Justin Bieber is Hollywood`s richest teenager
The 17-year-old singer topped People magazine`s annual list after earning a reported $53 million in the last year, beating the likes of Miley Cyrus - who shot to fame playing the title character in Disney TV show `Hannah Montana` - and his girlfriend Selena Gomez.
Justin`s earnings are thought to have increased after the success of his 3-D concert movie, `Never Say Never`, and from sales of his new perfume Someday.
Miley, 18, took home a cool $48 million, while 19-year-old Selena banked just $5.5 million in comparison.
Will Smith`s children Jaden and Willow made $9 million combined, while Jonas Brothers star Nick Jonas racked in an impressive $12.5 million.
And it seems Justin has been keen to spend some of his hard-earned cash as he recently splashed out $25,000 on a necklace.
The `Baby` hitmaker also had a hand in designing his new piece of jewellery which is based on animated `Family Guy` talking baby Stewie Griffin - voiced by Seth McFarlane - and features 12 carats of rubies and diamonds.
Beverley Hills jeweller Jason Arasheben helped Justin create the necklace, revealing the `One Time` performer "had a specific vision for how he wanted it to look".
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