Taylor Swift and Magic Johnson Join Forbes Billionaires List

Taylor Swift and Magic Johnson were newcomers to Forbes ’ annual tally of the world’s billionaires, which the outlet released on Tuesday. They were joined by 263 other new additions, including the founder of fried-chicken destination Raising Cane’s, celebrity shoe designer Christian Louboutin, and three founders of the controversial clothing retailer Shein. Swift and Johnson were officially named billionaires months ago; the pop star joined the ranks in October following the runaway success of her Eras tour. According to Forbes , she earned “$190 million after taxes from the first leg” alone. NBA legend Johnson made his debut on the list that same month, due in large part to his stake in a life insurance company called Equitrust. The world’s richest people did well over the last year; their collective net worth soared $2 trillion, to an all-time high of $14.2 trillion, the outlet said. Fourteen members of the list are worth more than $100 billion.

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