The top dog of the 2017 list had been Selena Gomez, whom Kylie has triumphantly knocked down to the second place position this year
Examining traits including follower count, average engagement and posting frequency, Hopper HQ puts the list together annually.
Their view is that Kylie's cost per post is $1 million, with Selena netting $800,000 for the same and Kim drifting behind at $720,00
Kim had been in the number two position in the 2017 list, but has slid down two places and settled at number four in 2018.
Incidentally, back in 2017, number four on the Instagram Rich List was none other than Kylie, who welcomed her firstborn daughter Stormi this February
Pro footballer and international heartthrob Cristiano Ronaldo found himself at number three in 2018, the same spot on the list he held in 2017.
Fifth place this year is occupied by Beyonce, which leaves Portuguese Cristiano as the only member of the top five to be from outside the United States.
Sixth to ninth place were held, in descending order, by Dwayne Johnson, Justin Bieber, Neymar da Silva Santos Junior and Lionel Messi.
The number 10 position on the list went to none other than Kylie's elder sister Kendall Jenner - such that three women of the Kardashian-Jenner clan are in the top 10.
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