On Tuesday (7 December), Forbes released its annual list and a total of 15 women from media and entertainment were honoured.
Forbes also revealed the “Diamonds” singer is now a billionaire, courtesy the success of her Fenty Beauty cosmetics line.
Co-owned by French luxury retailer LVMH, the beauty brand raked in over $550m (approximately £415m) in revenue in 2020.
“Single Ladies” singer Beyoncé was listed at No 76 on the Forbes list. The business magazine credited the former Destiny’s Child singer with pulling in a total of $250m (approximately £189m) over the course of her On The Run II stadium tour with billionaire husband Jay Z.
The multi-hyphenate also announced a global partnership deal between her athleisure clothing brand Ivy Park and Adidas in 2019.
She teased the first look of their fifth collaborative collection Halls of Ivy on Instagram last week.
Landing at spot No 78, Swift has smashed multiple music records this year.
Her 2020 album Folklore became the pandemic year’s first album to sell one million units.
The singer’s compilation of re-released music Red (Taylor’s Version) became the singer’s 10th album to reach No 1 on the Billboard 200.
Further, her 10-minute song from the overhauled Red, “All Too Well” became the longest song to ever reach No 1 on the Billboard Hot 100 US list.
Meanwhile, Oprah Winfrey’s estimated total net worth of $2.6bn (approximately £1.7bn) catapulted her to the No 23 spot on Forbes’s list, as the philanthropist, talk show host and media mogul was crowned the most powerful woman in media and entertainment this year.
Actor Reese Witherspoon was at the No 74 spot, after her women-driven content company Hello Sunshine was acquired in August this year, at an estimated value of $900m (£679m).
The top spot went to author, philanthropist and Amazon founder Jeff Bezos’s former wife, MacKenzie Scott with an estimated net worth of $59.2bn (approximately £44.6bn) and 25% stake in the e-commerce giant.
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