Justin Bieber, named "Venture Capitalist" on the Forbes Celebrity 100

By KATE MORAWETZ

Jennifer Lopez might be the world’s most powerful celebrity, but Canadian-born heartthrob Justin Bieber is the man on the cover. Forbes just unveiled the impressive cover on Wednesday!

Justin is in good company on the Forbes 2012 Celebrity 100 List alongside celebrities such as Adele, Ashton Kutcher and Melissa McCarthy.

Forbes ranks the 100 most influential people in entertainment by earnings, press coverage and Internet impact.

Jennifer Lopez, who Forbes has dubbed “The Turnaround Artist” tops the list and has made quite the turnaround considering she was at No. 50 just last year. Oprah keeps her No. 2 spot and remains the magazine’s highest celebrity earner bringing in a whopping $165 million.

Meanwhile, The Biebs stays strong in his No. 3 spot, earning his title as “Venture Capitalist” with stakes in a dozen companies that appeal to his tech savvy.

Some notable newcomers to the list include Rihanna at No. 4, Adele at No. 24, Melissa McCarthy at No. 99 and Ashton Kutcher at No. 51.

Check out more of the list to see if your favourite celebrity made the cut at Forbes.com.