Taylor Swift surpasses fellow pop star to become richest female musician

It's like a billion little stars spelling out her name. Taylor Swift is now the richest female musician with an estimated net worth of $1.6 billion.

According to Forbes magazine, the "Untouchable" singer has passed Rihanna (worth $1.4 billion). Swift's unstoppable Eras Tour (worth an estimated $600 million from selling music and doing concerts), music catalog (worth more than $600 million) and real estate (worth an estimated $125 million) are part of the reason.

Last year, the successful businesswoman with lots of expensive jewelry became the first person to make a billion dollars just from writing songs and singing them. 

She made even more money in the past year when she took her three-hour concert to 21 cities in Asia, Australia, and Europe. Every stop got an economic boost. In Sydney, Australia, Swift made an estimated $43.3 in merchandise alone. Nearby countries upset the singer had an exclusive contract with Singapore compained they didn't receive the Eras Tour's golden touch.

Swift still has 18 shows left on her two-year big project. The show starts again in Miami on Oct. 18 and finishes on Dec, 8 in Vancouver, Canada.

Forbes magazine ranked the 34-year-old fifth when it comes to Power Women (behind Ursula von der Leyen, Christine Lagarde, Kamala Harris and Giorgia Meloni). Swift tied with Spanx founder Sara Blakely for 24th on America's Self-Made Women. She took 25th on the Highest-Paid Entertainers list (No.1 is "Lord of the Rings" director Peter Jackson).

Overall, she ranks 2,545th on the billionaires list.

Source: Adapted from an article about "entertainment" posted on usatoday.com. https://www.usatoday.com/story/entertainment/music/2024/10/07/taylor-swift-named-richest-female-musician-see-her-net-worth/75554556007/

"Every stop got an economic boost."

Here's what it means:

1. Economic boost: This refers to an increase in economic activity and revenue in the local economy.
2. Every stop: This means each city or location where Taylor Swift held a concert as part of her tour.

The sentence implies that wherever Taylor Swift performed, the local economy experienced notable benefits.