No, not all singers are billionaires. The vast majority of singers are far from having a net worth that exceeds a billion dollars. It is true that some singers have managed to amass great wealth and fame, but even the most reputable and successful singers do not have billions of dollars in their pocket.
The vast majority of singers who are currently active in the industry may enjoy some level of wealth and fame, depending on the type of career they have chosen to pursue and how long they have been at it, but this rarely translates into becoming a billionaire.
If a singer is able to land some major endorsement deals, or even get the opportunity to launch any other kind of business or venture outside of music, then it is possible for them to eventually become very wealthy, even if they do not reach the billionaire threshold.
All that being said, there are some singers who have managed to achieve billionaire status, depending on the type of investments they have made in addition to their music careers. Examples of this are Jay-Z and Madonna, who have made clever business moves over the course of their music careers, allowing them to reach the billionaire bracket.