The Mother Monster's income would have been higher had a hip injury not forced her to abandon a global concert tour, Forbes said.
Veteran rocker Bon Jovi placed third at $79 million, followed by country star Toby Keith ($25 million) and British band Coldplay ($64 million).
Forbes based its list, posted on forbes.com, on pretax income from ticket sales, royalties, merchandising, endorsements and other ventures.
It doesn't take into account fees for agents, managers and lawyers.
Only living artists can make the list -- otherwise, Forbes said, Michael Jackson would have been number one with a posthumous income of $160 million.
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