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Madonna has been named the highest-earning woman in music. The Material Girl, 49, tops the first-ever Forbes magazine Cash Queens of Music list, banking a massive $72 million USD between June 2006 and June 2007. Most of that money was earned from her landmark Confessions tour, the highest-grossing tour for a female artist, earning $260 million worldwide. Madonna also enjoyed income from record sales, her deal with high street fashion retailer H & M and payment from NBC for rights to broadcast her concert performance at London’s Wembley Stadium, Forbes reported. Barbra Streisand, 65 is the list’s oldest member, and landed the second place in the list, mainly thanks to her comeback tour, her first since she announced her retirement in 2000. In third place is Celine Dion, 39, who banked $45 million, largely from her hugely successful A New Day concert series at Caesars Palace in Las Vegas.

The Top 20 Cash Queens of Music, according to Forbes:

1. Madonna – $72 million
2. Barbra Streisand – $60 million
3. Celine Dion – $45 million
4. Shakira – $38 million
5. Beyonce – $27 million
6. Gwen Stefani – $26 million
7. Christina Aguilera – $20 million
8. Faith Hill – $19 million
9. Dixie Chicks – $18 million
10. Mariah Carey – $13 million
11. Hilary Duff – $12 million
12. Avril Lavigne – $12 million
13. Martina McBride – $12 million
14. Britney Spears – $8 million
15. Carrie Underwood – $7 million
16. Nelly Furtado – $7 million
17. Fergie – $6 million
18. Jennifer Lopez – $6 million
19. Sheryl Crow – $6 million
20. Norah Jones – $5.5 million

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