While it’s nice that Justin Bieber now has a street named after him in a small town in Texas, you have to assume that he prefers the economic spoils of his fame a bit more.
And what spoils they are! According to People, Bieber is the richest teen in entertainment, having taken in an astounding $53 million last year.
Of course, that isn’t just cash from album sales or even his massively successful arena tour. When you consider just how many Bieber dollars there are, you have to remember that he also licenses his name and likeness to all sorts of stuff that has nothing to do with music, like his fragrance (which accounted for a pretty big chunk of change). He also cleared a bunch of green thanks to Never Say Never, the biopic/concert movie that came out earlier this year.
Musicians dominated People‘s list of the richest teens, as touring and diversification allowed for a lot more paydays than movie or television stars have. READ FULL STORY »