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OTRC: Britney Spears, Taylor Swift make Forbes' List of Highest-Paid Musicians

Britney Spears appears in a photo posted on her official Facebook page on July 18, 2012. (Facebook.com/britneyspears)

Britney Spears, Dr. Dre and Taylor Swift are among the pack in Forbes' list of the 25 Highest-Paid Musicians of 2012.

Spears, 30, earned $58 million from May 2011 to May 2012, nabbing the seventh place spot on the esteemed list. The performer returned to the ranks of music's elite earners thanks to her fragrance line with Elizabeth Arden, her latest album Femme Fatale and her current judging gig on the hit singing competition "The X Factor."

Swift followed close behind the pop diva, earning the eighth place spot with $57 million, according to the list. The pop crooner grossed over $1 million per night on the road this year, and also earns big as one of the faces of CoverGirl. Her latest album, Red, moved 1.2 million units its opening week this fall, the best debut since 2002.

Dr. Dre nabs the title of 2012's top-earning musician with $110 million, according to the list. Along with his numerous music endeavors and projects, the rapper and recording artists' Beats headphone line brought in an enormous amount of revenue from May 2011 to May 2012.

Check out the list of the Highest-Paid Musicians of 2012 - with photos and details, as well as a shorter version below.

1. Dr. Dre - $110 million

2. Roger Waters - $88 million

3. Elton John - $80 million

4. U2 - $78 million

5. Take That - $61 million

6. Bon Jovi - $60 million

7. Britney Spears - $58 million

8. Paul McCartney - $57 million

8. Taylor Swift - $57 million

9. Justin Bieber - $55 million

9. Toby Keith - $55 million

10. Rihanna - $55 million

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