One Direction are the fifth highest-earning British stars under 30
The group - consisting of Harry Styles, Niall Horan, Louis Tomlinson, Liam Payne and Zayn Malik - have amassed a fortune of £26.3 million between them in 2011, meaning they have earnt more than `Skyfall` singer Adele and former `X Factor` winner Leona Lewis.
However, they still trail far behind `Harry Potter` star Daniel Radcliffe, who made £53.3 million and retains his place at number one in the list compiled by heat magazine.
Robert Pattinson rose one place from three to two by banking £38.73 million in 2011, beating `Anna Karenina` actress Keira Knightley`s earnings of £32.7 million.
Other notable inclusions in the top 20 include Cheryl Cole, who amassed £13.4 million and was placed at number nine - dropping two from her position last year - and actress Emily Blunt, who earned £9.47 million.
The rich list is compiled by a combination of the stars publicly declared business dealings and was judged by heat editor Lucie Cave, PR guru James Herring and talent manager John Noel.
Commenting on One Direction`s success in the list, Lucie said: "One Direction will be thrilled to hear that they`ve burst into heat`s Rich List as the highest new entry at number five. Like any pop stars they`ll be after the number one spot, of course, but if they keep going the way they have been, that might be a reality in 2013."
Despite being placed one spot lower than One Direction, Adele rose 10 places on the list from her position last year.