( CNN ) -- Taylor Swift may be breaking records in the music industry , but Beyonce is breaking the bank . The superstar singer has for the second year in a row topped Forbes ' list of the top-earning women in music . The artist known as Beyonce Knowles Carter slid into the No . 1 slot last year with $ 53 million in earnings ; she more than doubled that in 2014 by earning $ 115 million . `` Beyonce played 95 shows during our scoring period , bringing in an average $ 2.4 million per city , '' Forbes reports . `` She added endorsement deals from the likes of H & M and Pepsi -- plus her self-titled surprise album , which hit iTunes in December 2013 and quickly became one of the year 's top sellers -- to send her income into nine-figure territory . '' Swift came in second with $ 64 million in earnings , which she can add to her accomplishment of selling almost 1.3 million records during the first week of the release for her `` 1989 '' album . Pink ranked No . 3 with $ 52 million , followed by Rihanna with $ 48 million and Katy Perry with $ 40 million . Forbes bases its list on calculating income from record and merchandise sales , touring , endorsements , publishing and other ventures , without deducting for management and/or attorney fees . The earnings were calculated from June 2013 to June 2014 and were based on data from Pollstar , the RIAA and Nielsen SoundScan , as well as interviews with managers , lawyers and executives .
Beyonce tops the list for second year in a row . Endorsement deals and a major tour helped . Taylor Swift came in second on Forbes ' list .