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U2 tops Forbes list of top-paid musicians

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Singer Bono of U2 performs during a concert (Photo by Evan Agostini/Invision/AP)

Irish rock band U2 has topped the 2018 Forbes magazine list of the highest-paid musicians thanks in part to the group's successful Joshua Tree world tour celebrating their classic 1987 album.

That tour helped the band collect $US118 million ($A160 million) in pre-tax earnings from June 1, 2017 to June 1, 2018, the magazine said.

The performances featured well-known hits from "The Joshua Tree" album including "Where the Streets Have No Name," "With or Without You" and "I Still Haven't Found What I'm Looking For."

The band's earnings also included revenue from a new tour, Experience + Innocence.

British band Coldplay finished second on the Forbes list with $US115.5 million, mostly from its A Head Full Of Dreams tour.

Billions of streams helped 27-year-old British singer Ed Sheeran finish third with $US110 million. He was followed by Bruno Mars with $US100 million and Katy Perry with $US83 million.

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