Forbes Magazine has released it’s list of Top-Earning Musicians list…The princesses of pop have dethroned the queen sooner than expected — at least in terms of earnings. Britney Spears came in at number five on Forbes’ 2010 top-earning musicians list while Lady Gaga came in at number seven — both ahead of Madonna who ranks eighth in earnings.

According to Forbes, number-five Britney earned $64 million, 24-year-old Gaga raked in an estimated $62 million while Madonna earned an estimated $58 million.

Also topping the list is Beyonce at number three — higher than her man Jay-Z who ranked six — making her the highest-paid female musician with a net of $87 million.

Here are the top 10:

1. U2 – $130 million

2. AC/DC – $114 million

3. Beyonce – $87 million

4. Bruce Springsteen – $70 million

5. Britney Spears – $64 million

6. Jay-Z – $63 million

7. Lady Gaga – $62 million

8. Madonna – $58 million

9. Kenny Chesney – $50 million

10. Black Eyed Peas – $48 million