It’s safe to say that TikTok has well and truly taken over the world in 2020 and we’re not mad about it at all tbh. We spend approximately 75% of our day on the video sharing app watching beauty hacks, challenges, dance routines and everything in between.
Even some of our fave celebs have got in on the act with everyone from reality stars Sam Thompson and Luke Mabbott to A-listers like Will Smith and Lizzo regularly posting videos to their fans.
But the rise of TikTok has also ushered in a new breed of social media superstar, with some of the most popular TikTokers launching huge careers off the back of their newfound fame – and they’e raking in some serious cash while they’re at it.
As part of heat's Rich List 2020, we took a closer look at just how much some of TikTok's biggest stars are earning and the jaw-dropping results are enough to get you practicing your dance moves in the mirror.
CHECK OUT TikTok's top five richest stars
TikTok wealth estimated by Forbes
heat's Rich List 2020 - TikTok stars
1 of 55) Josh Richards, 18 - £1.1m
TikTok's resident pin-up shot to fame partying with his Sway House collective in their LA mansion. Sponsorships with Reebok and Houseparty, plus a record deal, have made Josh plenty of cash, and he's also co-founded a talent management company, plus an energy drinks firm. He recently caused a flap by moving to TikTok rival Triller.
2 of 54) Loren Gray, 18 - £1.8m
At the start of 2020, US teen Loren had the largest TikTok fanbase, thanks to her videos lip-syncing to Nicki Minaj. Rae and the D'Amelios may have overtaken her, but Loren's still a millionaire through promotions with Skechers, Burger King and Chipotle, who made her do cringey stunts such as a "guacamole dance-off".
3 of 53) Dixie D'Amelio, 19 - £2.2m
Charli's older sister (above right) is no slouch in the social stakes, either. She's scored a record deal - first single Be Happy has been streamed 58m times so far - and has promo deals with clothing and cosmetics firms. With the Kardashians about to disappear from our screens, the D'Amelio sister act is poised to fill that space.
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4 of 52) Charli D'Amelio, 16 - £3.1m
Charli has the most followers on the app (89.3m), but hasn't matched Addison's wealth yet, possibly due to her age. Still, the ex-competitive dancer charges a hefty £37k per Instagram post, sells her Charli-branded hoodies for £47 a pop, and has signed a deal to front US teen clothing brand Hollister, too.
5 of 51) Addison Rae (20) - £3.9m
Became famous on the app last year after posting videos of herself dancing with her mum. Since then, she's picked up 65.9m followers, bagged a brand deal with teen clothing firm American Eagle, launched a podcast and merch line, plus become pals with Kourtney Kardashian. She's also just been cast in a remake of '90s teen comedy She's All That.
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heat's Rich List 2020 features the UK and Ireland's wealthiest celebs aged 30 and under including the likes of Stormzy, Rita Ora, Molly-Mae Hague & Tommy Fury and Zayn Malik.
But none of them could compare with Ed Sheeran, who topped the list for the second year in a row with a whopping £210m fortune.
The Shape of You singer became a dad for the first time last month when his wife Cherry Seaborn gave birth to their daughter Lyra and is currently taking a break from music but amassed his wealth by selling over 150 million records becoming the most-streamed artist in the world.
He also raked in the cash on his Divide world tour, which became the highest-grossing in history.