Madonna tops highest-paid musicians list

Madonna has topped a list of the world's highest-paid musicians.

Madonna

Madonna has topped a list of the world's highest-paid musicians.

The singer is estimated to have earned an astonishing £77 million ($125m) during June 2012 to June 2013, according to the annual rich list compiled by Forbes.

Madonna made the majority of her money from her 'MDNA World Tour', as well as merchandise sales, her perfume and her Material Girl clothing line.

She also topped Forbes's rundown of the highest-earning celebrities across the entertainment industry for the same time period. 

Figures are based on box office sales, royalties for recorded and published music, merchandise, endorsement deals and other business interests.

Forbes used data from Pollstar, the RIAA, Nielsen SoundScan, managers, lawyers and artists in its calculations.

Only living musicians and groups are eligible for the list. 

The Top 10 highest-paid musicians according to Forbes are as follows:

1. Madonna £77m ($125m)

2. Lady Gaga £49.6m ($80m)

3. Bon Jovi £49m ($79m)

4. Toby Keith £40.3m ($65m)

5. Coldplay £39.7m ($64m)

6. Justin Bieber £36m ($58m)

7. Taylor Swift £34.1m ($55m)

8. Elton John £33.5m ($54m)

9. Beyoncé £32.9m ($53m)

10. Kenny Chesney £32.9 m ($53m)

Madonna

Madonna Madonna

Madonna's biggest hits include "Papa Don't Preach," "Like a Prayer" and "Vogue."

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