Forget Wall Street, these teens are literally dancing their way to the bank. Topping at $5M in one year – Here is how much the highest-earning TikTok entertainers make every year

With every passing decade, the systems, beliefs, and ambitions evolve too. Take a look back in time and you will find that professions have developed drastically with new ones cropping up thanks to apps that welcome a crazy following. There were no Instagrammers, influencers, TikTokers in the early 2000s but they are the ones ruling the roost and raking in the money which is why everyone wants to be them. Speaking of TikTok millennials and generation Z, dominate the social media app and many users have shot to fame as influencers on the platform. It’s been an interesting time for TikTok and becoming a TikToker especially since the lockdown began, people have really taken to the app to dance their boredom away. Let’s see who made the most money while having the most fun with a list of the top five highest-earning TikTok stars in 2020-

Via Instagram / @joshrichards

5. Josh Richards (@joshrichards), 18 years, 20.8 million followers, Earnings – $1.5 million
Apart from making a lot of money on TikTok, he’s also cofounded his own talent management company, TalentX, and his own drink business, Ani Energy. Not one to stop, this guy is making the most of it with sponsorship deals with Reebok and HouseParty, a merch line, YouTube ad revenue, a new song-making deal with Warner Records.

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Via Instagram / @loren

4. Loren Gray (@lorengray), 18 years, 46.1 million followers, Earnings – $2.6 million
After being wronged by a string of bad talent managers, this talented lady shone by showing her true, talented self on TikTok and developed the biggest fanbase of any TikToker until spring. This was followed by money-making deals with Skechers, Hyundai and Burger King, and more recently the Revlon deal. It requires her to create content for the company’s TikTok account and Revlon-sponsored posts for hers.

Via Instagram / @dixiedamelio

3. Dixie D’Amelio (@dixiedamelio), 18 years, 32.8 million followers, Earnings – $2.9 million
With 32 million followers, Dixie the older sister of star TikToker Charlie D’Amelio is making the most of her fame and focusing on her music career,. She has released her first single, “Be Happy,” in June which is doing extremely well with 58 million streams.

Via Instagram / @_.charlie.damelio.__

2. Charlie D’Amelio (@charlidamelio), 16 years, 76.9 million followers, Earnings – $4 million
Call her lucky or present in the right app at the right time but TikTok did change her life around. Who would believe that Charlie posted on TikTok for the first time in June 2019? A series of dance videos that went viral and Charlie joined singer Bebe Rexha in opening for the Jonas Brothers at the Barclay Center in Brooklyn. She has never looked back and made money with sponsorship deals with companies like EOS cosmetics and appeared in a Super Bowl commercial for Sabra hummus.

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Via Instagram / @addisonsarchive

1. Addison Rae Easterling (@ddisonre), 16 years, 54.2 million followers, Earnings – $5 million
A competitive dancer as a kid and a $5 million making Tiktoker who enjoy top-spot on the Forbes’ list of TikTok’s highest-earning stars is Addison Rae Easterling. Her success story begins with a sponsored post for Fashion Nova and continues in Los Angeles to pursue celebrityhood full-time. She created Hype House, a content creator collective which further amped her business and sponsored content from brands like Reebok and Watch Company Daniel Wellington.

[Via – Forbes]

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With over 15 years of experience in luxury journalism, Neha Tandon Sharma is a notable senior writer at Luxurylaunches. Her expertise spans luxury yachts, high-end fashion, and celebrity culture. Beyond writing, her passion for fantasy series is evident. Beginning with articles on women-centric gadgets, she's now a leading voice in luxury, with a fondness for opulent superyachts. To date, her portfolio boasts more than 2 million words, often penned alongside a cappuccino.