Taylor Swift has joined Elon Musk as ranking among the world’s wealthiest people, according to a new rich list.

The American pop star entered the Forbes World’s Billionaires List for the first time with $1.1bn (£877m), along with Sam Altman, creator of the AI chatbot ChatGPT on $1bn (£800m).

LVMH French luxury goods titan Bernard Arnault and his family topped the chart with an estimated $233bn (£185bn).

Forbes said there were a record 2,781 billionaires for 2024.

The figure is 141 more than last year and 26 more than the previous record set in 2021. Forbes added the elite were richer than ever – with a collective wealth of $14.2tn (£11.3tn).

Singer-songwriter Swift entered the rich list after achieving megastar status. She stole the show at this year’s Grammy Awards, becoming the first performer to win the prize for album of the year four times.

Her album 1989 (Taylor’s Version) was also the best-selling vinyl LP of last year.

Swift’s success is not just confined to the world of music. Her mere presence at American football games to watch her boyfriend Travis Kelce has been credited with raising NFL viewing figures.