Bad Romance singer Lady Gaga is the leading lady in this year's 'Most Powerful Musicians' list compiled by Forbes.

The 27-year-old singer came first in the annual ranking, which is determined by earnings, social media influence and press mentions.

The Poker Face star, who also ranked second on Forbes' Most Powerful Celebrities list, grossed a whopping $168million on her Born This Way tour.

Crazy in Love singer Beyonce ranked second on the list, with her current Mrs. Carter World Tour grossing $2million per concert date, while Hung Up star Madonna came in at number three with her MDNA Tour taking in over $305 million.

Forbes Magazine's World's Most Powerful Musicians Top 10 is as follows:

1 Lady Gaga

2 Beyonce

3 Madonna

4 Taylor Swift

5 Bon Jovi

6 Justin Bieber

7 Jennifer Lopez

8 Rihanna

9 Coldplay

10 Katy Perry