Taylor Swift Named Highest Earning Musician Of The Year Thanks To 'Red' Tour

11 March 2014, 10:06 | Updated: 11 March 2014, 10:10

The 'Everything Has Changed' star's many business ventures helped her land the top spot on a new rich list.

Taylor Swift has topped a brand new list of the highest musical earners of the past year thanks to her hectic touring schedule, sponsorship deals and a steady stream of successful releases.

The '22' singer reached number one on Billboard's top 40 Money Makers from 2013, earning a reported $39.6 million in the past twelve months thanks mainly due to her six months on the 'Red' world tour.

Justin Timberlake finds himself a third on the countdown with an alleged $31.4 million thanks to his '20/20 Experience' tour as well as touring alongside Jay-Z on their joint 'Legends Of The Summer' venture.

Beyonce is at six with $24.4 million after launching her 'The Mrs. Carter Show' world tour in 2013, while Maroon 5 and Pink are also featured in the top ten musical earners of 2013.

Taylor Swift is now working on new songs ready for the follow-up to her 2012 album 'Red'.