Forbes has released its annual tally of The World’s 100 Most Powerful Women and both Beyonce and Lady GaGa have managed to crack the top 10. Beyonce, who is credited with sales exceeding 118 million records (obviously including those achieved with Destiny’s Child), 16 Grammy Awards and several high profile endorsement deals, landed at #9 on the prestigious list. However, the R&B singer was out-paced by GaGa who was positioned two spots higher at #7.

The 24 year old GaGa is heralded as the new Queen of Pop for the massive success of her ‘Monsters Ball’ tour which is expected generated a minimum $200 million in revenue by its April 2011 completion. Despite Beyonce’s larger personal earnings in the last year ($87 million to be exact), GaGa is celebrated by Forbes who suggest that she “single-handedly reinvigorated pop music and pop culture”.

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