Kylie closes in on Wiggles

Kylie Minogue. Photo / Supplied

Kylie Minogue is closing in on the Wiggles' dominance of Australia's entertainment rich list.

The singer earned A$40 ($48.7) million in the last year to clinch second spot on the annual Top 50 Entertainers list of Australian business magazine BRW.

Minogue's fortune is closer than anyone has got to the Wiggles in years.

The children's entertainers took the top position for the fourth year running after amassing A$45 million in 2007-08.

Rounding out the top five are rich-list veteran actors Russell Crowe and Hugh Jackman and children's entertainers Hi-5. Nicole Kidman was notably absent.