It’s a good year to be Britney Spears!

The pop star won’t have any problems buying Christmas presents for all her friends and family because according to Forbes magazine, she is the top-earning female musician of 2012.

Brit Brit brought home a whopping $58 million thanks to her Femme Fatale album, tour, fragrances and endorsement deals. We’re guessing that $18 million X Factor gig didn’t hurt either!

Taylor Swift follows closely behind with $57 million. Most of her earnings come from touring. Forbes estimates she grossed $1 million per night. GRAMMY nominee Swift also has major deals with Cover Girl and Sony. Expect her to add upon this with sales from her latest album Red, which was the highest debut of any artist thus far in 2012.

Rihanna came in third place with a respectable $53 million. Forbes says RiRi’s fortune comes from her non-stop touring, string of massive hit songs, Reb’l Fleur perfume, and endorsements with Vita Coco and Nivea.

-Sarah Carroll, 97.1 AMP Radio/Los Angeles

More Britney News On Fresh1027.com

Read More On Fresh1027.com:

• Record Turnout for God’s Love We Deliver’s Midsummer Night Drinks
• A Great Big World Adds Flair To Pop Music
• Gavin DeGraw Channels Mumford & Sons On New Song ‘Best I Ever Had’
• Beyonce’s New Album Isn’t Coming As Soon As We Think, Ne-Yo Claims
• Sara Bareilles Shows Support For Same-Sex Marriage: ‘We’re Behind The Times & We’ve Got To Catch Up’
• Miley Cyrus Lets Her Freak Flag Fly For ‘We Can’t Stop’ Video