The 49-year-old entertainer leads Forbes.com's list of the top 20 "Cash Queens of Music," earning $72 million between June 2006 and June 2007.
The pop star's "Confessions" world tour pulled in $260 million, Forbes said. She also made money from album sales, her fashion line with H&M and a deal with NBC to broadcast her concert performance at London's Wembley Stadium.
Forbes.com said it compiled the list by examining concert grosses, merchandising revenue, album sales and other revenue from clothing lines, fragrance deals and endorsements.
Barbra Streisand is No. 2 with $60 million, thanks to her comeback tour of North America and Europe.
Celine Dion ranks third with $45 million, largely from her successful "A New Day" show in Las Vegas, which she wrapped up in December after a five-year engagement at Caesars Palace.
Shakira is fourth with $38 million, followed by Beyonce ($27 million), Gwen Stefani ($26 million), Christina Aguilera ($20 million), Faith Hill ($19 million), the Dixie Chicks ($18 million) and Mariah Carey ($13 million).
Hilary Duff, Avril Lavigne and Martina McBride each banked $12 million.
Britney Spears ranked 14th on the list, earning $8 million from music royalties and sales of her fragrances with Elizabeth Arden.
Spears is followed by Carrie Underwood and Nelly Furtado ($7 million each); Fergie, Jennifer Lopez and Sheryl Crow ($6 million each); and Norah Jones ($5.5 million).
