People Magazine Declare Justin Bieber Hollywood’s Richest Teenager

There is no doubt teen pop singing superstar Justin Bieber is one of the top names in Hollywood today. This developed after the prestigious People Magazine declared him as the riches teenager in Tinseltown today. The year 2010 had been a big year for Bieber since he earned a whopping $53 million to top the list among the teen superstars in Hollywood today.

The 17-year-old singing superstar earned big last year from his 3-D concert movie, Never Say Never, and from sales of his new perfume Someday. The way things are going today, it is expected that Bieber would retain the same title next year. Taking the second spot in the annual list is Miley Cyrus, 18 who took  home a cool $48 million. Bieber was discovered in 2008 by Scooter Braun, who happened to come across Bieber’s videos on YouTube and later became his manager.

Braun arranged for him to meet with Usher in Atlanta, Georgia, and Bieber was soon signed to Raymond Braun Media Group (RBMG), a joint venture between Braun and Usher, and then to a recording contract with Island Records offered by L.A. Reid. His debut single, “One Time”, released worldwide in 2009, peaked in the top ten in Canada and charted in the top thirty in several international markets. His debut release, My World, followed on November 17, 2009, and was eventually certified platinum in the United States.  He became the first artist to have seven songs from a debut album chart on the Billboard Hot 100.