Madonna tops Forbes list of worlds highest-paid musicians

The queen of pop is still on top, as Madonna earns the title of world's highest-paid musician of 2013, reports the Daily Mail, citing her latest ranking in Forbes .

According to the magazine, the 55-year-old diva earned $125 million from June 2012 to May 2013 thanks to her highly-successful MDMA Tour.

The tour, which grossed $305 million, was able to carry the singer all the way to the bank, despite lackluster album sales and the inability of her single Give Me All Your Luvin to chart in any significant way.

The publication states that it 'took into account concert ticket sales, royalties for recorded music and publishing, merchandise sales, endorsement deals, and other business ventures.'

In addition to her tour, Madonna's other endeavors include merchandising from her concert, her clothing line and her perfume, all of which helped the songstress dominate the list of top earners.

Lady Gaga came in second with a yearly income of $80 million.

The Mother Monster took in $160 million from touring, which had to be cut short due to a hip injury. Forbes has stated that if the singer/songwriter had been able to finish out her tour, she could have possibly pulled in $200 million.