Irish rock legends U2 broke the record for the highest grossing world tour in history this past weekend previously held by the Rolling Stones.

Following their performance at Sao Paulo's Morumbi Stadium over the weekend, the Irish bands global tour earned them more than $554 million since it launch in 2009.

This figure makes them one of the most successful live acts ever.

In the statement, U2 manager Paul McGuinness said, "That dollar figure for the gross looks enormous. Of course I can't tell you what the net is, but I can tell you that the band spend enormous sums on production for their audience."

By the time the Dubliner’s play their final show on July 30 in Moncton, New Brunswick, Canada, it is estimated the band will rake up almost $700 million in total from their sold out world performances.

The previous record was held by the Rolling Stones and their “A Bigger Bang” tour of 2005-2007.

U2 managed to sell almost five million tickets for their current tour, slightly up from the 4.5 million tickets they sold during their 2005 “Vertigo” tour.

With still 26 dates to go, their “360 Tour” has become the biggest rock tour to date, making them the world’s highest earning music group.

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Bono, right, and guitarist The Edge perform with U2 during their show at Morumbi stadium in Sao Paulo, BrazilGoogle Images