U2 Named Highest Grossing Act

The Irish rock giants U2 secured the number one spot on Billboard’s 2010 Money Makers list after raking in a whopping $108 million in 2009.

Bruce Springsteen trailed far behind, coming in second with $57 million. Madonna, last year’s top grosser, could not defend her ’09 title and rounded out the top three with $47 million. Billboard compiles the list from profits earned through CD and digital sales and tour receipts. U2’s 360 Degrees tour was the most lucrative of 2009. –AHMED MORI