The Rises and Falls of Lindsay Lohan

They are teens and they are rich. Justin Bieber leads them, said to have made $53 million in the last year. Wow. And at 10, Jaden Smith also has millions.

People Magazine came out with its richest Hollywood teen list in their issue last week and it won't come as a surprise that 17-year-old Justin Bieber and 18-year-old Miley Cyrus top the list. It has also been noted on internet sites on Sunday August 14th 2011 that Bieber and Selena Gomez are the richest teen couple in Hollywood.

That last observation shows pop-media has a rather firm grasp of the obvious. Given that Mr. Bieber is reported to have made $53 million in the past year he could go out with a teen who works part-time at a local Malibu mall and they would be the richest teen couple in Hollywood. Bieber does contribute to charity to a large degree but at the end of the day 53 million bucks in a year is a princely sum.

Gomez, who continues to star in The Wizards of Waverly Place, make movies - Monte Carlo was released in July - and is making inroads as a singer, is said to have made what by comparison is a somewhat paltry $5.5 million. For paltry, and for a 19-year-old, not too shabby a paycheck.

Rich Miley Cyrus, Rich Smith and Smith

The magazine says Cyrus made $48 million with concerts, DVD's and TV, though some reports say she earned much less. Other notable teens to hit the list - how could you not be notable if you're a teen making millions a year? - include 19-year-old Taylor Lautner, who raked in somewhere around 16 million, much of it for Twilight. Angus T. Jones, like Bieber 17, is said to be making $300,000 an episode on Two and a Half Men and when they're not being interrupted by Charlie Sheen they make 22 episodes a year. You do the math.

Some younger rich teens include siblings Jaden and Willow Smith, whose parents are fabulously rich Hollywood types already but who, at 13 and 10 respectively, felt they should start earning a few millions on their own. Jaden made, reports say, $5 million, much of it coming from The Karate Kid and his appearance in the Bieber video of Never Say Never and film of the same name.

His sis made lots from her hit song Whip My Hair. And yes, at 10 she's not a teen and so would likely be the richest Hollywood pre-teen with her reported 4 million in earnings over the past year. And another pair of siblings, actors Dakota and Elle Fanning, are making millions, too. Four million for Dakota inBreaking Dawn and $1.5 million for Elle, 13, in Super 8.

Justin Bieber: Never Say Never

Of late Bieber, who recently invented an alter-ego Derek Bieber (interviewed here on Suite 101) has made most of his money through the fabulous success of Justin BIeber: Never Say Never, a hit all over North America and other parts of the world. And though he's giving proceeds of his fragrance for women called 'Someday' to charity, he continues to rake money in there.

All of the touring? The CD and album sales? The Justin Bieber pajamas and dolls? Yeah, there'd be a buck of two for all that stuff, and for other sources of income. To add to it all he's working on the release of a new album which is guarenteed to be a strong seller.

The rich, as they say (in this case teenage rich) just keep getting richer.