The group, who spent the last 12 months pursuing solo projects, topped the Forbes list after bringing in $110m (€105m) over 12 months.
They raked in the cash from the tail-end of their On The Road Again tour and endorsement deals with Pepsi and Colgate, Forbes said.
They comfortably defeated footballer Cristiano Ronaldo, who came second on the list with earnings of $88m and singing superstar Adele, who brought in $80.5m between June 2015 and June 2016.
Tennis proved to be a lucrative sport with Swiss star Roger Federer taking fourth place with $68m and Serbian champion Novak Djokovic coming in eighth with $56m.
British musicians dominated the list though, with the Rolling Stones’ relentless touring contributing to their $66.5m and DJ Calvin Harris raking in $63m. Beatles star Paul McCartney earned $56.5m while U2 made $55m. Chef Gordon Ramsay completed the top 10 with $54m.
Forbes calculated the ranking based on numbers from Nielsen, Pollstar, Box Office Mojo, Songkick and IMDB, as well as interviews with industry insiders.