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Adele brought in $80.5m in 2016 making her the highest-paid Grammy nominee with Beyonce and Justin Bieber trailing behind

Published: 19:31 EST, 7 February 2017 | Updated: 21:21 EST, 7 February 2017

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Adele beat out Rihanna and Justin Bieber for the number one spot on Forbes magazine's Top Paid Grammy nominees 2017.

The Hello hitmaker has been named the highest-paid performer, according to the list released by Forbes.

The 28-year-old singer, who is nominated for five awards, including Album Of The Year, brought in $80.5 million due to the massive success of her album 25.

She's number one! Adele beat out Rihanna and Justin Bieber for the number one spot on Forbes magazine's Top Paid Grammy nominees of 2017

Riches! The 28-year-old singer, who is nominated for five awards, including Album of the Year, brought in $80.5 million due to the massive success of her album 25

She also went on a massive sold-out tour throughout the year, which Forbes estimates earned her $3.8 million per city.

Rihanna finished behind Adele, accumulating a $75 million fortune, which included streams and sales of her album Anti, along with her endorsement deals with companies like Puma, Samsung and Dior.

The Diamonds singer was nominated for eight Grammy awards, alongside Drake who also received eight nods, including the pair's hit single Work which has been nominated for Record of the Year.

Big earner: Rihanna came in second behind Adele, accumulating a $75 million fortune for the year

Beyonce ranked seventh in the list, earning $54 million.

Despite the lower yearly total, she's nominated for the most awards - a total of nine - including Album of the Year.

Forbes uses pretaxed earning from June 2015 to June 2016 and subsequently deducts fees from lawyers, agents, and managers to determine the list.

Critically acclaimed! Beyonce ranked seventh in the list, earning $54 million, but has been nominated for the most Grammy awards

Tied for fourth: Justin Bieber and Kenny Chesney each made $56 million

Country star Kenny Chesney and Justin Bieber tied for fourth, making $56 million, although Justin is nominated for more awards overall - a total of four - including Album of the Year for his album Purpose and Song of the Year for Love Yourself.

Sir Paul McCartney continues to earn big, coming in third place with $56.5 million.

Forbes Top Paid Grammy Nominees 2017: Full list

1. Adele $80.5 million / five nominations

2. Rihanna $75 million / eight nominations

3. Sir Paul McCartney $56.5 million / two nominations

4. Kenny Chesney $56 million / one nomination

4. Justin Bieber $56 million / four nominations

6. The Weeknd $55 million / one nomination

7. Beyonce $54 million / nine nominations

8. Jay Z $53.5 million / one Grammy nomination

9. Dr. Dre $41 million / eight nominations

10. Drake $38.5 million / eight nominations

Adele is one of the favorites to win the top three awards with her ballad Hello and her album 25.

The singer previously swept all three top categories in 2012 with her 19 album.

If Adele wins the coveted best album Grammy, she will become only the second woman to receive the prize twice, after Taylor Swift.

Record sales have Adele firmly in the lead with 25 becoming the world's best-selling album of 2015 and has sold 20 million copies as of June 2016.

The Grammy Awards are the top U.S. music honors and each year, members of the music industry choose nominees and winners across more than 80 categories.

Late British singer David Bowie, who died in January two days after the release of his final album Blackstar, received four nominations including best alternative album but missed out on the top best album nod.

Prince, who died in April, also landed one Grammy nomination for his final record, Hit n Run Phase Two, in the best engineered non-classical album category alongside Bowie's Blackstar.

The 2017 Grammy Awards will take place on February 12 in a ceremony hosted by James Corden at Los Angeles' Staples Center.