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U2 Blows Away The Competition at The Bank

BONO and U2 blew away the competition at the bank, earning GBP 42 million, became the biggest-earning music act of 2001.

The Irish quartet led the pack of Rolling Stones magazine's 50 biggest moneymakers of last year. There are several ageing rock acts in the Top 10 - the Beatles came in at three with GBP 32.6 million, Santana at seven with GBP 22.2 million, and Aerosmith at nine with GBP 16.5 million.

Madonna, in the charts for 20 years, did nicely, taking the number five position with GBP 27.7 million.
Hip-hop also made a strong impression, with rap star Dr Dre in the number two spot with GBP 35.3 million, and Master P at number six with GBP 24.5 million.

Rolling Stone compiled the list by adding up money made from touring, records and publishing rights.
The magazine spoke to industry insiders, managers, agents, lawyers and publicists to estimate the final figures - what is left after expenses, fees and record label deductions.

Most of U2's income came from its Elevation tour of North America and Europe. Part of Dr Dre's windfall came from selling 30 percent of his record label.

The Beatles had a huge success with greatest-hits album one, which topped charts around the world. On the other hand, the Dave Matthews Band had to work for its number four slot - it netted GBP 29.5 million, most coming from touring.

Boy band *NSYNC, at number eight with GBP 18 million, easily beat the Backstreet Boys, who came in at number 26 with GBP 12.4 million.

Birmingham-born rocker Ozzy Osbourne barely made the list - he came in at number 48 with GBP 5.8 million - but that should change next year with the runaway success of MTV show, "The Osbournes."

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