Angelina Jolie, named the World’s Most Powerful Celebrity, is also Hollywood’s top-earning actress this year.

According to Forbes Magazine, the 34-year old actress collected over $27 million in earnings for the past 12 months from her blockbuster movies including the international action hit “Wanted” and a soon-to-be-released thriller “Salt”. She also provided voice to Tiger Mistress, a character in the movie animation “Kung Fu Panda”.

Jolie dethroned billionaire Oprah Winfrey from the Most Powerful List after the release of several top-billed blockbuster movies and a steady stream of media attention along her way.

Aside from the widely-publicized birth of her twins with actor Brad Pitt, she has consistently made headlines for her dedication to philanthropic work.

Off-screen, Jolie serves as a Goodwill Ambassador for the UN Refugee Agency and has traveled all around the world to promote humanitarian cases. She is especially renowned for her work with refugees through the UN High Commission for Refugees, a commitment she was able to act out in her movie Beyond Borders.

Among the other top-earning Hollywood actresses trailing Jolie is Jennifer Aniston, Brad Pitt’s ex-wife. Aniston is estimated to have earned over $25 million mostly from the romantic comedy “Marley and Me” and an upcoming film “The Baster.” She also earns from reruns of popular TV series Friends and Glaceau’s SmartWater.

The third top-earning actress this year is veteran actress Meryl Streep, who raked in $24 million for her role in the film musical “Mamma Mia”.

Sarah Jessica Parker came in fourth boasting of earnings worth $23 million from the movie version of her hit TV series “Sex and the City.”

Placing fifth is Cameron Diaz who earned $20 million.

Forbes’ list is based on interviews with agents, managers, producers, and lawyers who detail how much actresses earn upfront for movies they are currently working on and how much they would get paid after the movie is released.