Taylor Swift Isn't the Highest-Paid Female Musician, Beyoncé is

Beyonce is the highest-paid female musician
Beyonce performs onstage during The 59th GRAMMY Awards at STAPLES Center on February 12, 2017 in Los Angeles, California. Kevin Winter/Getty Images

Taylor Swift, the former highest-paid woman in music, was dethroned by Queen Bey.

After claiming the title of Forbes' Highest-Paid Female Musician in 2016, Swift has been officially bumped by none other than Beyoncé, who grossed an impressive $105 million pretax between November 2016 and November 2017.

Beyoncé is still riding high from the success of her sixth solo album, Lemonade, which was her sixth album to land the No.1 spot on Billboard's 200 chart after its April 2016 release. In fact, all 12 of the tracks that appeared on the video-album secured spots on Billboard's Hot 100 chart.

Beyonce is now the world's highest-paid woman in music, according to @Forbes. Queen Bey's income is $105 million. pic.twitter.com/KMLMqqUyrD

— AJ+ (@ajplus) November 21, 2017

Album sales aside, Beyoncé's worldwide Formation tour turned out to be a lucrative asset for the former Destiny's Child singer. Despite taking time off during the summer in preparation for the birth of her twins, Rumi and Sir Carter, Beyoncé's tour grossed a quarter of a billion dollars, according to Forbes.

Adding to Beyoncé's family value, her husband, rapper Sean "Jay Z" Carter, came in at the No. 3 spot on Forbes' Highest Paid Hip Hop Artists of 2017 in September. He raked in $42 million worth of earnings between September 2016 and September 2017. He came behind Sean "Diddy" Combs, who grossed $130 million pretax, and Canadian rapper Drake, who brought in $94 million before taxes.

Following Beyoncé's massive earnings was British songstress Adele, who grossed $69 million thanks to her high-selling worldwide tour, which she ended two months early.

Meanwhile, Swift, who earned $44 million, landed in third place on Forbes' list. However, with the November 10 release of Swift's latest album, Reputation, which is already being considered the best-selling album of the year, Swift could reclaim her No. 1 spot on the list in 2018.

Within its first week of sales, Swift's sixth studio album moved 1.216 million copies, marking Neilsen Music's 10th-largest week of album sales since the company started tracking sales in 1991, according to Billboard. The "Look What You Made Me Do" singer's new album outsold the Ed Sheeran's ÷ (Divide), which had been the best-selling album of 2017. Approximatly 931,000 copies were sold since its release on March 3.

In 2016, Swift, who was the youngest female artist to appear on Forbes' list at the time, grossed roughly $170 million thanks to the success of her 1989 tour. Ticket sales for the 27 year old's worldwide tour brought in over $200 million.