Concerts account for 68.9% of the total revenues for the 40 artists on the list, which estimates annual earnings. According to the figures, compiled using Boxscore concert data and Nielsen SoundScan sales information, Bruce Springsteen came a close second. He earned $33.4m (£25.3m) after touring to sold-out stadiums and arenas on the back of his number one album Wrecking Ball.
Strong merchandise sales helped with his earnings, with Springsteen's live shows making up 92% of his overall revenue. Waters came third with earnings from his large scale The Wall Live tour estimated at $21m (£16m). Van Halen were in fourth position with $20m (£15.3m) after touring in support of their album A Different Kind of Truth.
Festival Update - Beyonce and Kings of Leon have been announced as the two headliners for this year's V Festival. The event takes place at Weston Park, Staffordshire and Hylands Park, Essex on 17 and 18 August. Organisers say Beyonce's appearance will be her only European festival slot of the summer. Also on the bill are Emeli Sande, Jessie J, Ellie Goulding, The Script, Two Door Cinema Club, Beady Eye and Calvin Harris. Winner of the 2012 series of The X Factor, James Arthur, will perform as will former winners of the show Little Mix. The Vaccines, Olly Murs, Paloma Faith, Rita Ora, Fun, Jessie Ware, Gabrielle Aplin and Rudimental will also play.
Festival director Simon Moran said, "With our line-up already boasting acts including Beyonce, Kings Of Leon and Emeli Sande, the 18th annual V Festival is once again set to be an unmissable weekend. We have a reputation for bringing fans the best world class acts and breakthrough artists, 2013 is set to be another sensational year."
Eurovision Entry - Ryan Dolan from Strabane, County Tyrone, has been announced as Ireland's entry for the 2013 Eurovision Song Contest. His song Only Love Survives came first in the Eurosong competition on RTE's Late Late Show. This year's competition will take place in Malmo in Sweden. The first semi-final will take place on 14 May.
(Jim Evans)
