Kendall Jenner is the third highest-earning celebrity on Instagram, beating her sister Kylie Jenner. But, while the latter may have a lot of followers, it looks like her older sister is earning more from paid posts, according to a new report.

Buzz Bingo released a list of celebrities who earns the highest amount of money on Instagram. In the report, Kendall is the third celebrity earning more when it comes to sponsored posts on the platform. She is also the highest-paid member of the Kardashian-Jenner family, leaving behind her sisters Kylie, Kourtney Kardashian, Khloe Kardashian, and Kim Kardashian.

Reportedly, the 23-year-old supermodel is earning around $16 million each year from popular brands that are paying her to endorse their products. It is also believed that Kendall receives about $611,000 every paid post she shares on the photo-sharing platform. Some of her recent sponsor posts include Stuart Weitzman, Aritzia, and Valentino. Those brands are just for September.

Currently, Kendall has 117 million followers on Instagram, which is less compared to her younger sister Kylie with 149 million followers and big sister Kim with 150 million -- who's nowhere to be found in the list. But, Kylie and Khloe are on the list, with the former earning over $3.5 million a year, while the latter receives about $1.2 million every year from sponsored posts.

Meanwhile, football player Cristiano Ronaldo holds the crown of earning the highest amount of money for every paid post on his Instagram. The footballer, reportedly, gets around $34 million each year and about $975,000 every paid post. Argentina's Lionel Messi, on the other hand, is on the second spot with around $23.3 million annually.

Other names on the list include David Beckham with $10.7 million per year and $357,000 per post; Selena Gomez with $8 million per year and $886,000 per post; Neymar Jr. with $7.2 million per year and $722,000 per post; Zlatan Ibrahimovic with $4 million per year and $200,000 per post; and Ronaldinho with $2.6 million per year and $256,000 per post.

In another related report, Kendall and Kylie, recently, teamed up to model some designs from their Kendall + Kylie collection. The sisters posted a photo of them on the brand's Instagram account, in which Kendall sported a leopard-print string bikini, while Kylie wore an equally revealing bikini.

However, their bizarre position made some followers assume the sisters posted another photoshop fail. For instance, one commenter wrote the editing of the picture is off, while another one said that they should fire their photoshop people.