Jay-Z and Beyonce, top Forbes Magazine's 'World's Highest Paid Celebrity Couples' list 2012, earning $78 million, (Photo by Larry Busacca/Getty Images)

Forbes magazine has named the hip-hop power couple at the top of their 2012 ‘Highest-Paid Celebrity Couples’ list.

The duo have earned a total of $78 million in the past year. Beyoncé took in $40 million with endorsements, album sales, and royalties, while Jay-Z took in $38 million with his Watch the Throne album sales and tour with Kanye West.  The “Crazy in Love” duo managed to accumulate so much and still took time off for the birth of their first child, daughter Blue Ivy.

Jay-Z and Beyoncé replaced last year’s highest earning couple, NFL quarterback Tom Brady and supermodel wife Gisele Bundchen, who amassed a total of $72 million this year.  Third on the Forbes list are soccer player David Beckham and wife fashion designer Victoria Beckham, who earned $54 million. Brad Pitt and Angelia Jolie are placed at fourth earning $45 million, and rounding out the list of five are Will and Jada Pinkett Smith with $40 million.

Follow Carrie Healey on Twitter @CarrieHeals.