Irish rock band U2 has been named the highest-earning band in the world.

According to Forbes.com, they are estimated to have made 84.9 million pounds, including ticket and merchandise sales and a steady-selling back catalogue, the Telegraph reported.

U2 also signed a 12-year deal in March 2008 with Live Nation worth an estimated 50 million pounds, which includes the live-events company controlling the band’s merchandise, sponsoring, and their official website.

The Forbes.com top-earning musicians of 2010 are:

1. U2 – 84.9 million pounds

2. AC/DC – 74.5 million pounds

3. Beyonce Knowles – 56.8 million pounds

4. Bruce Springsteen – 45.7 million pounds

5. Britney Spears – 41.8 million pounds

6. Jay-Z – 41.1 million pounds

7. Lady Gaga – 40.5 million pounds

8. Madonna – 37.9 million pounds

9. Kenny Chesney – 32.6 million pounds

10. Black Eyed Peas – 31.3 million pounds

10. Coldplay – 31.3 million pounds

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