Thursday, November 21, 2013

Madonna Tops Forbes' Highest Earning Musicians List

Madonna was this year's top earning musician, according to Forbes' annual report that was released Wednesday.

The Queen of Pop rakes in $125 million before taxes, agents and managers fees, the financial magazine estimated. The majority of her income came from her MDNA Tour, which grossed $305 million, as well as merchandise sales, her Material Girl clothing line and Truth or Dare fragrance.

Following with $80 million was Lady Gaga, who grossed $160 million on her latest tour before a hip injury forced her to cancel dates. Forbes estimates had she been able to finish that tour, she would have raked in more than $200 million. Her recent album ARTPOP, which debuted at No. 1 on the Billboard 100 this week is expected to push Gaga to the top seat next year with a successful set of concerts in support.

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