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Madonna, Bruce Springsteen Rule "Billboard" Magazine's 2012 "Top Money Makers" List

Kevin Mazur/WireImage/Jo LopezWhich musicians hauled in the most cold hard cash last year?  According to Billboard, it was the Queen of Pop and The Boss.

Billboard added up the annual earnings of music's top names -- including tour revenue, digital music sales, streaming and subscription revenue -- and found that artists normally earn the most money from playing live.  That's why Madonna tops the magazine's list -- she had the year's most successful tour.  Bruce Springsteen, who also had an extremely successful year on the road, came in second.

Madonna earned $34,577,308.62 during 2012, according to Billboard, and more than 93 percent of that came just from her MDNA world tour.  Springsteen, meanwhile, brought in $33,443,606.64, of which 92 percent came from his Wrecking Ball world tour.

Right behind Bruce was Roger Waters at #3; the ex-Pink Floyd star raked in $21,160,131.06, with more than 93 percent of his revenue coming from his recent The Wall Live Tour.  Van Halen took the #4 slot on the tally after ringing up $20,184,709.91, with about 84 percent of the cash coming from their tour in support of A Different Kind of Truth, the group's first studio effort featuring original frontman David Lee Roth since 1984.

Veteran artists finishing further down on the list included Barbra Streisand (#20, $10,611,419.16), Neil Diamond (#21, $10,498,985.38), The Rolling Stones (#26, $9,276,084.10), Elton John (#29, $8,575,518.13), Journey (#35, $6,983,106.58) and Rod Stewart (#38, $6,459,568.26).

Check out the entire top 40 list at Billboard.com.

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