Coldplay, Michael Jackson also fare well

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U2 have been named the biggest earning act in the US last year, ahead of the likes of Bruce Springsteen and Madonna.

The band are reported to have made $109 million (£71 million) in total from record sales, touring and royalties according to Billboard‘s Top 40 Money Makers list.

Following the Irish band are Bruce Springsteen ($57.6 million), Madonna ($47.2 million), AC/DC ($43.6 million) and Britney Spears ($38.8 million).

Coldplay were the biggest earning UK band with $27.3 million, while the late Michael Jackson grossed $17.3 million.

Billboard says its formula for working out the list is “top secret”, though it is be based around money earned from all aspects of selling music, including publishing and touring.

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