'Love Story' singer earned more than any other celebrity under 30 in the world last year

Taylor Swift has been named as the highest paid celebrity in the world under the age of 30 with earnings of $57 million (£36.8 million).

The singer, who grossed a colossal $123 million (£79.5 million) on her ‘Speak Now’ world tour, was named by Forbes Magazine as the highest earning celebrity under 30 between May 2011 and May 2012.

Justin Bieber was second with earnings of $55 million (£35.5 million), Rihanna was third with a pay packet of $53 (£34.5 million), while Lady Gaga was in fourth with $52 million (£33.6 million), down from her $90 million (£58.2 million) earnings last year.

Katy Perry was fifth with earnings of $45 million (£29.1 million), with Adele next with $35 million (£22.6 million) and Twilight actress Kristen Stewart in seventh with $34.5 million (£22.3 million). Lil Wayne was eighth with $27 million (£17.5 million), while Twilight love rivals Robert Pattinson and Taylor Lautner were joint ninth with pay packets of $26.5 million (£17.1 million) each.

Taylor Swift is currently working on her fourth studio album and has been working with a raft of songwriters, including Ed Sheeran and Foster The People’s Mark Foster.