mcarey051609_01_230final.jpg J.Lo isn't the only one who can rake in the big bucks!

A day after it was announced Mariah Carey will be a new judge on American Idol, online reports are circulating that the Grammy winner is set to make a whopping $18 million paycheck!

The pop singer's salary makes her the highest paid judge on any competition show. Jennifer Lopez only pulled in an estimated $12 million for her judging duties on Idol, while The Voice plunked down an estimated $10 for Christina Aguilera's mentoring.

Closest to Mimi's salary is Britney Spears, who will make approximately $16 million for her spot on the X-Factor.

Miss Carey is already looking forward to her new gig! "As a singer, songwriter and producer, it's going to be fun and rewarding to help find new talent and give back to American Idol," she said in a statement confirming the much speculated news.

This diva doesn't come cheap!