On May 27 2015, Forbes magazine announced that Madonna topped the annual list of top-earning musicians and also claimed the No. 28 spot on their list of America’s richest self-made women.

Here’s what Forbes had to say:

The wealthiest musician on the list, Madonna has an estimated net worth of $520 million, with her main source being from music, clothing, and real estate  One of the top pop divas of all time. Her tours have grossed an estimated $1.2 billion over the years, including $305 million from her 2012 MDNA tour. That helped her earn an estimated $125 million during the ensuing 12-month period during which Forbes calculated celebrity earnings, more than any other musician. Look for another bump when she goes on the road with her latest album, Rebel Heart, in August.