musician in the world with an estimated net worth of $1.6 billion dollars.  According to Forbes magazine, Taylor Swift has passed Rihanna (worth $1.4 billion). Swift's Eras Tour, which generated an estimated $600 million in royalties and touring, her music catalog (worth north of $600 million) and real estate (worth an estimated $125 million) are part of the reason.  Last year, she became the first-ever billionaire solely on songwriting and performing. Swift also took the 25th position on Forbes' Highest-Paid Entertainers list. "Lord of the Rings" director Peter Jackson topped that list. 

photo credit: iHeartRadioCA