The star earned $135 million (£84.4 million) thanks to her Prismatic world tour, endorsements with Coty, accessories company Claire's and Covergirl and her music.

Perry has beaten out her closest rival, rumoured real-life foe Taylor Swift, by $55 million (£34.4 million). The Shake It Off star's total earnings comes to $80 million (£50 million) for the second spot on the list.

The female members of Fleetwood MAC come in third with $59.5 million (£37.2 million), while Lady Gaga and Beyonce close out the top five, respectively.

Britney Spears, Jennifer Lopez, Miranda Lambert, Mariah Carey and Rihanna are also included on the list.