Madonna Ranked by Forbes as World's Highest-Earning Celebrity

Iconic diva Madonna tops Forbes' highest-earning celebrities list, with $125 million in estimate earnings for the period from June 2012 to June 2013. The 55-year-old Material Girl bested other A-listers in the roster like filmmaker Steven Spielberg and TV personality Simon Cowell.

Despite the lackluster sales performance of her album "MDNA", the $305 million that its supporting world tour brought in was enough to boost Madonna's earnings ahead of the pack. Adding to her total are profits from merchandise and other business ventures like her fragrance and clothing line.

Meanwhile, Oprah Winfrey, who is Forbes' 2013 Most Powerful Celebrity, fell outside of the top ten at No. 13, due to a big pay cut and losses incurred from running her own network.