The list, compiled by measuring touring revenue, music sales,
publishing royalties and other streaming and on-demand figures, was topped by
Madonna with $34.5 million. Like many of the acts on the list, her gaudy figures
were goosed by concert revenues, in her case the blockbuster MDNA tour,
which was 2012's biggest outing with $305 million in grosses.

Madge earned a hefty $32 million of that cash, combined with $1.5 million
from album sales. Bruce Springsteen ($33.4 million), Roger Waters ($21.1
million), Van Halen ($20.1 million), Kenny Chesney ($19.1 million), the Dave
Matthews Band ($18.9 million), Tim McGraw ($18.3 million) and Jason Aldean
($17.5 million) rounded out the rest of the top eight.

Thanks to their massive Mylo Xyloto tour and strong album and singles
sales, Coldplay cracked the top 10 at #9 with $17.3 million and Bieber snuck in
at #10 with $15.9 million. JB racked up $2.6 million in physical album sales,
along with another $806,000 in digital album sales and $1.8 million in digital
track sales as well as $10 million from his sold-out Believe arena
tour.

One artist who didn't rely on touring to bank big bucks was Adele, who hit
#11 with $13.9 million thanks to physical album sales of more than four million
in 2012 and more than 1.2 million digital sales. Swift came in behind Lady
Antebellum ($12.9 million), Celine Dion ($12.9 million) and Brad Paisley ($12.8
million) at #15 with more than $12.6 million in earnings from the sales of more
than four million physical and digital albums and a mind-blowing 15.6 million
digital tracks as well as tour revenue.

Underwood was hard on her heels at #16 with $11.9 million, also with a
combination of strong digital sales and live dates. Drake's Club Paradise tour
helped him nab the #24 slot ($9.5 million), earning him the majority of his
haul, along with the 8.8 million digital track sales from Take Care,
which brought in another $1.6 million.

Making their debut at #30 were One Direction, who banked $7.9 million thanks
to sales of two million copies of their two #1 albums. Grammy winners the Black
Keys came in at #32 with $7.3 million on the back of their first headlining
arena tour, which grossed them $4.2 million.

Maroon 5 were just behind at #33 with $7.1 million, mostly thanks to sales of
13.3 million digital tracks, which banked them $2.4 million, as well as album
sales for Overexposed.

Jay-Z drifted in at #34 with $7 million, most of which ($4.7 million) came
from his Watch The Throne tour dates with Kanye West. Helping to round
out the list were Album of the Year Grammy winners Mumford & Sons, who hit
#39 with $6.1 million, mostly from the $3.7 million they earned off sales of
Babel.