Adele has been given the prestigious title of the wealthiest singer in the UK under the age of 30.

The 23 year-old superstar has amassed a £20 million fortune and seen an increase of £14 million in the past 12 months alone.

The Sunday Times Rich List highlights the fact that the London-born performer’s record-breaking album 21 has propelled her fortune at such a tender age.

Cheryl Cole, X Factor winner Leona Lewis and Katie Melua came in joint second place with £12 million. Joss Stone came in fifth place with her £10 million earnings.

Meanwhile, Harry Potter star Daniel Radcliffe has been named the richest young British actor. He has raked in £54 million in total which is up £6 million from a year ago.

Twilight star Robert Pattinson is now sitting on a £40 million empire while Keira Knightley came in third place with £30 million. Charlie Chaplin’s granddaughter Kiera Chaplin came in fourth with £28 million while Emma Watson rounded out the top five with £26 million.

The Sunday Times Rich List – Wealthiest Musicians Under 30
1. Adele - £20m (£6m- 2011)
2. Cheryl Cole (Girls Aloud) - £12m (£12m- 2011); Leona Lewis - £12m (£12m- 2011); Katie Melua - £12m (£12m- 2011)
5. Joss Stone - £10m (£9m- 2011)
6. Charlotte Church - £8m (£8m- 2011); Craig David - £8m (£8m- 2011); Paolo Nutini - £8m (£7m- 2011)
9. Florence Welch- £7m (£5m- 2011)
10. Lily Allen - £6m (£6m- 2011); Natasha Bedingfield - £6m (£6m- 2011); Duffy - £6m (£6m- 2011); James Morrison - £6m (£5m- 2011)

The Sunday Times Rich List – Wealthiest Actors Under 30
1. Daniel Radcliffe - £54m (£48m - 2011)
2. Robert Pattinson - £40m (£32m - 2011)
3. Keira Knightley - £30m (£30m - 2011)
4. Kiera Chaplin - £28m (£28m - 2011)
5. Emma Watson - £26m (£24m - 2011)
6. Rupert Grint - £24m (£24m - 2011)
7. Lily Cole - £8m (£5m - 2011)
8. Sarah Harding - £6m (£5m - 2011); Rosie Huntington-Whiteley - £5m (New); Kimberley Walsh - £5m (£5m - 2011)