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.



The 17-year-old pop sensation, Justin Bieber with his baby face and remarkable vocal talent, won hearts of millions of girls worldwide. His talent not only got him million screaming girls but made him the richest teenage earning a whooping amount of $53 million. (Photo: Reuters)

At the age of 18, the ‘Hannah Montana’ star Miley Cyrus is earner of $48 million. She earned almost $1.2 million from her across 57 tour dates and thanks to her role in the movie ‘The Last Song,’ heavy radio play for her hit “Party in the U.S.A.” and revenue from Disney shirts with her face on them got her the second place in the top 10 richest teenagers. (Photo: Reuters)

Nick Jonas, 18, also made millions last year. Record sales, TV appearances and Broadway shows got him the third rank in the top 10 richest teenagers chart. (Photo: Reuters)

Taylor Lautner, 19, the teen’s favorite werewolf, generated $8.5 million last year from last two installment of the Twilight Saga. (Photo: Reuters)

According to the Forbes list, Two and A Half Man’s Angus T. Jones, 17, is the next big earner last year is. He earned $7.8 million last year. (Photo: Reuters)