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Dr. Dre beats Beyonce on Forbes' top musicians list (Thanks, Beats!)

Dr. Dre beats Beyonce on Forbes' top musicians list (Thanks, Beats!)
Dr. Dre named Forbes' highest paid musician of 2014. (Angela Weiss / Getty Images for City Of Hope)

Dr. Dre can easily bank on being Forbes highest-paid musician of 2014.

The self-proclaimed "first billionaire of hip-hop," producer and mogul leads the magazine's annual earnings list with $620 million before taxes, which he primarily amassed not from his music but from his $3-billion Beats deal with Apple in June.

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In 2012, the rapper was also No. 1, but this year's haul dwarfs 2012's paltry $110 million. Not surprisingly, the Compton-bred rapper has plenty of dough to build a mammoth studio under his $40-million Brentwood mansion.

The financial magazine tallied earnings from June 2013 to June 2014 by mining data and talking to in-the-know managers, lawyers, executives and even some artists. Pre-tax income from touring, recorded music, publishing, merchandise sales, endorsements and other ventures rounded out the sums, the mag said.

Trailing much further behind him is Mrs. Carter: Beyonce Knowles. The Destiny's Child alum reportedly earned $115 million thanks to sales from her surprise album "Beyonce," the "Mrs. Carter Show" tour and deals with Pepsi and H&M.

The Grammy-nominated diva was the only woman to make the top 10 this year, and she clinched the top spot on the magazine's Celebrity 100 fame-meter. However, her husband, Jay Z, earned $60 million and tied for No. 12 with mogul Diddy and R&B impresario Bruno Mars.

Last year, the No. 1 spot went to Madonna, who reportedly earned $125 million. But the Material Girl didn't even reach the top 30 this year, though she still made double-digit millions.

Also, dropping significantly was Mother Monster Lady Gaga, who earned $33 million — that after securing No. 2 last year with $80 million.

Behind Dre and Bey were the Eagles, who earned $100 million, rocker Bon Jovi with $82 million and the Boss, Bruce Springsteen, with $81 million.

Justin Bieber raked in $80 million, and British boy band One Direction made off with $75 million. Rounding out this year's top 10 were former Beatle Paul McCartney ($71 million), EDM DJ Calvin Harris ($66 million) and country crooner Toby Keith ($65 million).

Alas, ultra-popular and newly minted pop star Taylor Swift shook off only $64 million, which dropped her to No. 11.

For the complete list, click here.

Cha-ching. Follow me on Twitter @NardineSaad.

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