Highest paid celebrity on Instagram number 3 will shock you

This data comes from social media marketing tool Hopper, who based their calculations on internal data, agency rate cards and public information to produce their annual Instagram Rich Lists.

According to their results, the Kylie Cosmetics mogul, who topped the list in 2019, has officially moved to second place on the list of celebrities who earn money via paid posts on Instagram.

Of this year's top 10, there are four men and six women, with Jenner's sister Kim Kardashian—who, in early July 2020, was rumoured to be approaching billionaire status—also landing a spot on the list, among a number of other famous faces.

To find out who nabbed the other eight spots, scroll down to see the 10 highest-paid celebrities on Instagram for 2020, according to Hopper.

10. Neymar da Silva Santos Junior, @neymarjr

Followers: 142,000,000

Cost per post: Approx. AUD $1,015,170 (USD $704,000) (NGN 274,560,000)

9. Taylor Swift, @taylorswift

Followers: 140,000,000
Cost per post: Approx. AUD $1,041,126 (USD $722,000) (NGN 281,580,000)

8. Justin Bieber, @justinbieber

Followers: 150,300,000
Cost per post: Approx. AUD $1,077,176 (USD $747,000) (NGN 291,330,000)

7. Beyoncé, @beyonce

Followers: 155,200,000
Cost per post: Approx. AUD $1,110,342 (USD $770,000) (NGN 300,300,000)

6. Selena Gomez, @selenagomez

Followers: 195,300,000
Cost per post: Approx. AUD $1,222,660 (USD $848,000) (NGN 330,720,000)

5. Ariana Grande, @arianagrande

Followers: 204,100,000
Cost per post: Approx. $1,229,869 (USD $853,000) (NGN 332,670,000)

4. Kim Kardashian West, @kimkardashian

Followers: 190,300,000
Cost per post:Approx. AUD $1,235,434 (USD $858,000) (NGN 334,620,000)

3. Cristiano Ronaldo, @cristiano

Followers: 241,800,000
Cost per post: Approx. AUD $1,280,071 (USD $889,000) (NGN 346,710,000)

2. Kylie Jenner, @kyliejenner

Followers: 191,200,000
Cost per post: Approx. AUD $1,419,938 (USD $986,000) (NGN 349,440,000)

1. Dwayne "The Rock" Johnson, @therock

Followers: 201,400,000
Cost per post: Approx. AUD $1,461,498 (USD $1,015,000) (NGN 395,850,000)