Justin Bieber is the Highest Earner on Forbes' Celebrities Under 30 List

Justin Bieber has a reason to smile since he has been named the highest paid entertainer under the age of 30, according to Forbes!

The 20-year-old singer earned a whopping $80 million over the course of June 2013-June 2014, despite all his legal troubles.

PHOTOS: Check out the latest pics of Justin Bieber

One Direction came in second on the list with $75 million, while Taylor Swift took third as the highest paid female with $64 million.

Bruno Mars quietly took the fourth spot with $60 million and Rihanna rounded out the top five with $48 million.

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