Forbes debuted its 2019 list of the "Top 10 Highest-Paid Women In Music" this week and Taylor, 29, landed in their number one spot!
According to the publication, Taylor, who recently released her new album Lover, raked in $185 million pretax over the past year.
Most of the 10-time Grammy winner's earnings come from her Reputation Tour, which reportedly grossed $266 million. Taylor also signed a "nine-figure deal" with Universal Republic Records in 2018.
Beyoncé, 37, stole second place on Forbes' list and brought in a whopping $81 million in pre-tax earnings.
Most of her annual income came from the Homecoming album, the On the Run II tour with husband Jay-Z and her Netflix special.
Rihanna, who hasn't released a new album since January 2016, ranked as the third highest-paid women in music. She made $62 million this year but majority of it came from her Fenty Beauty line.
What do you think of Taylor and Beyoncé ranking as the top two highest-paid women in the music industry? Let us know in the comments below!