According to the latest statistics from Forbes magazine, American pop superstar Taylor Swift has a net worth of $1.6 billion, surpassing Rihanna to become the world's richest female singer.
As an artist, Swift's wealth mainly comprises earnings from global concert tours ($600 million), music revenue ($600 million), and real estate ($125 million).
Given Swift's significant influence, Forbes has ranked the 34-year-old singer fifth on its list of the world's "Most Powerful Women," following European Commission President Ursula von der Leyen, European Central Bank President Christine Lagarde, US Vice President Kamala Harris, and Italian Prime Minister Giorgia Meloni.
Should you focus on working hard or developing a side business?
The Hill, a US publication, commented on the 7th that Swift not only surpassed Rihanna ($1.4 billion) to become the youngest self-made female billionaire but also noted that most of her wealth comes from music and performance rather than other business investments.
In contrast, part of Rihanna's wealth comes from her beauty and fashion ventures, while another artist, Jay-Z, with a net worth of $2.5 billion, mainly derives his wealth from diversified investments outside the music industry.
"I'm so inspired that my favorite Taylor Swift is now a billionaire; it motivates me to work even harder," one fan expressed excitedly.
Some people are naturally suited for climbing the corporate ladder through their efforts, while others prefer to develop their side businesses to generate more income.
Of course, some manage to do both, like @谋定后动 from Tiger Community who, as an executive at a tech company, has achieved career success and now earns more through investments, transforming from investor into an options expert and financial writer.
Do you think you are better suited for working on job or developing a side business?
Besides stock trading, do you have other side businesses?
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