She's included at number 64 inthe list released on Tuesday because, Forbes says, she 'has not only broken record sales and captivated the world with her fantastically honest lyrics¹, but she has proven herself as an impressive businesswoman.' 

 

Taylor, who's 1989 album was her third consecutive² release to sell one million copies in its first week, is described by the business bible as a 'bona fide cross-genre, global megastar.' 

 

Forbes said she has changed the nature of celebrity³ by posting personally on Twitter and Instagram and making time to engage with her fans or 'Swifties'. 

 

It also cited her controversial decision to pull her music from the streaming service Spotify. 

 

'There's no denying that she's one of the most significant cultural influencers of our time,' Forbes said. 

 

Joining Tayloron the Forbes list are fellow celebrities⁴ Oprah Winfrey, the most powerful woman in entertainment ranking 12, Beyonce at 21 and Ellen DeGeneres at number 50. 

 

Also making the cut are Angelina Jolie at number 54 on the list and Sofia Vergara at number 57. 

 

The world's most powerful woman remains⁵ German Chancellor⁶ Angela Merkel followed in second place by Hilary Clinton.First Lady Michelle Obama is in tenth place on the list and Queen Elizabeth II is at 41. 

 

There are 15 billionaires with a net worth of 73.3 billion dollars (£47bn) which does not include Melinda Gates, 24 chief executives and 19 newcomers in this year's power list.

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