Oprah tops Forbes' highest-paid celebrity list

  • Oprah Winfrey has been named as the highest paid celebrity for a fourth consecutive year by Forbes.com.

    Winfrey may have failed to find success with joint venture partner Discovery Communications on her OWN TV network but her rights over syndicated shows such as Dr. Phil, Rachael Ray, The Dr. Oz Show along with other media products enabled her to earn an estimated $165 million between May 2011 and May 2012.

    Coming in second place was movie director Michael Bay, whose action-packed adventure flick Transformers: Dark of the Moon, which was released last year, helped him earn $160 million on the back of participation in ticket and toy sales and other revenue.

    Steven Spielberg sat at number three, having earned $130 million in the 12-month period from his participation with TV shows like Smash and the release of the movie releases of The Adventures of Tintin and War Horse.