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One Direction ranked at No. 13 on Billboard's 2014 Rich List

One Direction, pictured from left to right: Zayn Malik, Harry Styles, Liam Payne, Louis Tomlinson and Niall Horan
One Direction, pictured from left to right: Zayn Malik, Harry Styles, Liam Payne, Louis Tomlinson and Niall HoranGetty Images

One Direction is No. 13 on Billboard magazine's 2014 Rich List, which ranks the highest-paid musicians of the past year. According to Billboard (which published the rankings on its website on March 10, 2014), One Direction made $18,041,472.69 in 2013. Most of the money came from One Direction's "Take Me Home" world tour.

According to Billboard, "Thanks to the 3-D concert doc "One Direction: This Is Us" and a chart-topping third studio album, 'Midnight Memories,' British boy band One Direction raked in revenue from multiple streams. But, not surprisingly, it’s the group’s touring record that makes up the bulk of its earnings, totaling some $12 million. The group’s music sales were nothing to scoff at either, however. Only the second boy band to reach at No. 1 on the Billboard 200 with its first three albums (following The Monkees in 1967), its 1.3 million CD albums sold in 2013 brought in an additional $2.4 million, with another $1.5 million attributed to streaming royalties — chief among them radio hit 'Story of My Life.'”

One Direction came in third place on "The X Factor" U.K. in 2010, and has since become the world's biggest-selling act to emerge from "The X Factor."

Taylor Swift is ranked at No. 1 on the list. She earned $39,699,575.60 in 2013, according to Billboard. Kenny Chesney is No. 2 (with $32,956,240.70 in earnings in 2013); Justin Timberlake is No. 3 (with $31,463,297.03 in earnings in 2013); Bon Jovi is No. 4 (with $29,436,801.04 in earnings in 2013); and the Rolling Stones are No. 5 (with $26,225,121.71 in earnings in 2013).

This is how Billboard explained how the artists were ranked: "The data used to compile Money Makers was supplied by Nielsen SoundScan, Nielsen BDS and Billboard Boxscore. Artists are ranked by U.S. earnings, calculated from touring, recorded- music sales, publishing royalties and revenue from digital music and video streaming. Due to a lack of data, revenue from sponsor- ship, merchandising and synchronization isn’t included. For album and track sales, Billboard assumed a royalty rate of 20 percent of retail, minus producers’ fees. Billboard treated all streaming revenue as derived from licensing deals and split that to calculate the artist’s take.

"Billboard applied statutory mechanical rates for album and track sales and Copyright Royalty Board-determined rates or -approved formulas for streaming. For labels’ direct deals with interactive services, Billboard used a blended rate of $0.00525 for audio and $0.005 for video streams. Billboard subtracted a manager’s fee of 10 percent. For box office, each artist was credited with 34 percent of the gross, typically what’s left after the promoter and manager’s cuts and other costs are subtracted."

As previously reported, Forbes magazine put the One Direction's 2013 pre-tax earnings at $42 million and ranked One Direction at No. 19 on Forbes magazine's 2013 list of the highest-paid musicians. (One Direction and Jay-Z were tied at No. 19/$42 million on that list) Forbes announced the list on Nov. 19, 2013.

This is how Forbes described how the musicians were ranked: "In order to form our list, we looked at income from June 1st, 2012 through June 1st, 2013, using data sources including Pollstar, the RIAA, Nielsen SoundScan, managers, lawyers and many of the artists themselves. We took into account concert ticket sales, royalties for recorded music and publishing, merchandise sales, endorsement deals and other business ventures. Our estimates reflect pretax income before deducting fees for agents, managers and lawyers; only living artists are eligible for the list."

In addition, One Direction was named IFPI's No. 1 global recording artist of 2013, based on global music sales.

Billboard ranked One Direction as the No. 8 artist of 2013, based on music sales and Billboard chart positions.

Here are the those who are ranked on Billboard's 2014 Rich List of the highest-paid musicians:

1. Taylor Swift — $39,699,575.60

2. Kenny Chesney — $32,956,240.70

3. Justin Timberlake — $31,463,297.03

4. Bon Jovi — $29,436,801.04

5. Rolling Stones — $26,225,121.71

6. Beyoncé — $24,429,176.86

7. Maroon 5 — $22,284,754.07

8. Luke Bryan — $22,142,235.98

9. Pink — $20,072,072.32

10. Fleetwood Mac — $19,123,101.98

11. Justin Bieber — $18,873,458.41

12. Bruno Mars — $18,839,681

13. One Direction — $18,041,472.69

14. Jason Aldean — $17,896,191.98

15. George Strait — $16,002,761.63

16. Jay-Z — $15,652,428.82

17. Michael Bublé — $14,478,084

18. Mumford & Sons — $14,172,940.87

19. Dave Matthews Band — $13,932,731.14

20. Rihanna — $13,794,186.16

21. Paul McCartney — $13,769,479.16

22. The Eagles — $13,026,210.18

23. Celine Dion — $12,755,539.71

24. Trans-Siberian Orchestra — $12,473,798.20

25. Phish — $12,406,611.95

26. Kanye West — $11,574,833.92

27. Blake Shelton — $10,349,774.77

28. John Mayer — $10,010,017.17

29. New Kids of the Block — $9,938,526.59

30. Zac Brown Band — $9,888,213.32

31. Imagine Dragons — $9,448,031.68

32. Jimmy Buffett — $9,404,015.71

33. Elton John — $9,369,224.53

34. Rascal Flatts — $9,215,475.78

35. Rush — $9,050,583.42

36. Miranda Lambert — $8,831,605.89

37. Lil Wayne — $8,788,416.66

38. Tim McGraw — $8,761,716.61

39. Eminem — $8,524,782.99

40. Carrie Underwood — $8,051,483.55