Peter Kramer, AP
According to Forbes, Taylor grossed $54 million on her Fearless tour and pulled in more with album sales, downloads, performance royalties and endorsements, such as those she currently has with CoverGirl and Sony.
Miley Cyrus also makes the Forbes list, placing one slot above Taylor at No. 8. Others included in the list include Madonna, Lady Gaga, Oprah Winfrey, Beyoncé and Sandra Bullock.
Forbes' list is compiled from client information provided by agents, managers, producers and lawyers, and based on income earned between June 1, 2009, and June 1, 2010. Taylor is well on her way to placing in the Top 10 on the list again next year, as her latest album 'Speak Now' sold over one million copies in its first week of release.