Maane Khatchatourian
December 13, 2012 AT 06:04 PM EST

Ron Galella, Ltd./WireImage

After a few missteps, Britney Spears is officially back in the running for the title of queen of pop. The songstress is this year’s highest-earning woman in the music industry, according to Forbes.

The pop star earned $58 million between May 2011 and May 2012, thanks to her Femme Fatale platinum album and tour, as well as side endorsements and a fragrance line.

Spears barely edged out Taylor Swift, who reeled in $57 million. The breakup queen’s financial success can be attributed to her recent tour, which grossed over $1 million per night. Like Spears, she also banked on endorsements with CoverGirl and Sony.

Rihanna ranks third with $53 million (that can buy her a whole lot of diamonds), while Lady Gaga trails closely behind with $52 million (that can buy her a whole lot of raw meat). Katy Perry rounds out the top five with $45 million.

Here’s Forbes’ full list, which includes new moms Beyoncé and Adele, list staple Madonna, and surprise contender Sade.

1. Britney Spears: $58 million

2. Taylor Swift: $57 million

3. Rihanna: $53 million

4. Lady Gaga: $52 million

5. Katy Perry: $45 million

6. Beyoncé: $40 million

7. Adele: $35 million

8. Sade: $33 million

9. Madonna: $30 million

10. Shakira: $20 million

Read more:

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Elizabeth Taylor beats Michael Jackson for title of highest-earning dead celebrity

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