Madonna named world's highest-paid musician

Nov. 19 (UPI) -- She's still the Material Girl for a reason. Madonna has topped Forbes annual list of highest-paid musicians.

She earned a whopping $125 million from from June 2012 to May 2013, mostly through proceeds from her MDNA Tour. The Michigan native also earns money from tour merchandise, her Material Girl clothing line and Truth or Dare fragrance.

The 55-year-old entertainer far out-earned the likes of Lady Gaga (No. 2 at $80 million), Jon Bon Jovi (No. 3 at $79 million) and Toby Keith (No. 4 at $65 million). Coldplay came in at No. 5 with $64 million.

Rounding out the top five are Justin Bieber, Taylor Swift, Sir Elton John, Beyonce and Kenny Chesney.

Dr. Dre topped the list last year, raking in $110 million from his albums and his enormously successful headphone line Beats by Dre.