Actress and social media star Kylie Jenner earned a total of 59 590 million in 2020.
The reason for his earnings is to sell 51% shares of his cosmetics firm, Kylie Cosmetics, this year.
The American business magazine said that the actress had exaggerated the size of her business for years and the amount she withdrew from the contract was such that Kylie Jenner became the highest-earning celebrity.
Second on the list is actor Kanye West, who grossed a total of 17 170 million this year.
Most of Kanye West's revenue this year came from the Easy Sneaker deal with Adidas.
Tennis star Roger Federer was third on the list with a fortune of 106.3 million.
He is the first high-earning tennis player to make the Forbes list.
Three streaming giants also made the list, with Ryan Reynolds at 18th with 7 71.5 million, Bailey Ellis at 43rd with 30 53 million, and Jerry Seinfeld at 46th with 51 million.
Two-thirds of the trio's revenue comes from web streaming service Netflix.
Football star Cristina Ronaldo is fourth on the list with 100 million, becoming the first team player to earn 1 billion in her career.
In addition, Argentine footballer Lionel Messi is ranked fifth on the Forbes list.
Director Taylor Perry 97 million, Neymar $ 95.5 million, the world's highest-paid radio host Howard Stern 9 90 million, and four-time NBA MVP LeBron James 882 million. They are ranked sixth, seventh, eighth, and ninth, respectively.
Devine Johnson, known as 'The Rock', is at number 10 on this list and he is also the highest-earning actor in the world due to his upcoming films Black Adam and Red Notes.