The richest people in the world are getting younger and younger by the year. In the old days, it used to take a person his or her entire lifetime to win, raise or earn a million dollars. But today, teenagers are able to achieve this status with one well reviewed movie or a record hit as a teen sensation. Below are the current stats to who is the richest and how they made their millions. Some have inherited the money, but most rich teens have actually done something to earn their cash other than just being lucky enough to have had a well-heeled last name.

The top richest teenagers on the planet are highlighted below:

 

India Rose James and her half-sister Fawn.

India Rose James

At 18 years old have £75 million dollars in the bank. India Rose is the granddaughter of the late Soho pornography and property mogul Paul Raymond who left the money to them both. The family is worth a whopping £500 million altogether.

 

Justin Bieber (17 years old).

Justin Bieber

Earned $53 million dollars in 2010 for singing and entertaining young teens and is credited with his own street named after him in a small town in the state of Texas. His money comes from hits like “Never Say Never” and his fragrance “Someday.”

 

Miley Cyrus.

Miley Cyrus

Is another teen singer who at 18 years old made $48 million from touring to promote her songs.

 

Nick Jonas (18 years old).

Nick Jonas

Form the Jonas brothers made $12.5 million from record deals and public appearances in 2010, and he has been seen on Broadway.

 

Emma Watson.

Emma Watson

At 19 year old has £12 million in her bank account as the face of the fashion designer Burberry’s autumn and winter clothing collection.

 

Taylor Lautner (19 years old).

Taylor Lautner

Made $8.5 million as the star of the hit movie “Twilight” playing a werewolf . He also earned an additional $7.5 million for his role in the movie “Abduction.”

 

Angus T. Jones.

Angus T. Jones

At 17 years old made $7.8 million for his role in the hit television show “Two and a Half Men” since he makes $300,000 per episode for the series.

 

Ianthe Fullagar.

At 19 years old was the winner of a lottery with over £7 million in a winning jackpot.

 

Selena Gomez.

Selena Gomez

At 19 years old made $5.5 million for her acting career last year.

 

Jaden Smith.

Jaden Smith

At 13 years old made $5 million for his role in the movie “The Karate Kid.”

 

Willow Smith. 

Willow Smith

at age 10 made $4 million for her music career and singing.

 

Dakota Fanning.

Dakota Fanning

At age 17 made $4 million for the movie “Breaking Dawn.”

 

Caroline Wozniacki.

Caroline Wozniacki

At 19 years old is the sixth best female tennis player in the world with six tournament wins and $2.9 million in prize money, scholarships and endorsements.

 

Elle Fanning.

Elle Fanning

Made $1.5 million at age 13 for her part in the movie “Super 8.”

 

Abigail Breslin.

Abigail Breslin

At 13 years old has made $1.5 million for her starring role as Little Miss Sunshine. She now also earns over $3 million per movie and has been nominated for an Oscar award.