Forbes dropped its Celebrity 100 list Wednesday, and Taylor tops the charts with the biggest earnings total of her career.
Other huge names on the world's highest-paid celebrities list included fashion icons Kim Kardashian and Kanye West, singers Beyonce and Jay-Z, professional athletes Steph Curry and LeBron James, and Harry Potter author J.K. Rowling.
The "Blank space" hitmaker had also topped on the list back in 2016, with $170 million earnings.
Swift, hot off her 2018 "Reputation" tour and album, earned an estimated $185 million to take the No. 1 spot.
A portion of Swift's success in the previous year is attributed to her "Reputation" Stadium Tour, which grossed $266.1 million to break the record for the highest-grossing tour in USA history, Forbes reported.
Swift's new album Lover - her first release with her new record label Republic Records - comes out in August. Kylie's boyfriend Travis Scott made the list as well, hitting no. 39 with $58 million. In fact, Forbes recently named her the youngest self-made billionaire. The makeup mogul also launched her own vegan skincare line, Kylie Skin, in May and could put out a baby collection soon after reportedly filing a trademark for Kylie Baby.
Taylor is one of only 16 women on the list of 100 celebrities. The majority of the rapper's income came from the Yeezy sneakers he launched in partnership with Adidas.
Ed Sheeran, who is placed fifth in the list, is the highest-ranking Briton with estimated pre-tax earnings of $110m (£88m).
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