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Britney Spears has topped Forbes' list of 10 Highest-Paid Women in Music 2012 list, raking in $58 million. 

Taylor Swift is also among the top-earners on the list this year. T-Swift is number-two, having hauled in $58 million between May 2011 and 2012.

Forbes claims T “grossed over $1 million per night on the road this year, and…there's more cash on the way: Red moved 1.2 million units its opening week this fall.”

The figure includes record sales, touring, endorsements and merch sales minus management fees, legal costs and taxes.

The rest of the Top 5 are Rihanna ($53m), Lady Gaga ($52m) and Katy Perry ($45m).

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