Taylor Swift is highest paid musician in the world

Singer tops 2012 Billboard Money Makers Poll after raking in £22 million in one year

Taylor Swift has been crowned the highest paid musician in the world after raking in an impressive £22million in one year alone.

The 22-year-old country singer has topped Billboard Magazine's Music Money Makers' List after amassing an impressive fortune from album and single sales plus a sell-out US tour.

In second place on the prestigious list were rockers U2 who netted £20million, while country singer Kenny Chesney took third place with earnings of £19million.

Last year's highest earner Lady Gaga now resides at fourth place with an annual income of £16million and rapper Lil Wayne rounded up the top five with £14million.

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Other notable stars down the list included Katy Perry at 14th place with £7.5million, Britney Spears at 16th with £6.5million and Rihanna who surprisingly trailed in 22nd place after making just under £5million.

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Adele also made a well-earned appearance on the list having raked in £8.3million.

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