The billionaire rapper, 42,  who made $170 million in 2020 ranks at number two, behind sister-in-law Kylie Jenner, whose billionaire status was invoked after she was accused faking her way to her billionaire status over claims inflated her personal wealth and forged her tax returns

According to the magazine, West is now officially worth $1.3 billion. But months ago Kanye slammed Forbes because he was left unhappy with their research and findings – stating that he believes his net worth to be around $3.3 billion and not the $1.26 billion they estimated at that time.

The next artist on the list is Elton John (No. 14 with $81 million in yearly earnings), followed closely by Ariana Grande at No. 17 ($72 million) and the Jonas Brothers at No. 20 ($68.5 million).

The American electronic DJ and production duo, The Chainsmokers, took the fifth spot earning $68 million. Others who made the top 10 highest-paid musicians are Ed Sheeran $64 million, Taylor Swift $63.5 million, Post Malone $60 million, Rolling Stones $59 million and Marshmello $56 million.

Taylor Swift takes the top spot on Forbes‘ list after earning a whopping $185 million pretax over the past year, which puts her ahead of runner-up Beyoncé and Rihanna.

According to People, most of Swift’s earnings came from her Reputation stadium tour. Running from May to November 2018 worldwide, the tour grossed a U.S.-record $266 million, and was easily her most successful tour to date.

See all of this year’s highest-paid women in music below:

1. Taylor Swift – $185 million

2. Beyoncé – $81 million

3. Rihanna – $62 million

4. Katy Perry – $57.5 million

5. P!nk – $57 million

6. Ariana Grande – $48 million

7. Jennifer Lopez – $43 million

8. Lady Gaga – $39.5 million

9. Celine Dion – $37.5 million

10. Shakira – $35 million

Ariana Grande and Taylor Swift lead the list with 10 nominations each, followed by Billie Eilish with 9 and Lil Nas X with 8.

Here is the full list of nominees;

Video of the Year

21 Savage: “a lot” [ft. J. Cole]

Billie Eilish : “ bad guy”

Ariana Grande: thank u, next”

Jonas Brothers: “ Sucker”

Lil Nas X: “ Old Town Road (Remix) ” [ft. Billy Ray Cyrus ]

Taylor Swift: “ You Need to Calm Down”

Artist of the Year

Cardi B

Billie Eilish

Ariana Grande

Halsey

Jonas Brothers

Shawn Mendes

Song of the Year

Drake : “ In My Feelings”

Ariana Grande: “thank u, next”

Jonas Brothers : “ Sucker”

Lady Gaga / Bradley Cooper: “Shallow”

Lil Nas X: “ Old Town Road (Remix)” [ft. Billy Ray Cyrus ]

Taylor Swift: “ You Need to Calm Down”

Best New Artist presented by Taco Bell

Ava Max

Billie Eilish

H.E.R.

Lil Nas X

Lizzo

ROSALÍA

Best Collaboration

Lil Nas X: “ Old Town Road (Remix) ” [ft. Billy Ray Cyrus ]

Lady Gaga / Bradley Cooper: “Shallow”

Shawn Mendes / Camila Cabello: “ Señorita”

Taylor Swift: “ ME! ” [ft. ft. Brendon Urie]

Ed Sheeran / Justin Bieber : “ I Don’t Care”

BTS : “ Boy With Luv” [ft. Halsey]

Push Artist of the Year

Bazzi

CNCO

Billie Eilish

H.E.R.

Lauv

Lizzo

Best Pop

5 Seconds of Summer: “Easier”

Cardi B / Bruno Mars: “Please Me”

Billie Eilish : “ bad guy”

Khalid : “Talk”

Ariana Grande: “thank u, next”

Jonas Brothers: “ Sucker”

Taylor Swift: “ You Need to Calm Down ”

Best Hip-Hop

2 Chainz : “ Rule the World”[ft. Ariana Grande]

21 Savage: “ a lot” [ft. J. Cole ]

Cardi B: “ Money”

DJ Khaled: “ Higher ” [ft. Nipsey Hussle and John Legend]

Lil Nas X: “ Old Town Road (Remix) ” [ft. Billy Ray Cyrus ]

Travis Scott: “ SICKO MODE ” [ft. Drake ]

Best R&B

Anderson .Paak: “ Make It Better ” [ft. Smokey Robinson ]

Childish Gambino : “ Feels Like Summer”

H.E.R .: “ Could’ve Been” [ft. Bryson Tiller ]

Alicia Keys : “ Raise a Man ”

Ella Mai: “ Trip”

Normani : “ Waves” [ft. 6LACK ]

Best K-Pop

BTS : “ Boy With Luv” [ft. Halsey]

BLACKPINK : “ Kill This Love ”

Monsta X : “ Who Do You Love ” [ft. French Montana ]

TOMORROW X TOGETHER: “ Cat & Dog”

NCT 127: “ Regular”

EXO : “ Tempo ”

Best Latin

Anuel AA / Karol G : “Secreto ”

Bad Bunny : “ MIA” [ft. Drake ]

benny blanco / Tainy / Selena Gomez / J Balvin : “ I Can’t Get Enough”

Daddy Yankee : “ Con Calma” [ft. Snow]

Maluma : “ Mala Mía”

ROSALÍA / J Balvin: “ Con Altura ” [ft. El Guincho]

Best Dance

The Chainsmokers: “ Call You Mine ” [ft. Bebe Rexha ]

Clean Bandit: “Solo” [ft. Demi Lovato ]

DJ Snake: “ Taki Taki” [ft. Selena Gomez, Ozuna and Cardi B ]

David Guetta / Bebe Rexha / J Balvin : “ Say My Name”

Marshmello / Bastille : “ Happier”

Silk City / Dua Lipa: “ Electricity”

Best Rock

The 1975: “ Love It If We Made It”

Fall Out Boy : “ Bishops Knife Trick ”

Imagine Dragons: “ Natural”

Lenny Kravitz: “ Low”

Panic! At the Disco: “ High Hopes ”

twenty one pilots: “ My Blood”

Video for Good

Halsey: “ Nightmare”

The Killers: “ Land of the Free”

Jamie N Commons / Skylar Grey : “ Runaway Train” [ft.

Gallant ]

John Legend: “ Preach”

Lil Dicky: “ Earth ”

Taylor Swift: “ You Need to Calm Down ”

Best Direction

Billie Eilish: “ bad Guy” (dir. Dave Meyers)

FKA twigs: “ Cellophane” (dir. Andrew Thomas Huang)

Ariana Grande: “ thank u, next” (dir. Hannah Lux Davis )

Lil Nas X: “ Old Town Road (Remix)” [ft. Billy Ray Cyrus] (dir.

Calmatic)

LSD: “ No New Friends ” (dir. Dano Cerny)

Taylor Swift: “ You Need to Calm Down” (dir. Drew Kirsch and Taylor Swift)

Best Visual Effects

Billie Eilish: “when the party’s over” (visual effects: Ryan Ross, Andres Jaramillo )

FKA twigs: “ Cellophane” (visual effects: Matt Chandler, Fabio Zaveti for Analog)

Ariana Grande: “ God is a woman” (visual effects: F abrice Lagayette, Kristina Prilukova & Rebecca Rice for

Mathematic )

DJ Khaled: “Just Us ” [ft. SZA ] (visual effects: Sergii Mashevskyi)

LSD: “ No New Friends ” (visual effects: Ethan Chancer)

Taylor Swift: “ ME!” [ft. Brendon Urie] (visual effects: Loris Paillier & Lucas Salton for BUF VFX)

Best Editing

Anderson .Paak : “ Tints” [ft. Kendrick Lamar ] (editing: Elias Talbot )

Lil Nas X ft. Billy Ray Cyrus – “ Old Town Road (Remix)” (editing: Calmatic)

Billie Eilish: “ bad guy” (editing: Billie Eilish )

Ariana Grande: “ 7 rings” (editing: Hannah Lux Davis &

Taylor Walsh)

Solange : “ Almeda ” (editing: Solange Knowles, Vinnie Hobbs, Jonathon Proctor )

Taylor Swift: “Y ou Need to Calm Down” (editing: Jarrett Fijal)

Best Art Direction

BTS: “ Boy With Luv ” [ft. Halsey] (art direction: JinSil Park, BoNa Kim (MU:E ))

Ariana Grande: “ 7 rings” (art direction: John Richoux )

Lil Nas X: “ Old Town Road (Remix )” [ft. Billy Ray Cyrus] (art direction: Itaru Dela Vegas )

Shawn Mendes / Camila Cabello: “Señorita ” (art direction:

Tatiana Van Sauter)

Taylor Swift: “ You Need to Calm Down” (art direction: Brittany Porter)

Kanye West / Lil Pump: “ I Love It” [ft. Adele Givens] (art direction: Tino Schaedler )

Best Choreography

FKA twigs: “ Cellophane” (choreography: Kelly Yvonne)

ROSALÍA / J Balvin: “ Con Altura” [ft. El Guincho] (choreography: Charm La’Donna )

LSD: “ No New Friends ” (choreography: Ryan Heffington)

Shawn Mendes / Camila Cabello: “ Señorita ” (choreography:

Calvit Hodge, Sara Biv)

Solange: “ Almeda ” (choreography: Maya Taylor, Solange Knowles)

BTS: “ Boy With Luv” [ft. Halsey] (choreography: Rie Hata)

Best Cinematography

Anderson .Paak: “ Tints” [ft. Kendrick Lamar] (cinematography: Elias Talbot )

Billie Eilish: “hostage ” (cinematography: Pau Castejon)

Ariana Grande: “ thank u, next” (cinematography:

Christopher Probst )

Shawn Mendes / Camila Cabello: “ Señorita ” (cinematography: Scott Cunningham)

Solange: “ Almeda ” (cinematography: Chayse Irvin, Ryan Marie Helfant, Justin Hamilton)

Taylor Swift: “ ME !” [ft. Brendon Urie] (cinematography: Starr Whitesides)