We’re not sure why it took an 11-year-old mayor to give Justin Bieber his own street, because according to People magazine’s annual Richest Teen Celebrity list (via MTV), the pop star has earned enough cash in the last year to practically buy the whole damn town. That’s right, the “Baby” singer raked $53 million in 2010 — thanks in large part to the success of Never Say Never. Closing in on the Biebs is Ms. Gypsy Heart herself, Miley Cyrus with $48 million. Rounding out the list are Willow Smith ($4 million), and Selena Gomez ($5.5 million). Now if you’ll excuse us, all of those zeros are giving us a headache.

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