Beyonce has topped Forbes’ Highest-Paid Women In Music List in 2014 with more than $115 million.

Beyonce had the “biggest year of her career”, playing 95 shows, bringing in an average $2.4 million per city, according to Forbes magazine.

Endorsement deals with companies like Pepsi and H&M, along with the surprise album she released in December 2013, helped Beyonce to the top spot.

The self-titled album was released on iTunes with no prior promotion.

Beyonce has just announced she’ll be releasing a platinum version of that album later this month, which will include new songs and a concert video.

Taylor Swift came in second on the Forbes list, taking home an estimated $64 million.

Completing the top three is Pink, who played 85 dates during the time period Forbes used to make its estimates.

Beyonce has topped Forbes’ Highest-Paid Women In Music List in 2014

Her earnings were valued at $52 million.

Other artists on the list include Rihanna in fourth with $48 million and Katy Perry, who took home $40 million, in fifth.

Forbes calculated earnings by looking at income from “touring, record sales, publishing, merchandise sales, endorsements and other ventures” between June 2013 and June 2014.

They also interviewed managers, lawyers and executives and looked at data from organizations such as Nielsen SoundScan.

Some of the high-profile artists who missed out on a spot in the top 10 included Madonna, Nicki Minaj and Alicia Keys.

Top-earning women in music:

1. Beyonce – $115 million

2. Taylor Swift – $64 million

3. Pink – $52 million

4. Rihanna – $48 million

5. Katy Perry – $40 million

6. Jennifer Lopez – $37 million

=7. Miley Cyrus – $36 million

=7. Celine Dion – $36 million

9. Lady Gaga – $33 million

10. Britney Spears – $20 million

Source: Forbes

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