The entertainment business is one lucrative venture to make fast cash. Forbes has just named Taylor Swift the world’s highest paid female musician of 2016.
The 26-year-old superstar made the number one position after she made a sum of $170 million between June 2015 and 2016.
Taylor Swift has several streams of incomes and has massive earnings from a record-breaking North American tour as well as endorsement deals with brands like Diet Coke, Keds and Apple.
She was followed by Adele, who came in No. 2 at $80.5 million, the highest earnings of her career, thanks to album sales and a worldwide tour.
Other female musicians in the top ten included Jennifer Lopez, Britney Spears, Shania Twain and Celine Dion.
Beyonce took the number 5 spot this year but Forbes says she might “finish much higher next year, thanks to her Formation World Tour, which grossed over $250 million. Most of that wasn’t counted in this year’s rankings: our list measures income from June 1, 2015, to June 1, 2016 before taxes and management fees.
Top 10 highest paid female musicians.
10. Celine Dion – $27million
9. Shania Twain – $27.5million
8. Britney Spears – $30.5million
7. Jennifer Lopez – $39.5million
6. Katy Perry – $61million
5. Beyonce – $54million
4. Rihanna – $75million
3. Madonna – $76.5million
2. Adele – $80million
1. Taylor Swift – $170million
Meanwhile, American semi-retired professional wrestler, Hulk Hogan is $31 Million richer after Gawker sex tape lawsuit settled him. Hulk took legal action against Gawker in a USD 100 million lawsuit for releasing a video of him having sex with his best friends wife.
The case with Gawker has been on for four years and the two finally reached a settlement of $31 million. According to the New York Times, that was before the courts awarded Hulk Hogan $140 million for damages.