Lady Gaga Named Forbes Most Powerful Musician

Lady GaGa tops Forbes' Most Powerful Musicians in The World list. Based on earnings, social media presence and press mentions, the 27-year-old superstar beats fellow musicians including Beyonce Knowles and Madonna.

The Mother Monster makes it to the list's No. 1 after her "Born This Way" world tour grossed $168 million through January, despite being cut due to a hip injury. The "Bad Romance" hitmaker also has a strong social media presence with 38 million people following her on Twitter and 58 million fans on Facebook.

Beyonce takes the second place on the list as she has earned $2 million per show for her "Mrs. Carter" world tour. Her big bucks also come from the deals with Pepsi and H&M.

Madonna comes the third as her MDNA tour has grossed $305 million. Also on the list are country crooner Taylor Swift, classic rock band Bon Jovi, pop star Justin Bieber, sexy singer and actress Jennifer Lopez and RnB singer Rihanna. Coldplay's rockers are the only British musicians who make the cut. The Chris Martin-led band is placed the ninth, thanks to their world tour that pulled in more than $3 million per city. Katy Perry rounds out the top 10 with earnings from her fragrances, private gigs, sponsorship deal with snackmaker PopChips and her 2012 biopic, "Katy Perry: Part of Me".