Taylor Swift and Sixers partner David Adelman have joined Forbes' billionaires list

Taylor Swift has officially become a billionaire.

Swift and Sixers partner David Adelman are two local names among the new entrants to Forbes' annual billionaires ranking. the list, Published this weeklooked at stock prices and exchange rates on a single day in March to calculate people's net worth.

Swift, who was named Time magazine's 2023 Person of the Year, grew up in Berks County and has song lyrics that reference the Eagles. She entered the billionaires list with a net worth of $1.1 billion. According to Forbes, the singer became a billionaire in October, thanks in part to her ongoing Era's Tour, and is the only musician to make the list from music and performance earnings alone.

David Adelman, a limited partner in the Sixers and the lead arena developer behind the team's proposed new stadium, It also made the list for the first time this year. In addition to his work with the Sixers, Adelman is CEO of national student housing company Campus Apartments and co-founder of FS Investments, an investment firm.

Also new to the list this year is Nick Hawley, a Drexel University graduate and trustee of the Hawley Foundation., Which recently donated $15 million to Drexel to fund student scholarships. Howley is co-founder of TransDigm Group Inc., an aviation parts manufacturer headquartered in Cleveland.

Here are some of the billionaires with local connections who made the list this year.

This year, there are more billionaires than ever before, according to Forbes, with 2,781 billionaires joining the club worldwide — 141 more than last year's list. The rich are also getting richer. The net worth of all billionaires collectively rose by $2 trillion compared to last year's list.

Jeff Yass, Pennsylvania's richest man, appeared again on the list this year, with a reported net worth of $27.6 billion, but he fell in the overall rankings as of 2023. Yass is the co-founder of trading firm Susquehanna International Group and was an early investor in the company The Chinese who now owns TikTok. Last year, Yas made it to the list of the 50 richest people in the world with a fortune of $28.5 billion in Forbes' annual list. This year he ranked 64th.

Outside of the Philadelphia area, newcomers to the list this year also include the founder of fast-food chain Raising Cane's, the co-founders of fast-fashion company Shein, basketball star Magic Johnson, and fashion designer Christian Louboutin.