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Rihanna comes in tenth place with $53 million, according to Forbes' List.
The singer's earnings come not only from her record sales but also from profits made from her tour, ad campaigns for Vita Coco and Nivea and her Reb'l Fleur fragrance.
Check out the full list of top earning musicians for 2012 on Forbes' website.
(Pictured: Rihanna performs onstage during the 2012 iHeartRadio Music Festival at the MGM Grand Garden Arena on Sept. 21, 2012 in Las Vegas, Nevada.)
(AP Photo / Christopher Polk/Getty Images for Clear Channel)