Taylor Swift is now the second richest self-made woman in music beating Madonna and Beyonce

Taylor Swift is now the second richest self-made woman in US music, comfortably beating Madonna and Beyonce.

Forbes have recently released their 'America's 100 Richest Self-Made Women' list, including the likes of Kim Kardashian, Kylie Jenner and Oprah Winfrey.

The list highlights the 100 most successful female entrepreneurs, executives, and entertainers in the United States.

But for Taylor, to beat arguably the two reigning Queens of Pop is quite the achievement.

US superstar Beyonce, 41, who is currently in the UK for her Renaissance World Tour, came in at number 48 on the list with a reported fortune of $540 million. She released her seventh studio album last year.

Respectively, Madonna, 64, landed above Queen Bee at number 45 with a whopping $580 million.

She sold her majority stake in her production company Hello Sunshine in 2021.

Associated Press / Alamy Stock Photo

However, Taylor, beat them both to the punch with an estimated $740 million fortune, making her the second richest self-made woman in music at number 34 on the list.

That being said, there was one who rose above the rest - and her name is Rihanna.

Forbes estimated the pop superstar's wealth at an eye watering $1.4 billion.

Her income largely came from her music, having released Academy-Award nominated single Lift Me Up for the first time this year, since her 2016 studio album, Anti.

But we also can't forget her cosmetics brand, Fenty Beauty, which she launched in 2017.

The 35-year-old, who headlined the Super Bowl half-time show this year where she debuted her second pregnancy, placed 20th on the list.

Instagram/@kimkardashian

Stepping away from the music, award-winning talk show host and entrepreneur, Oprah Winfrey, 69, featured on the list at number 13 having amassed a fortune of $2.5 billion from TV shows, the magazine said.

TV star and comedian, Ellen DeGeneres, appeared towards the tail end of the list with an estimated $380 million, alongside Tennis star, Serena Williams, with $290 million.

Although it was Diane Hendricks, co-founder of ABC Supply, one of the largest wholesale distributors of roofing, siding and windows in America, who came in at number one.

The company has over 900 branch locations and had $18.5 billion in 2022 revenues.

Her net worth comes in at $15 billion.

With it being Forbes' ninth annual list of America’s Richest Self-Made Women, Assistant Managing Editor of Wealth at the publisher, Kerry Dolan, said: “This list is a testament to the hard work and success of these women.

“We continue to see women breaking records and increasing their influence and power along with their fortunes, and each year new women in a variety of industries break into these ranks.”