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Justin Bieber ties for ninth place with an incredible $55 million in annual earnings according to Forbes' list.
The 18-year-old is the youngest name on the list, largely thanks to sales of music and merchandise - and, more recently, stakes in startups including Tinychat, Stamped and Spotify.
The young performer has been extremely busy, having performed at the Victoria's Secret Fashion Show, the American Music Awards and having received the Diamond Jubilee Medal for his achievements - all in the month of November.
(Pictured: Justin Bieber appears in a photo from the set of 'The View' on June 19, 2012. )
(ABC Photo / Lou Rocco)