The teenage heartthrobs of Hollywood can give the so-called seasoned celebrities a run for their money. The Forbes 2011 list of Hollywood's top 5 richest teenage celebrities has released.

According to the new list, Justin Bieber is the richest teenage star in the world right now. With his world tour, music, performance, albums, movie and perfume brand, he is certainly the most worthy teenager to win the crown of the richest teenager in Hollywood. Miley Cyrus takes the second position in the list of richest teenagers with raking in $48 million.

The other top teenage earners are Nick Jonas, Taylor Lautner, Angus T. Jones, Selena Gomez, Jaden Smith, Willow Smith, Dakota Fanning and Elle Fanning.

Check out the photos of the 5 Richest Teenage Stars of Hollywood.