Billboard reveals the Top 40 money makers of 2014

Each year, Billboard's list is calculated by taking into account the musician's earnings in the U.S, including touring, recorded music sales, publishing royalties and video streaming revenue.

This year, America's country singers have topped the famous Billboard chart, with Taylor Swift taking the number one spot followed by Kenny Chesney and Luke Bryan — who are both in the top 10 with Swift. Plenty of hip-hop and pop artists also feature, including Beyoncé, Justin Timberlake and The Rolling Stones.

Take a look at the full list and figures below:

1. Taylor Swift - $39,699,575.60
2. Kenny Chesney - $32,956,240.70
3. Justin Timberlake - $31,463,297.03

4. Bon Jovi - $29,436,801.04

5. The Rolling Stones - $26,225,121.71
6. Beyoncé - $24,429,176.86

7. Maroon 5 - $22,284,754.07
8. Luke Bryan - $22,142,235.98
9. P!nk - $20,072,072.32

10. Fleetwood Mac - $19,123,101.98
11. Justin Bieber - $18,873,458.41
12. Bruno Mars - $18,839,681

13. One Direction - $18,041,472.69

14. Jason Aldean - $17,896,191.98
15. George Strait - $16,002,761.63
16. Jay Z - $15,652,428.82
17. Michael Buble - $14,478,084
18. Mumford & Sons - $14,172,940.87
19. Dave Matthews Band - $13,932,731.14
20. Rihanna - $13,794,186.16
21. Paul McCartney - $13,769,479.16
22. The Eagles - $13,026,210.18

23. Celine Dion - $12,755,539.71
24. Trans-Siberian Orchestra - $12,473,798.20
25. Phish - $12,406,611.95

26. Kanye West - $11,574,833.92

27. Blake Shelton - $10,349,774.77
28. John Mayer - $10,010,017.17
29. New Kids on the Block - $9,938,526.59
30. Zac Brown Band - $9,888,213.32

31. Imagine Dragons - $9,448,031.68

32. Jimmy Buffett - $9,404,015.71
33. Elton John - $9,369,224.53
34. Rascal Flatts - $9,215,475.78
35. Rush - $9,050,583.42

36. Miranda Lambert - $8,831,605.89
37. Lil Wayne - $8,788,416.66
38. Tim McGraw - $8,761,716.61
39. Eminem - $8,524,782.99

40. Carrie Underwood - $8,051,483.55