New mom Beyonce has been given another reason to smile after welcoming twins last month (Jun17) - she has topped Billboard's new Top 50 Money Makers of 2016 list.

The R&B superstar slayed the competition by hauling in $62.1 million during the time frame of the new countdown - $20 million more than the members of Guns N' Roses, who come in at two with $42 million .

Beyonce made the bulk of her annual wealth from her Formation World Tour, in support of her hit Lemonade album.

Bruce Springsteen takes third place after failing to feature on last year's list, while rapper Drake is up 28 spots to number four, and Adele rounds out the new top five.

The Hello singer netted the fourth-highest grossing tour of last year (16) and sold more albums in America than anyone but Prince to rise four spots.

The rest of the top 10 features Coldplay at six, Justin Bieber at seven, Luke Bryan, Kanye West, and Kenny Chesney, who falls eight places from last year's number two to 10.