With a $170m (£130m) fortune, the singer-songwriter is ahead of Adele, who's at number nine with $80.5m (£61.9m), Madonna is in 12th spot with $76.5m (£58.8m) and Rihanna at number 13 with $75m (£57.7m).
Taylor's 1989 World Tour earned more than $200m (£154m) last year.
The star's ex-boyfriend Calvin Harris is in 21st spot with $63m (£48.4m).
Other top 10 earners include boy band One Direction at number two with $110m (£84.6m), actor-comedian Kevin Hart at number six with $87.5m (£67.3m) and US radio DJ Howard Stern at number seven with $85m (£65.4m).Kim Kardashian is featured on the magazine's cover.he's number 42 on the list with $51m (£39.2m).Forbes says 40% of her pay this year came from her mobile game Kim Kardashian: Hollywood.The game's maker, Glu Mobile, is scheduled to release an app starring Taylor Swift next year.Katy Perry is at number 63 with $41m (£31.5m).
"The world's 100 highest-paid celebrities pulled in $5.1bn (£3.9bn) pre-tax over the past 12 months, more than the GDP of Belize, Gambia and Bhutan combined," Forbes said.Magazine editor Zack O'Malley Greenberg said live entertainment continues to be a major cash draw."From soccer games in Spain to concerts in China, fans are willing to shell out to see big names - and this is driving the celebrity economy to ever greater heights," he said in a statement.On the Hollywood front, Jennifer Lawrence was the industry's highest-paid actress for the second consecutive year, earning $46m (£35.1m), a slight drop from the $52m (£39.7m) The Hunger Games star banked the year before.
Actor Dwayne Johnson wrestled the highest-paid actor spot from Iron Man's Robert Downey Jr, earning $64.5m (£49.3m), largely thanks to the billion-dollar Fast and Furious franchise and the surprising success of 2015's San Andreas movie.Many athletes also made the list, including Portuguese footballer Cristiano Ronaldo ($88m - £67.2m), tennis player Roger Federer ($68m - £51.9m), and British F1 driver Lewis Hamilton ($46m - £34.9m).There are other Brits at 18 (Rolling Stones), 25 (Paul McCartney), 34 (Gordon Ramsay), 44 (Muse), 60 (Rory McIlroy), 61 (Elton John), 67 (Mumford & Sons), 77 (Gareth Bale) and 82 (Ed Sheeran).
Top 10 highest-paid celebrities
1. Taylor Swift - $170m (£130m)
2. One Direction - $110m (£84.6m)
3. James Patterson (Author) - $95m (£72.3m)
4. Dr Phil McGraw (US TV personality) and Cristiano Ronaldo - $88m (£67m)
6. Kevin Hart - $87.5m (£66.6m)
7. Howard Stern - $85m (£65.4m)
8. Lionel Messi - $81.5m (£62.1m)
9. Adele - $80.5m (£61.9m)
10. Rush Limbaugh (US entertainer) - $79m (£60.1m)