The following are 2012's top 25 highest-paid musicians of the world, as identified by Forbes based on monetary totals calculated from May 2011 through May 2012.

25. Sade - $33 million - Ethan Miller/Getty Images

24. Michael Bublé - $34 million - Alberto E. Rodriguez/Getty Images

22. Kanye West - $35 million (tie) - Chris Hyde/Getty Images

21. Coldplay - $37 million - Peter Macdiarmid/Getty Images

20. Jay-Z - $38 million - Jamie McCarthy/Getty Images

19. Red Hot Chili Peppers - $39 million - Gareth Cattermole/Getty Images

18. Beyoncé - $40 million - Ethan Miller/Getty Images for ABC

17. Kenny Chesney - $44 million - Donald Bowers/Getty Images for American Express

15. Katy Perry - $45 million, (tie) - Michael Buckner/Getty Images for The Painted Turtle Camp

15. Diddy - $45 million, (tie) - Chris McKay/Getty Images for BET

14. Foo Fighters - $47 million - Jason Merritt/Getty Images

13. Lady Gaga - $52 million - Jemal Countess/Getty Images

12. Rihanna - $53 million - Simone Joyner/Getty Images

10. Toby Keith - $55 million, (tie) - Ethan Miller/Getty Images

10. Justin Bieber - $55 million, (tie) - Chris McKay/Getty Images for Jingle Ball 2012

8. Taylor Swift - $57 million, (tie) - Kevin Kane/Getty Images for Jingle Ball 2012

8. Paul McCartney - $57 million, (tie) -  Michael Loccisano/Getty Images

7. Britney Spears - $58 million - Jason Merritt/Getty Images

6. Bon Jovi - $60 million - Larry Busacca/Getty Images for Clear Channel

5. Take That - $69 million - Scott Heavey/Getty Images

4. U2 - $78 million - Mike Coppola/Getty Images

3. Elton John - $80 million - Mark Metcalfe/Getty Images

2. Roger Waters - $88 million - Larry Busacca/Getty Images for Clear Channel

1. Dr. Dre - $110 million - Christopher Polk/Getty Images for Coachella