Most teens make their money with weekend jobs or babysitting gigs, dreaming of the day they will have enough money to buy a car or a new cell phone. But for a few lucky kids, buying a brand new car or a diamond-studded iPhone wouldn’t even put a dent in their weekly allowances.
Many of these wealthy children were born into privilege, as heirs and heiresses to family businesses and real estate fortunes. But a few made their own millions on their own, earning enough money to buy luxury sports cars before they were old enough to drive them. Although most of these teen titans are celebrities famous for their singing, dancing or acting ability, a few have managed to sneak on the list with business skills or a single lucky lottery ticket!
After getting her start by starring in the Disney Channel’s Hannah Montana, Cyrus soon branched out into pop stardom and starring roles in feature films. The eighteen-year-old’s personal net worth is estimated at $120 million, although the total take of her vast empire of concert tickets, DVD’s and merchandise is said to be over a billion dollars.
Angus T. Jones
As one of three leads in the most popular sitcom on TV, Two and a Half Men, Jones currently makes $250,000 an episode, making him the highest paid teen TV star. Despite not having a merchandising empire like some of the other teens on this list, Jones is said to be worth $15 million.
This breakout star was nominated for an Oscar at the age of 10 for her role in Little Miss Sunshine, and she continues to dazzle the critics and prove herself box office gold. Now 15, Breslin’s many box-office hits, including Rango, No Reservations, My Sister’s Keeper and Zombieland, have earned her $20 million.
Agents discovered Bieber after his homemade music videos starting racking up millions of hit on YouTube. Now a seventeen-year-old international sensation, Bieber has released two albums, toured worldwide, released a concert documentary and has even tried his hand at designing products aimed at his tween demographic. Although he is worth $85 million, he claims that he is still given an allowance of only $50 a day.
Jaden and Willow Smith
These two talented siblings were in the public eye since the day they were born, thanks to their parents, Will and Jada Smith. But they have also succeeded in their own right, Jaden as an actor with a starring role in The Karate Kid and Willow as a preteen pop sensation, with viral hits like “Whip My Hair.” Besides for their family wealth, the two kids have earned plenty of money themselves. Willow, 12, has earned $4 million, and Jaden, 14, is worth $8 million.
The nineteen-year-old actor had to fight hard (and hit the gym) to keep his role as Jacob in the mega-blockbuster Twilight series after the director brought in for the second film wanted to replace him. That decision paid off, as the role earned him millions of dollars, worldwide fame, and the title of Highest Paid Teen Actor. Now starring in several new action films such as Abduction, Lautner has a net worth of $40 million.
The nineteen-year-old star got her start by starring in a Disney sitcom, but has since branched out into pop music and acting in feature films. She is perhaps most famous right now for publicly dating Justin Bieber (and for removing her promise ring when she started dating him.) Besides for projects like a fashion line, a production company, and endorsement deals, Gomez is also involved in UNICEF. Her total net worth is $4 million.
The UK citizen, 19, became a millionaire overnight when she was eighteen years old. As the youngest winner of the EuroMillions lottery, Fullagar won $11 million. Since her win, Fullagar has mostly kept out of the public eye.