Madonna is Forbes's Top-Earning woman of the year

With earnings of $125 million, pop singer Madonna is the highest-paid woman in music, easily surpassing Lady Gaga and country-pop singer Taylor Swift, Forbes said on Wednesday.

Her income for the 12-month period used by the magazine also made her the highest-earning celebrity overall, it said. Much of Madonna's earnings from June 2012 to June 2013 were from her worldwide MDNA Tour, which pulled in $305 million.

But the 55-year-old singer, who jumped from ninth place in 2012, also made money with merchandising sales, her fragrance and from her Material Girl clothing line.

She is "music's top earner of any genre or gender and the highest-paid celebrity of any stripe," according to Forbes.

Madonna is followed by Lady Gaga, Taylor Swift, Beyonce and Jennifer Lopez respectively.
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