Even if you hate him or love him, Justin Bieber is one wealthy 20-year-old. In his fourth year making the annual list, the Canadian megastar tops Forbes magazine's list of the highest-earning celebrities under 30 years old for the first time ever.

Justin Bieber
Bieber earned $80 million between June 2013 and June 2014

Bieber reached the No.1 spot by earning a whopping $80 million over a twelve month period from June 2013 to June 2014, the magazine confirmed on Monday (Nov 24th), who credited most of his annual income to the final part of the 'Baby' singer's recent world tour.

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The lists' top ten is dominated by young musicians, filling nine of the ten positions, and in 2nd place are boy band One Direction who raked in $75 million between all five bandmates, with ages ranging from 20 to 22 years-old.

Coming in the third spot is this year's annual list is Taylor Swift with $64 million, but it is worth noting her earnings were calculated before the release of her highly successful fifth studio album '1989.'

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Closely following the 24 year-old songstress is this past year's Super Bowl halftime show headliner Bruno Mars, making his debut at No.4 with $60 million. Rounding off the top five is Rihanna with $48 million.

Below is the official top ten of Forbes' list of the highest-earning celebrities under 30:

1. Justin Bieber, $80 million

2. One Direction, $75 million

3.Taylor Swift, $64 million

4. Bruno Mars, $60 million

5. Rihanna, $48 million

6. Miley Cyrus, $36 million

7. Jennifer Lawrence, $34 million

8. Lady Gaga, $33 million

9. Avicii, $28 million

10. Skrillex, $18 million