Oprah Winfrey named highest paid woman in showbiz

Chat show queen Oprah Winfrey has topped Forbes magazine's list of highest paid women by earning USD 165 million between May 2011 to May 2012.

Winfrey's net worth is estimated around USD 2.7 billion and she seems to be earning despite struggling to establish her network OWN. She was also named the highest paid celebrity for the fourth year in a row by the magazine. The second spot went to Britney Spears, who has made a grand comeback with her judging stint on The X Factor.

The pop diva earned USD 58 million between May 2011 and May 2012, USD 107 million less than Winfrey. In third place is country sweetheart Taylor Swift. She earned an estimated USD 57 million between May 2011 and May 2012. At 22, Swift is the youngest woman on the list.

Pop princess Rihanna tied for fourth with chat show star Ellen DeGeneres at USD 53 million. Jennifer Lopez and Lady Gaga rounded off the top five list by earning USD 52 million.