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.