U2 have topped Forbes magazine's list of Top Earning Musicians of 2010, netting $130 million over the last 12 months.
U2 have earned $130 million over the last 12 months.
The Irish rockers - who were recently forced to scrap a number of concerts after frontman Bono suffered a back injury - netted the staggering sum between July 2009 and June 2010 thanks to selling over 1.3 million tickets for their epic '360' tour, boosting their earnings further with merchandise sales and strong radio play for their extensive back catalogue.
Although U2 were named the Top Earning Musicians of 2010, according to figures compiled by Forbes magazine, veteran rock group AC/DC came a close second, earning $114 million from a tour which grossed $226 million - $2.3 million per night.
Beyonce Knowles was named the highest earning female of the year, taking third place with a stash of $87 million, thanks to a world tour, sales from her House of Dereon fashion line and endorsement deals.
Beyonce's husband Jay-Z also featured in the list, taking the sixth spot after raking in $63 million from record sales, a tour and his stakes in the New Jersey Nets basketball team, 40/40 nightclub chain and hit stage show 'Fela!'.
Eccentric singer Lady GaGa was a new addition, featuring at number seven with $62 million earnings, thanks to CD and download sales, her 'Monster's Ball' world tour and endorsement deals, narrowly beating her idol Madonna, who took eighth place with $58 million.
Forbes magazine's Top Earning Musicians of 2010:
1. U2 - $130 million
2. AC/DC - $114 million
3. Beyonce Knowles - $87 million
4. Bruce Springsteen - $70 million
5. Britney Spears - $64 million
6. Jay-Z - $63 million
7. Lady Gaga - $62 million
8. Madonna - $58 million
9. Kenny Chesney - $50 million
10 = Black Eyed Peas - $48 million
10= Coldplay - $48 million
10= Toby Keith - $48 million