Taylor Swift net worth: Singer earning $1m each day on back of 1989 album and world tour

Taylor Swift will be having a very comfortable Christmas indeed. The Bad Blood singer is said to be the highest-earning musician after raking in more than $1m (£646,000) each day so far in 2015 thanks to the success of her 1989 album, world tour and various endorsement deals.

Since January 2015, The Express reports that the Wildest Dreams songstress has earned an estimated total of $317.8m (£205.5m) following the release of her chart-topping fifth studio album 1989. Swift is also adding to her fortune through ticket sales from her 85-date tour, which Billboard claims earned a staggering $173m (£112m) after 59 dates.

Addressing the singer's reported wealth, US-based media analyst Mike Raia said: "Right now, Taylor is untouchable. She is so far ahead of everyone else in the industry that she has become not only a powerhouse entertainer but also an important mover and shaker on the commercial side of the music business."

It is believed Swift is earning a large bulk of her income from endorsement deals with several brands, including Diet Coke and Elizabeth Arden, while she is said to have also invested her money into companies that handle music management and tours. The 1989 tour is coming to the end of its North American leg and will conclude on 12 December in Australia.

In an interview with NME earlier in October, Swift admitted she is already planning how to follow-up the success of her latest album, explaining: "How could the next one be as big? Maybe the next album will be a bridge to somewhere else. Or maybe I'll just go ahead and change everything." Financial analysts have said it is "inconceivable" that Swift will not end the year with earnings of $365m (£235m).

The Shake It Off hitmaker looks set to topple Beyoncé from her throne as the highest-earning female musician. In 2014, Forbes claimed Beyoncé, 34, earned $114m following her mammoth Mrs Carter Show world tour and On The Run film short with husband Jay Z.