American singer-songwriter Taylor Swift has achieved a remarkable milestone, becoming the first entertainer to break into the top five of Forbes’ World’s Most Powerful Women list since its inception. Her meteoric rise to the fifth position is attributed to her unparalleled economic, cultural, and political influence, particularly evident in the phenomenal success of her Eras tour, which propelled her to billionaire status in October.
Swift’s Eras tour, grossing nearly $850 million over 66 U.S. shows, has significantly contributed to her estimated net worth of $1.1 billion. This financial success, coupled with her enduring cultural impact and growing political influence, has propelled her to the upper echelons of Forbes’ prestigious ranking.
“17 years into her remarkable career, Swift has never had more economic, cultural and political clout,” Forbes aptly summarizes. “All of which has caused her to soar up the ranks of Forbes’ World’s Most Powerful Women, from No. 79 in 2022 to No. 5 this year.”
Swift’s billionaire status, a rare feat among recording artists, further cements her position as a force to be reckoned with in the entertainment industry. She joins the ranks of esteemed figures like Jay-Z (net worth: $2.5 billion) and Rihanna ($1.4 billion) in the exclusive billionaire club.
Topping this year’s list is European Commission President Ursula von der Leyewhose far-reaching policy and budgetary decisions impact the lives of Europe’s 450 million citizens. Following closely behind is European Central Bank President Christine Lagarde, whose monetary policy decisions shape the economic landscape of Europe amidst rising inflation.
U.S. Vice President Kamala Harris and Italian Prime Minister Giorgia Meloni round out the top four positions, respectively.