U2
U2Twitter

U2, Garth Brooks and Metallica have the topped Billboard's annual 50 Money Makers list for 2018. The rankings are based on the musician's U.S. concert grosses and royalties generated from domestic sales, streaming and publishing in 2017.

According to a study, this year, the artists pay grew by 12.9 percent to $961 million when compared to $851 million last year. Interestingly, no Latin artists made it to the final list as Billboard takes account of the US performances only.

Describing the methodology used to compile the 50 highest paid musicians, Billboard stated, "Money Makers was compiled with Nielsen Music and Billboard Boxscore information, using 2017 U.S. data only.  All revenue figures cited are Billboard estimates and may not equal the sum of the subcategories due to rounding."

Here is the list of top 10 musicians 2017:

U2

Genre: Irish rock

Members: Bono, the Edge, Adam Clayton, and Larry Mullen Jr.

Take Home Pay: $54.4 million

Last Year Ranking: None

 

garth brooks
Singer Garth BrooksFacebook/Grath Brooks

Garth Brooks

Genre: Country Rock

Take Home Pay: $52.2 million

Last Year ranking: 18

Metallica
MetallicaReuters

Metallica

Genre: Heavy metal

Take Home Pay: $43.2 million

Last Year ranking: 15

Bruno Mars
BET

Bruno Mars

Genre: R&B, Hip-hop

Take Home Pay: $40.7 million

Last Year ranking: None

Ed Sheeran
Ed Sheeran headlines on the Pyramid Stage during day 4 of the Glastonbury Festival 2017 at Worthy Farm, Pilton on June 25, 2017 in Glastonbury, England.Ian Gavan/Getty Images

Ed Sheeran

Genre: Folk-pop

Take Home Pay: $31.3 million

Last Year ranking: None

lady gaga
Lady Gaga performs at the Coachella Stage in California in 2017Christopher Polk/Getty

Lady Gaga

Genre: Pop

Take Home Pay: $29.7 million

Last Year ranking: None

Billy Joel
Billy Joel performs during the "12-12-12" benefit concert for victims of Superstorm Sandy at Madison Square Garden in New YorkReuters

Billy Joel

Genre: Rock

Take Home Pay: $29.2 million

Last Year ranking: 11

Guns N' Roses

Guns N' Roses

Genre: Heavy metal

Take Home Pay: $27.8 million

Last Year ranking: 2

pink floyd, roger waters
Sayantani Ghosh

Roger Waters

Genre: Progressive rock

Take Home Pay: $27.2 million

Last Year ranking: None

Coldplay
Reuters

Coldplay

Genre: Pop rock

Take Home Pay: $26.5 million

Last Year ranking: 6

Interestingly, U2 also became the highest ranked debutants on the list. The band's Joshua Tree Tour played 28 U.S. dates and debuted at No. 1 on the Billboard 200 last December.