Based on the provided reference, which ranks musical theatre productions by their highest grossing revenue, the world's #1 musical is The Lion King.
According to the List of highest-grossing musical theatre productions from Wikipedia, musicals are ranked based on their total box office revenue. As of the data presented, The Lion King holds the top position.
Here is a look at the top three highest-grossing musicals from the referenced list:
| Rank | Musical | Original production (Closing year) |
|---|---|---|
| 1 | The Lion King † | Present |
| 2 | Wicked † | Present |
| 3 | The Phantom of the Opera | 2023 |
Note: The dagger symbol (†) typically indicates a production that is still running.
This ranking highlights the significant financial success of these long-running shows in the world of theatre.
