Bruce Springsteen MusiCares Tribute Draws Elton John, Mumford & Sons

2. Bruce Springsteen & the E Street Band
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The Boss brought in $199,371,791 on his 72-date trek across the globe this year.

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Other announced performers for the Feb. 8 event include Kenny Chesney, Sting, Eddie Vedder and Neil Young.

Bruce Springsteen will be honored as MusiCares Person of the Year during Grammy week with a tribute event featuring performances by some of the biggest names in music, including Elton John, Mumford & Sons and Kenny Chesney.

The annual event -- now in its 23rd year -- celebrates a star's artistic accomplishments as well as their philanthropic work. Previous honorees include Bono, Tony Bennett, Aretha Franklin and last year's man of the hour, Paul McCartney.

The sold-out tribute event will take place Feb. 8 in Los Angeles -- two days before the Grammy Awards air on CBS -- and will be hosted by Jon Stewart.

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Other announced performers include Alabama Shakes, Jackson Browne, Ben Harper, Emmylou Harris, Faith Hill, Jim James, Juanes, John Legend, Natalie Maines, Tim McGraw, Tom Morello, Patti Smith, Mavis Staples, Sting, Eddie Vedder and Neil Young.

Attendees will also include Neil Portnow, President/CEO of MusiCares and The Recording Academy; Scott Pascucci, MusiCares Foundation Board Chair; and Paul Caine, MusiCares Board Chair Emeritus. The night's musical director is Rob Mathes.

Proceeds go to MusiCares, which provides support to struggling musicians who are in financial, medical and personal need.