Oprah Tops Forbes' 21 Highest Paid Celebrity List

Just one year after ending her daytime talk show, Oprah Winfrey found herself at the top of Forbes' just-released 21 highest paid celebrities list.

The 58-year-old's financial empire has been recognized by the business magazine for four years in a row after calculating how much money she rakes in every twelve months.

Forbes estimated Oprah earned $165 million between May 2011 and May 2012 which puts her ahead of "Transformers" mastermind Michael Bay ($160 million) and director/producer legend Steven Spielberg ($130 million).

The magazine explained they took into account endorsements, profits, upfront pay and advertising work when compiling the list of 21 wealthiest celebrities.

The complete rundown of this year's 21 highest paid celebs is as follows:

1) Oprah Winfrey - $165 Million
2) Michael Bay - $160 Million
3) Steven Spielberg - $130 Million
4) Jerry Bruckheimer - $115 Million
5) Dr. Dre - $110 Million
6) Tyler Perry - $105 Million
7) Howard Stern - $95 Million
8) James Patterson - $94 Million
9) George Lucas - $90 Million
10) Simon Cowell - $90 Million
11T) Sir Elton John - $80 Million
11T) Glenn Beck - $80 Million
13) Tom Cruise - $75 Million
14) Dick Wolf - $70 Million
15) Rush Limbaugh - $69 Million
16) Manny Pacquiao - $67 Million
17) Dr. Phil - $64 Million
18) Donald Trump - $63 Million
19) Tom Cruise - $59 Million
20T) Britney Spears - $58 Million
20T) Tiger Woods - $58 Million