Lady Gaga named most powerful celebrity in the world

Singer is also highest earning female artist of 2011

Eccentric singer Lady Gaga has been crowned the Most Powerful Celebrity in the World AND bagged the title of Highest Earning Female Artist of 2011.

The Born This Way singer raked in a pretty impressive $90 million (£58 million) this year and reigns as the World's Most Powerful Celebrity, according to Forbes magazine.

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Followed by Gaga on the power list comes hugely influential Oprah Winfrey who earned... wait for it... $290 million during the last 12 months.

Third place went to Justin Bieber (annual earnings of $53m), 4th to U2 ($193m) and 5th position went to Elton John.

The second highest earning female artist on the exclusive list was Taylor Swift ($45 million), followed by Katy Perry ($44 million) while Beyonce and Rihanna came fourth and fifth with earnings of $35 million and $29.

Adele was the only British female artist to be included on the list, with her record-breaking 21 album earning her an impressive $18 million (£11.5 m).

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