Madonna crowned top music earner in 2012 due to world tour
(REUTERS) - Madonna was named the biggest money maker in music in 2012 on Friday, with a world tour helping her take home up to US$34.6 million (S$42.9 million) and highlighting the earning power of live performances as the industry increasingly goes digital.
The 54-year-old Material Girl topped Billboard Magazine's annual list of 40 top money makers for the second time after earning an estimated US32 million - 93.5 per cent of her revenue - from her 88-date MDNA tour, 2012's biggest tour.
Madonna, who also led the list in 2008 due to tour income, was the only woman in the top 10 with last year's winner, Taylor Swift, who fell to 15th place as she did not tour in 2012.
In second place in the music magazine's list was Bruce Springsteen whose US$33.4 million revenue was also primarily driven by touring, playing to sold-out stadiums and arenas.