Here's your Forbes Daily Briefing for Wednesday, October 9th.

Today on Forbes, Taylor Swift becomes world's richest female musician.

Here's who's right behind her. Taylor Swift has leapfrogged singer and beauty mogul, Riana to become the world's

richest female musician.

This follows the blockbuster success of Swift's era's tour.

Other major female artists, including Madonna and Beyoncé,

rank just outside the billion dollar club.

Swift is now worth $1.6 billion. Club. Swift had become a billionaire with the then estimated net worth of 1.1 billion dollars.

Swift, who was 34 years old, became the first musician to become a billionaire solely based on the value of songs and performances in

2023. Forbes estimates her music catalog is worth $600 million and her

tours and royalties have pocketed her another $600 million.

She also owns an estimated $125 million in real estate.

Her jump to billionaire status was driven largely by her ongoing Erra's Tour, which began in March

2023 and is set to conclude in December.

Last year, Forbes estimated the first leg of the Erra Tour alone, earned her $190 million.

The Aros Tour became the first ever concert tour to surpass $1 billion in total gross,

according to what Polestar reported in December.

Forbes ranked Swift the fifth most powerful woman in the world in 2023, making her the highest

ranked entertainer and putting her in the company of the world's most influential political and business leaders.

On our Forbes' world's most powerful women list, we cited the impact her Eras Tour has had on local economies and the dedication of her fan base known as Swifties.

Swift was also named the 2023 Time Person of the Year,

and she has been considered an influential figure in politics.

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