£14m Waters hits top three spot (From This Is Local London)

£14m Waters hits top three spot

6:10pm Monday 25th February 2013 in National Entertainment News © Press Association 2013

Former Pink Floyd star Roger Waters is among the three highest paid music stars in the world in the past year, behind Madonna and Bruce Springsteen.

The 69-year-old musician has raked in around £14 million on the back of his The Wall live shows around the world, in which he has staged Floyd's 1979 album.

Roger began touring the album in 2010 and has moved on from arena venues to play stadium concerts around the world, with more than 70 shows in 2012. He resumes the tour this summer with at least 25 dates in Europe.

Madonna is the top earner of the year, taking almost £23 million mainly on the back of her MDNA Tour, while Springsteen drew £22 million.

Coldplay were ranked ninth in the magazine's annual calculation with takings of more than £11 million.

Concerts accounted for roughly 70% of the totals for the top 40 artists

Oscar-winning star Adele is reckoned to have generated earnings of around £9 million through her colossal album sales.