Heard on All American Morning with Eric Scott

3/12/2012 (TheBoot.com) — Taylor Swift is No. 1 again: The singer is the top act on Billboard’s “Money Makers” list.

Swift earned more than $35 million in 2011, according to the Billboard list released Friday. U2 was second with $32 million. Kenny Chesney, Lady Gaga and Lil Wayne rounded out the top 5.

Artists’ rankings were based on U.S. income sources from tours, albums sales and publishing royalties. Billboard said in a press release that it didn’t factor in “sponsorships, merchandise sales or synchronization deals.”

-Eric Scott