Becoming a celebrity at teenage is dream of every child but some become celebrities at very young age. Most of the teen celebrities belong to the world of entertainment. They reach the highest level of popularity before reaching the age of 20. The debate does not end at popularity they earn more than what anyone can think of. We have calculated the worth of teenage celebrities of whole world and compiled a list that ranks them on the basis of wealth they have gathered from different parts of world for their abilities to impress the public. So, here's the list of 10 richest teen celebrities of the world by 2012.

10. Elle Fanning

She is barely a teenager (13 year old) but a brilliant model and actress who grabbed $1.5 million for her performances on and off stage because she works for TV and film also. She started working for film at the age of three years when she acted for her sister. Her brilliance in that role made it clear that one day she will be starring in movies.

09. Dakota Fanning

Dakota Fanning (age 18) - Her breakthrough performance was in I Am Sam in 2002. Dakota was the youngest nominee for a Screen Actors Guild award. She first appeared in a certain commercial at the age of 5. Older sister of Elle Fanning earned $4 million in a single year.

08. Willow Smith

Her full name is Willow Camille Reign Smith (age 11) but popularly known as Willow. She stepped into entertainment by doing a movie I am Legend (2007) and since then she is a legend. She earned $4 million for her musical performances.

07. Jaden Smith

Elder brother of Willow, Jaden Smith (age 13), is also the part of richest teen celebrities with his $5 million earning in 2010. He has also performed in movies and his debut in this field was at the age of 4.

06. Selena Gomez

Selena Gomez is a cute girl of 19 who is often seen with Justin Bieber. She has working as a singer and actress for last 10 years. Her $5.5 million gives her 6th spot in richest teen celebrities of 2012.

05. Angus T. Jones

Angus T. Jones is a 18 years old guy from Texas who is known for his role in Two and a Half Men at the age of 10. He got a $300,000 per episode which is a record for any child to get such a huge amount. He earned $7.8 million last year.

04. Taylor Lautner

Taylor Lautner, 20, the teen’s favorite werewolf, generated $8.5 million last year from last two installment of the Twilight Saga.

03. Nick Jonas

Nick Jonas, 19, had a very good year as well with totals around $12.5 million. Record sales, TV appearances and Broadway shows got him the third rank in the top 10 richest teenagers chart.

02. Miley Cyrus

At the age of 19, the ‘Hannah Montana’ star is earner of $48 million. She earned almost $1.2 million from her across 57 tour dates and thanks to her role in the movie ‘The Last Song,’ heavy radio play for her hit “Party in the U.S.A.” and revenue from Disney shirts with her face on them got her the second place in the top 10 richest teenagers.

01. Justin Bieber

The 18-year-old pop sensation, with his baby face and remarkable vocal talent, won hearts of millions of girls worldwide. His talent not only got him million screaming girls but made him the richest teenage earning a whooping amount of $53 million.