Toby Keith tops the list of Forbes magazine’s top-earning country music stars.

With an estimated gross income of $48 million in 2007, the magazine notes that Keith’s earnings are maximized with a major endorsement deal with Ford trucks, involvement in his I Love This Bar & Grill chain of restaurants and ownership of his record label, Show Dog Nashville.

The top top-earning country stars and their estimated incomes in 2007:

1. Toby Keith $48 million                 6. Brad Paisley $16 million

2. Rascal Flatts $40 million             7. (Tie) Faith Hill $12 million

3. Tim McGraw $23 million              7. (Tie) Keith Urban $12 million

4. Kenny Chesney $22 million         9. George Strait $11 million

5. Brooks & Dunn $20 million        10. Alan Jackson $10 million