Richest woman in music announced

BEYONCE has been ranked by Forbes magazine as this year’s top-earning woman in music.

Forbes says she earned 115 million US-dollars ($A124.43 million) in the 12 months to June 2014 – more than double the 53 million she made the previous year.

Taylor Swift ranked second with 64 million US-dollars.

Pink, who has focused heavily on touring, was the third top-grossing woman in music, followed by Rihanna and Katy Perry.