The number of recording artists with billion-dollar fortunes is now five, according to Forbes, and two of those singers have connections to the Philadelphia region.<\/p>\n
The latest musician to cross the threshold is\u00a0Beyonc\u00e9<\/a>, whose recent Cowboy Carter Tour grossed $400 million in ticket sales and an estimated $50 million in merchandise. She joins her husband, rapper and Roc Nation founder Jay-Z, in the billionaire singers’ club, alongside one of his label’s biggest stars, Fenty Beauty founder Rihanna. According to Forbes, the only other musicians to amass 10-figure fortunes are Berks County’s Taylor Swift and Jersey Shore icon Bruce Springsteen.<\/p>\n MORE:\u00a0Still in the holiday spirit? These festive attractions stay open past Christmas<\/a><\/p>\n By the magazine’s count, Swift became a billionaire in October 2023<\/a> through the earnings of her nearly two-year-long Eras Tour and the value of her music catalog. Her wealth only has increased as her tour continued and she claimed full ownership of her catalog<\/a>\u00a0in May. Forbes estimates her current net worth at $1.6 billion.<\/p>\n The Boss’s financial backstory is a little more complicated. Forbes first pegged him as a billionaire in July 2024<\/a>, while he was in the midst of his most successful tour<\/a>. Springsteen had sold his catalog to Sony<\/a> three years earlier for $500 million. But the Jersey rocker later disputed his worth,\u00a0saying he<\/a>\u00a0was not a billionaire. Forbes has continued to list him as one on their annual rankings, apparently refuting Springsteen’s claims to the contrary.<\/p>\n “Now according to Forbes magazine, I’m a billionaire,” Springsteen said at a January performance<\/a>. “I wish I was, but that, ladies and gentlemen, is fake news. Because if I was a billionaire, first thing that I’d do is buy another car. Second thing I’d do, I’d buy another guitar. But really, they should have known their business, but they did not.”<\/p>\n Follow Kristin & PhillyVoice on Twitter: @kristin_hunt
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