Taylor Swift has been named the highest-paid celebrity under 30.
The 22-year-old singer/songwriter topped the annual list by Forbes after earning US$57 million between May 2011 and May 2012, which is mainly thanks to her three albums - Taylor Swift, Fearless and Speak Now - all going platinum at least four times.
The blonde beauty's gigs bring in an average of $1 million per night and her endorsement work for products such as CoverGirl makeup have also helped to cement her place at the top of the list.
Justin Bieber was narrowly beaten into second place after earning $55 million, meaning the 18-year-old pop star is the highest ranked male in the list and the only one in the top five.
Rihanna ($53 million) was in third largely thanks to her 85-night tour and her 2011 hit album Talk That Talk - which spawned singles such as We Found Love and Birthday Cake - while Lady Gaga just earned less than the brunette beauty after amassing $52 million.