Wednesday, October 6, 2010 4:12am ET by  
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Justin Bieber is in the money

Justin Bieber has been confirmed as the highest-paid teen performer this year.

According to the Smoking Gun, the 'Baby' hitmaker makes more than £200,000 ($318,000) per show, which is twice as much as rap artist Drake. 

Bieber earns more per gig than recognised acts like Sheryl Crow (£92,161/$146,551), Weezer (£94,365/$150,081), and Bret Michaels (£40,261/$64,033).

The 16-year-old, however, still has a long way to go to outdo other acts such as Rascal Flatts (£441,800/$702,652), KISS (£314,447/$500,106) and Keith Urban (£306,590/$487,706).

Check out Bieber’s video for his single, 'U Smile', taken from his latest album, 'My World 2.0', below: