The 'Lemonade' hit-maker is the only person on the list to hit the nine figures milestone.
The report attributed her success in 2017 to the release of her sixth studio album, 'Lemonade,' as well as her 'Formation World Tour' which grossed a quarter billion dollars.
Adele, whose '25' album broke first-week of the US sales records in 2015 and who completed her first major tour since 2011, occupied the second place with an estimated USD 69 million, despite having no major endorsements for other products.
Swift, who topped the last year's list with USD 170 million in estimated earnings, raked in USD 44 million this time despite having finished her 1989 world tour.
The sums and rankings come from pretax income during June 1, 2016 through June 1, 2017, and do not take out fees charged by agents, managers, lawyers, and anyone else on the divas' payrolls.
According to Forbes, the top 10 highest-paid women in music are as follows:
1) Beyonce - USD 105 million
2) Adele - USD 69 million
3) Taylor Swift - USD 44 million
4) Celine Dion - USD 42 million
5) Jennifer Lopez - USD38 million
6) Dolly Parton - USD 37 million
7) Rihanna - USD 36 million
8) Britney Spears - USD 34 million
9) Katy Perry - USD 33 million
10)Barbra Streisand - USD 30 million (ANI)