Forbes magazine has revealed TikTok’s highest-paid stars in a brand new list.
In their first-ever roundup of TikTok’s top earners, Forbes compiled the list by estimating their pre-tax earnings from June 30, 2019 through June 30, 2020.
They also conducted interviews with the stars themselves, as well as their teams and investors in the industry.
Addison Rae landed at the top of the list, as she earned an estimated $5 million between June 2019 and June 2020.
The 19-year-old was studying broadcast journalism at Louisiana State University when she started blowing up on TikTok last year – and she now has over 54 million followers.
After she started landing sponsorship deals with the likes of Fashion Nova, Addison left school to move to Los Angeles – where she helped form the Hype House, a collective group of content creators.
@addisonreSOMEONE PLS TEACH ME HOW TO DO THIS HAHAHA♬ original sound – kingnick123
Since then, Addison has landed major brand deals with the likes of Reebok, Daniel Wellington, American Eagle, and Spotify.
She’s also about to launch her own makeup line, Item Beauty, next week – which will no doubt increase her revenue even more.
Charli D’Amelio landed in second place on Forbes’ list of the highest-paid TikTokers.
Worldwide, the 16-year-old is the most followed person on the app with 77 million followers – and over the past year she’s managed to bank $4 million.
Charli posted on TikTok for the first time in June 2019, and she’s since moved to LA from her hometown of Norwalk, Connecticut.
@charlidameliodc @sheafreak4jb1♬ Not The Thermometer Slow Version – _.editedsounds
The teenager’s earnings are largely thanks to sponsorship deals with companies including Hollister and Morphe Cosmetics, as well as her own merchandise line.
She also appeared in a Super Bowl commercial for Sabra hummus earlier this year.
Charli’s older sister Dixie landed in third place on the list, with estimated earnings of $2.9 million.
With 32 million followers, Dixie has also landed sponsorship deals with the likes of Hollister and Morphe Cosmetics.
She’s also launching a music career, as she released her first single ‘Be Happy’ in June, which has accumulated 58 million streams.
You can check out Forbes’ full list of TikTok’s highest-earners here.
The magazine released the list amid uncertainty over the future of TikTok in the US.
Earlier this week, President Donald Trump signed executive orders prohibiting US residents from doing any business with TikTok, WeChat or the apps’ Chinese owners.
The order will come into effect next month, amid growing national security concerns surrounding data collection.
Any US resident or company that engages in transactions with the Chinese owned apps will be threatened with penalties when the ban begins.
Beijing-based company ByteDance launched TikTok back in 2017, and the video-sharing app has an estimated billion users worldwide.
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#GossChats is sponsored by top Irish aesthetic clinic Haus of JeJuve.
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On the latest episode of Goss Chats, @itsalirose sits down with @m.rbeauty who opens up about his upcoming wedding and his surrogacy plans. Plus the beauty guru gives us the best tips for dolling yourself up from home. #GossChats is sponsored by top Irish aesthetic clinic @haus_of_jejuve