People Staff
January 30, 2008 AT 01:00 PM EST

Shakira came in fourth place on the list of the highest-grossing female artists of 2007, according to finance magazine Forbes. On the list of 20 women, the majority of whom are from the United States, the Colombian singer nabbed the number four spot after earning $38 million in 2007, a figure that beat out artists like Beyoncé, Christina Aguilera and Gwen Stefani.

Topping the list is Madonna, who at age 49 made $72 million between June 2006 and June 2007. A large portion of her earnings came from her concert series The Confessions Tour. Barbra Streisand, 65, came in second place with $60 million. The magazine notes that Streisand’s was the most expensive concert of last year at $300 a pop.

In third place, 39-year-old Celine Dion added $45 million to her bank account last year. Beyoncé came in fifth with $27 million; in sixth, Stefani with $26 million. The list goes on with Aguilera ($20 million), Faith Hill ($19 million), The Dixie Chicks ($18 million) and Mariah Carey ($13 million).

Britney Spears also made the list, but not in the top ten as most people would have expected; the troubled pop star made just $8 million in 2007. Fergie, Jennifer López and Sheryl Crow each made $6 million.

The publication calculated that together, the 20 list-toppers made $420 million dollars from concerts and album sales last year. As for Shakira, they took into account her 98 concerts and her earnings from the song “La despedida,” which was featured in the film Love in the Time of Cholera.

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