He made news with his incredible physique in New Moon and now Taylor Lautner is all set to become the highest paid teen star in Hollywood. The 17-year-old actor will become the biggest earner once he gets his pay cheque for filming Northern Lights with superstar Tom Cruise, reported Us magazine.

Lautner, who made his Hollywood debut with Twilight, will reportedly earn USD 7.5 million for the upcoming film.

The film, which will be shot from April onwards, is about a gifted young aerobatics pilot who faces off with his controlling billionaire father and falls in love with a female pilot.

The actor has also been announced to play the starring role in the action-heavy Max Steel, which is based on the Mattel toy line and comic book.

Earlier, Harry Potter star Daniel Radcliffe and Home Alone star Macauley Culkin have been high earners while they were in their teenage years.

Radcliffe earned USD 11 million for Harry Potter and the Goblet of Fire in 2005 when he was 16 and Culkin made USD 8 million for 1994's Richie Rich when he was 14.