Justin Bieber is Hollywood's Richest Teen

If you weren't already jealous of Justin Bieber, because of his near porcelain skin and swishy hair-do (what else is there?) get ready to cash in that 401K plan because your favorite hamster turned pop icon is the richest teen in Hollywood.

According to People Magazine's Hollywood teen rich list, Bieber tops the list raking in $53 million last year alone.

Usually 18-year-old Miley Cyrus tops that list since her Hannah Montana fame, but since her "Salvia is Legal!" bong escapades, she dropped down to the #2 spot raking in only $48 million. Do you know how much legal mind altering drugs she can buy with that cash?

Justin reportedly made all his money from the success of his 3D concert movie, Never Say Never (which I'm not afraid to say is next in my Netflix queue, hey I just wanna know what they hype is all about...errr) and the sales of his new perfume "Someday." "Someday" had the greatest opening week sales of any celeb fragrance, selling $3 million in retail sales in less than 3 weeks.

But because Bieber is such a street-wise hard knocks kind of guy, he spends his hard earned millions on $25,000 necklaces and bird tattoos. #Swag #Sort-of

Other celebs to make the list:

Nick Jonas banked $12.5 million last year. No word on what the other Jonas’ made, but it probably wasn't enough to make the list. Sorry, other two.

Jaden, 13, and Willow Smith, 10, made $9 million combined. Will and Jada Pinkett Smith could take an early retirement if they just let Willow whip her hair back and forth for the next few years.

Taylor Lautner, 19, who is new to join these teen millionaire ranks pulled in $8.5 million for the last two installments of the Twilight films.

Coming in at the bottom of the list is Selena Gomez who only made $5.5 million to Bieber's $53 million. They may be the grossest inappropriately groping underage couple, but their gender dynamics are very traditional. At only $5.5 million, Gomez might as well be barefoot in the kitchen recreating scenes from "Monte Carlo."

Surprisingly Dakota Fanning, 17, only made $4 million last year, mostly due to her role in Twilight Franchise "Breaking Dawn," because good acting in indie films like "The Runaways" doesn't bring home the cash. Her little sis made the list at 13 years old, Elle Fanning, mad $1.5 million for Super 8.