The music industry brings in a massive amount of money every year. To many people’s astonishment, the amount of money the singers, producers, and record labels pull is simply unthinkable. Since music isn’t the only product here, hundreds of other major and minor financial factors give birth to such an extreme market value.
In this article, we’re trying to dive into the top 20 world’s richest female singers of 2023 to give an understanding to the general audience about their business ventures outside of music. We’ve used Forbes and Celebrity Net Worth as our source of estimated net worth.
1. Rihanna – Net Worth $1.7 Billion
As per Forbes, Rihanna is the richest female singer in the world, having an estimated net worth of $1.7 billion in 2023, thanks to Fenty Beauty brand for making 33-year-old a billionaire.
The singer with a wild vibe has a massive fan base globally that generates hundreds of millions of views and streams in her songs. Starting her music career in 2005, Rihanna has climbed a lot of obstacles to reach her current position, which is among the world’s most popular celebrities. After releasing eight studio albums, Rihanna has accumulated over 250 million record sales and entered the list of one of the most successful female musicians of all time.
The singer with 9 Grammy and several Billboard awards also run a massive business empire. Her Fenty fashion brand is a massive customer base under the umbrella of the LVMH group. Rihanna also has a cosmetic brand Fenty Beauty, a lingerie brand Savage x Fenty, a skincare brand Fenty Skin, etc. She has also worked in partnership, endorsed several brands, has been a brand ambassador of several companies, so it’s safe to say she is pretty business-savvy.
2. Madonna – Net Worth $850 Million
Who doesn’t love Madonna! She is one of the greatest musicians ever born on this very earth and I’m pretty sure nobody would argue with me on that. Known as the queen of pop, she has achieved all the things one singer could ever dream of and more. So it isn’t surprising to see her on top of so many lists and records.
According to Celebrity Net Worth, Madonna is the second richest female musician with an approximate net worth of $850 million in 2023.
She is the best-selling female musician of all time with over 300 million records sold since the early ‘80s when she first came into the industry. Besides being a star, she runs multiple businesses as well. Her MDNA Skin line, MG clothing line in collaboration with Macy’s, M clothing with H&M, a sunglass line in partnership with Dolce & Gabbana — these are just a few of her revenue generators to name.
3. Celine Dion – Net Worth $800 Million
Celine’s voice can be named the sweetest voice ever — it’s unimaginably beautiful. Whether be it “My Heart Will Go On”, “I’m Alive” and so many other songs, she somehow always manages to touch the soul. The five-times Grammy Winner is still partially active in the industry. Celine runs several businesses as well.
She and her late husband René Angélil owned Les Productions Feeling Inc. She also has a perfume line, nightclub chains, and multiple other ventures that generate millions of dollars in revenue.
4. Dolly Parton – Net Worth $650 Million
Dolly Parton the famous country singer has reigned the genre for years. The septuagenarian is still actively singing and her songs are still making the lists. Dolly started her career as a musician in the late ‘60s when Porter Wagoner invited her to his TV show. Starting from there till today, the country goddess has released a grand total of 51 albums, 47 of them are solo. Even though Dolly started in the Country genre, she managed to make a transition to pop in the ‘80s and from there she jumped back to her first love in the 2000s once again.
In her long career spanning over more than five decades, Dolly has seen loads of success. Not only has she won 11 Grammy Awards from 50 nominations, but she has also been inducted into the Country Hall of Fame in 1999. Obviously from all these successes and her extensive touring schedule to this day, she is among one of the wealthiest artists of 2023.
5. Beyonce – Net Worth $500 Million
Beyonce is one of the brightest shining stars of pop music of this century. The singer with bags full of awards, records, and honors has given the music industry some of the most wonderful creations. She is the first artist to top-six back-to-back albums in the Billboard 200 list since her debut. So, it’s no wonder this magnificent lady with millions of fans would be one of the richest in the market. The 28-times Grammy winner runs several businesses alongside her musical career.
From founding the entertainment company Parkwood Entertainment to endorsing billion-dollar company Pepsi, Tommy Hilfiger she built a vast network for herself. She bought the music streaming platform Tidal, signed a partnership deal with Peloton, and bought the British company Topshop as well. Along with her husband Jay Z, she is one of the most successful businesspersons in the music industry.
6. Gloria Estefan – Net Worth $500 Million
Gloria Estefan is one of the few artists who has garnered fame from both public and the administrative level in the US. She sang in both English and Spanish and interestingly both types were equally famous. As a matter of fact, Gloria’s album Mi Tierra won the Grammy awards for Best Tropical Latin Album in 1993. The Cuban-American artist’s album made it to the top of Billboard’s Top Latin Albums chart.
Starting her career in the band Miami Latin Boys in the ‘80s, Gloria has achieved multi-faceted success. Besides winning three Grammy Awards, the star has also been inducted into the Hollywood Walk of Fame. She was awarded the Presidential Medal of Freedom and later the Kennedy Center Honors for her contribution to American Music and Culture. Gloria is also a prolific business owner with a chain of Cuban-themed restaurants, a director in the Board of Univision Communications, and she owns a stake in the NFL team Miami Dolphins.
7. Victoria Beckham – Net Worth $450 Million
Victoria Beckham is a much-discussed celebrity fashion designer and former singer. The member of the girl group Spice Girl has an interesting and also successful life. At first, Spice Girl became the best-selling girl band of all time having sold 90 million records globally. Aside from that, her marriage to David Beckham, the famous English footballer, has also contributed to her massive wealth. As Spice Girl broke up, Victoria went solo and signed a deal with Virgin Records. In the meantime, she had started participating in and organizing fashion events.
To her amazement, it was gathering traction and Victoria decided to commit full-time to fashion designing and other business ventures. Soon, she became one of the most successful fashion designers in the UK and subsequently in other countries. She was honored with OBE for her contributions to the fashion designing industry in 2017. The joint ventures of the couple have been in the news constantly as they continue to see financial success.
8. Jennifer Lopez – Net Worth $400 Million
Here is another phenomenal singer, the great JLo. The singer with a strong career in the film industry Jennifer Lopez is one of the most influential Latina figures in American Pop culture. Starting out as an actress in Hollywood, the first Latin actress ever to get paid one million dollars was her first achievement. From the size of her first success, it seems pretty obvious that in the past two decades she has done way more than that.
Forbes listed her as one of the most powerful celebrities and women in the world, as well as she is Time’s one of the most influential people in the World. The mystical star owns and endorses various clothing, accessories, home appliances, fragrance line, and many more things. Her Glow fragrance is one of the most popular in the US.
9. Barbra Streisand – Net Worth $400 Million
Barbra Streisand is someone who has achieved everything one can ever dream of. She is the first female artist ever to have 11 Billboard 200 number 1 albums. Her music career started in 1963 with her album The Barbra Streisand Album that won two Grammy Awards. Being so successful throughout the decade, Barbra tried her hands in acting. Here again, she won the Academy Award for Best Actress for the film “Funny Girl”.
In the coming years, the singer-slash actress became the first woman to be awarded the Academy Award for composing, the first woman to write, produce, direct, and star in a big-budget film. She was also the only woman to ever receive the Golden Globe Award for Best Director. Barbra is one of the very few artists to win the EGOT — Emmy, Grammy, Oscar, Tony. No wonder she earns the big bucks from all these mind-blowing achievements.
10. Shania Twain – Net Worth $400 Million
Shanina Twain is another wonderful musician who has got loads of records and honors to her name. The singer hit a bumpy road in the beginning when her first album failed in 1993 but from there she never had to look back as her second album brought the first Grammy. Even though she has released only five studio albums, Shania is one of the highest-selling musicians of all time with more than 150 million records sold globally.
The Candian country star is the best-selling female artist in the history of the genre. Many media outlets have recognized her as the Queen of Country Pop. Shania’s album Come On Over sold over 40 million copies internationally making it the best-selling album by a female singer. The songstress is a recipient of 5 Grammy Awards, a World Music Award. Shania has been inducted into the Canadian Hall of Fame and Hollywood Walk of Fame. She carried the Olympic torch in her hometown for the 2010 Winter Olympics Torch Relay.
11. Taylor Swift – Net Worth $400 Million
Taylor Swift comes from a distinct style and aura from the other stars of this list. Though she is no less than any of the other musicians in terms of fame or talent, she appeals to a different type of charm. The singer with more than 200 million records sold globally, with 11 Grammy Awards, 28 Guinness World Records, and 32 American Music Awards is a forerunner with high authority in the industry.
Besides being included in Forbes and Time’s several lists, she was also declared as the Artist of the Decade by Billboard. Such a star commands a massive chain of enterprises under her name as well. Having worked with and endorsed companies like Coca-Cola, AT&T, Apple, Taylor has also launched a clothing line in 2019. In short, Taylor is talented, beautiful, and intelligent enough to run a multi-million dollar business.
12. Trisha Yearwood – Net Worth $400 Million
Trisha Yearwood is a notable name in the country and country-pop genre. Her album Trisha Yearwood sold over 2 million copies and the single “She’s in Love With the Boy”. In the coming years, singles like “Walkaway Joe”, “The Song Remembers When”, “Believe Me Baby (I Lied)” made her one of the most famous singers of her time. Trisha has won three Grammy Awards, three Country Music Association Awards, and has been a cast of the Grand Ole Opry.
Having taken a long leave from music, the singer focused on cooking and started her own show Trisha’s Southern Kitchen. She also wrote a cookbook that made it to the New York Times Best Selling List.
13. Cher – Net Worth $360 Million
Cher is a veteran in the entertainment world with over sixty years of experience. Primarily a singer, she is also an established actress with an Academy Award for Best Actress, three Golden Globe, and one Cannes Film Festival award in her list. Popularly known as the Goddess of Pop, she has been performing since the ‘70s and has sold more than 100 million records across the globe.
Through the vocal critique of social and political wrongdoings and as an LGBTQ activist, Cher has gained the love and respect of millions of people worldwide. The star, now in her ‘70s, is still active in the industry and works on some selected projects. Aside from entertainment, the septuagenarian star runs several businesses in fashion designing and other industries that have helped her make a massive fortune.
14. Katy Perry – Net Worth $330 Million
Katy Perry is another individual with massive influence in the global entertainment industry. The singer with the highest viewed super bowl halftime show in history has achieved quite a lot in the last two decades. Having sold more than 125 million records globally, Katy Perry is one of the highest-selling artists of all time. Katy is also one of the highest-earning women in the music industry according to Forbes lists. The former UNICEF Goodwill ambassador is a successful business personality as well.
The extremely hardworking entrepreneur has a few smart strategies deployed to bring in hefty sums constantly. Her merchandise is a massive success, along with her selective brand endorsement for the selected companies such as Proactiv, CoverGirl, and Adidas. The boss lady doesn’t shy off to openly acknowledge her work ethic and success as she has often been covered as a business personality in magazines like Forbes.
15. Lady Gaga – Net Worth $320 Million
Everybody knows the talented singer for her multi-hyphenated personality and overall a magnificent singer. Starting her career in 2007, Lady Gaga has five back-to-back number-one albums on the Billboard 200 chart. The first woman ever to win the Academy, BAFTA, and Golden Globe is also a fantastic actress. Gaga has so far sold over 124 million records and won 12 Grammy awards in just two decades of her career.
As a business personality, she launched her vegan cosmetic brand Haus Laboratories in 2019. The singer also partnered up with Brands like MAC. Gaga also launched a fragrance line called Fame in 2008.
16. Mariah Carey – Net Worth $320 Million
Mariah Carey is the role model for anyone who wants to accomplish unimaginable things in life. She is the first musician in history to have her first five singles on top of the Billboard Hot 100 chart. Albums like Merry Christmas, Daydream, and others helped Mariah achieve the outstanding figure of 200M+ records sold worldwide. The superstar topped the Billboard Hot 100 decade-end chart resulting in becoming the Artist of the Decade. World Music Awards even declared Mariah as the Artist of the Millennia. Virgin Records signed the actress a $100 million deal, though it didn’t work out well.
The highest-selling female singer of all time (tying with Barbra Streisand) promoted the Intel Centrino in 2006. Mariah also signed a brand endorsement deal with Claire’s and Elizabeth Arden. The latter made the singer over $100 million.
17. Shakira – Net Worth $300 Million
Here is another queen to talk about. Shakira is undoubtedly one of the most talented and popular musicians in the world. What she is doing for the last two decades is nothing short of amazing. Shakira’s music has billions of views and streams on digital platforms and her records are sold for millions of copies globally.
The Latino star has won three Grammy and Twelve Latin Grammy awards in her career. Such a star is bound to have a massive net worth. The singer, like the others on this list, is an intelligent businesswoman as well. She has multiple brands in the fashion industry such as fragrances, clothing, etc. She launched Elixer, a perfume brand in 2012. Last year Shakira released a new clothing line for her Halftime performance merchandise.
18. Bette Midler – Net Worth $250 Million
Bette released 14 studio albums in her career that spanned over five decades. The singer and actress started her career with Broadway musicals in the ‘60s. Bette’s fame started growing throughout the decade and today she has sold over 30 million records with three platinum and three multiplatinum. Having won three Grammy awards as a singer, Bette has also won four Golden Globe and three Primetime Grammy Awards. She has also won the Tony Awards for Best Actress in a Musical.
19. Diana Ross – Net Worth $250 Million
Another septuagenarian in the house! Diana started her career in the 1960s in Motown. Their girl group the Supremes is still noted as one of the highest-selling groups of all time. After Diana left the group and started solo, she has had all the success as a musician. Starting with the US number 1 album Diana Ross, she is recognized as the creator of the most hit songs in the US and the UK. The mind-blowing artist was inducted into the Rock and Roll Hall of Fame. The recipient of a Kennedy Center Award, a Presidential Medal of Freedom is still known as one of the most prolific female singers.
20. Tina Turner – Net Worth $250 Million
Tina started her career in 1957 with the group Kings of Rhythm. Before breaking out, the group produced some great hits including a grammy-winning single “Proud Mary”. Tina won the Grammy Award for Record of The Year in 1984 with her single “What’s Love Got to Do With It”. Having made a solid comeback to music, Tina set the world record for having a grand total of 180000 people in her audience for the Break Every Rule tour.
Tina has won 12 Grammy awards with over 100 million records sold internationally. The two-times inductee of the Rock and Roll Hall of Fame retired in 2009 with her Tina!: 50th Anniversary Tour.