Swift is worth $1.6 billion, according to Forbes estimates, making her the wealthiest female musician in the world. Swift joined the billionaire ranks in October 2023 amid the success of her $2 billion-grossing Eras Tour, and she became the first person to become a billionaire based solely on the value of her music catalog and concert tours.

Taylor Swift is no stranger to reinvention, dazzling fans yet again with her elaborate costume for the cover of her highly anticipated 12th studio album, The Life of a Showgirl. Turns out, her look has an iconic backstory.