Angelina Jolie: Named as world's most powerful celebrity

Angelina Jolie: Named as world's most powerful celebrity

Angelina Jolie has been selected as the world's most powerful celebrity as per Forbes magazine annual Celebrity 100 list. In this way she has dethroned Oprah Winfrey. Ranking has been made on the basis  of media exposure and career earnings over the past year.

According to Forbes, Angelina Jolie, a reigning tabloid fixture, earned 27 million dollars , bumping her up from third place on last year's list since she wields more power due to high-profile turns in hit films such as "Wanted" and "Kung Fu Panda."

At No. 2, Oprah Winfrey is still the highest earner with 275 million dollars.

Madonna came in third, followed by Beyonce, Tiger Woods, Bruce Springsteen and Steven Spielberg.

Two other celebrities who tied up in Jolie's tabloid universe namely Jennifer Aniston and Brad Pitt  who came in at 8th and 9th place  respectively.

10th place goes to Los Angeles Lakers superstar Kobe Bryant, thanks in part to endorsement deals scored after the Beijing Olympics.

About halfway down the list familiar faces are found. Thses include President Barack Obama. At No. 49, Obama's the first sitting head of state to appear on this Forbes fixture because of his worldwide fame, his historic election and his career as a best-selling author.

There are few newcomers who have found place in the list. They include  Alec Baldwin (No. 91); Meryl Streep (No. 64); Toby Keith (No. 59); Rascal Flatts (No. 42); TV host Glenn Beck (No. 81); and teen singing superstar Taylor Swift (No. 69).

Many have dropped from high places too. For instance Justin Timberlake went from 12th to falling off the list completely, since ending his lucrative "FutureSex/LoveShow" concert tour.

Jennifer Lopez, Johnny Depp and Tyra Banks also dropped off the list.