Taylor Swift is among 141 of the world's newest billionaires according to Forbes.
The US pop star jumped onto the rich list with a net worth of $1.1 billion due to her hugely successful Eras Tour along with the value of her music catalogue, the business magazine said.
Two Australians also reached billionaire status according to the 2024 list including Mario Verrocchi, the chief executive and co-founder of Chemist Warehouse, with a reported net worth of $1.4 billion.
Malaysian-born Sam Chong, co-owner of Jellinbah Group - the operator of two Queensland coal mines - also joined the list worth $1.7 billion.
Mining magnate Gina Rinehart remained Australia's wealthiest person but her wealth of $30.8 billion pales in comparison to the world's richest.
Bernard Arnault, the French chairman and CEO of LVMH luxury retail group, sits atop the global rankings with his family for a net worth of $233 billion.
LVMH boasts brands including Louis Vuitton, Tiffany & Co and Sephora.
Tesla CEO Elon Musk is second on the rankings with $195 billion followed by Amazon founder Jeff Bezos ($194 billion) and Facebook CEO Mark Zuckerberg ($177 billion).
Forbes reports the world's billionaires are richer than ever, worth $14.2 trillion in total, and up $2 trillion on 2023.
The US claimed the most billionaires with 813 followed by China with 473 (including Hong Kong) and India with 200.
