Guess who's Forbes' Highest Paid Female in Music

They are the biggest names in the music industry AND the sexiest too! 

Forbes' new list of the highest earning females in the music business for the current year is out.

Here's a look at the top five names that have made the list.

5. Katy Perry

With $40 million in earnings in the last year, songstress Katy Perry has taken up the fifth spot on this esteemed list.

While she performed 20 times in the past year, a modest number by all accounts, she made quite a bit of money from there and her endorsement deals.

4. Rihanna

The We found love and Diamonds hitmaker, who has emerged as a true star of our times -- she is churning out hit after hits and has a massive 37 million following on social media -- raked in a cool $48 million in the last year.

She's at number four in this list.

3. P!nk

Rockstar P!nk, 35, figures at number three with $52 million in earnings in the past year.

She played in a massive 85 concerts in total last year and is raking in some serious cash from her endorsement deal with Cover Girl.

2. Taylor Swift

Her crossover from Country to Pop has been more than successful -- her latest single Shake It Off has been a runaway success.

With the last year being arguably the best one she's had so far, Swift continues to pull in cash with live shows, endorsement deals and recorded music.

Did we mention she earned $64 million in the past year?

1. Beyonce

And it's the Queen Bey again, who has topped the list this year, besting her own record of $53 million from last year.

After a whopping 95 live shows that averaged $2.4 million per city, Beyonce raked in an unprecedented $115 million in the past year!