Forbes published its list of the top-earning musicians from June 2009 to June 2010. Irish supergroup U2 sits in first place after earning $130 million. This is despite the fact the 360-degree tour was postponed due to Bono’s bad back and subsequent surgery.
The biggest names in music filled their coffers over the past year by touring. Other popular acts on the Top 10 list include: AC/DC ($114 million), Beyoncé Knowles ($82 million), Bruce Springsteen ($68.7 million) and Britney Spears ($64 million).
The report issued by Forbes also contained a warning. It says the market is becoming oversaturated with the same acts that head out on tour but do not promote new material. As a result, it predicts a downturn is inevitable in the music industry.
The last five acts on the Forbes’ Top 10 list include: Jay-Z ($62 million), Lady Gaga ($61 million), Madonna ($58 million), Kenny Chesney ($50 million) and a tie for 10th spot between Black Eyed Peas and Coldplay ($47 million).