2011 World's Top-Earning Models

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from Forbes:

#1. Gisele Bündchen $45 million

At age 30, Bündchen is an unparalleled force within the fashion industry.
Since leaving Victoria's Secret in 2007, Bündchen has gotten married and become a mother, but she has yet to slow down. Bündchen remains the face of numerous campaigns and endorsement deals throughout the United States, Europe, Asia and Latin America. From H&M to Dior to Versace, she stands behind brands that represent both luxury and affordability. Her selling power is quantifiable: Bündchen's endorsement was credited in Procter & Gamble's most recent quarterly earnings call for helping to increase Pantene's sale in Brazil by 40%. Her most lucrative deals go beyond modeling: She earns a percentage of sales from the Ipanema flipflops bearing her name, which today rival Brazil's well-known Havaianas brand. To top it off, most of Bündchen's paychecks are paid in euros and Brazilian reals, resulting in an increase in earnings as both currencies appreciated against the dollar by double-digit percentages over the last year.

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#2. Heidi Klum: $20 million

Klum continues her transformation from supermodel to business mogul. This fall she ended her 13-year Victoria's Secret career, but her earnings climbed to $20 million with TV projects, fashion lines and big brand endorsements.
This year Klum struck a deal with activewear company New Balance, creating line of tops, dresses and athletic apparel, dubbed HKNB, that will be sold exclusively on Amazon.com. In October the Project Runway star inked a 20-episode deal for a new show on Lifetime, called Seriously Funny Kids. Her Germany's Next Top Model continues to dominate the ratings in Deutschland.

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#3. Kate Moss: $13.5 million

Kate Moss is a fashion world double threat, landing rich modeling and designing gigs. Earnings over the last year: $14 million, thanks in part to a lucrative design deal with the U.K.'s TopShop.
Fashion's onetime bad girl added more than $5 million to her earnings over the last year, thanks to new deals with the likes of Dior, Vogue Eyewear and Cidade Jardim. Other endorsements include Longchamp, David Yurman, Rimmel and YSL.

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#4. Adriana Lima: $8 million

Lima remains a cornerstone of Victoria's Secret catalogues and catwalks.
Sometimes touted as the world's sexiest model, the Brazilian recently starred in ads for Spanish luxury brand Loewe. She continues to collaborate with Ricardo Tischi of Givenchy and has become the face of Brazilian fashion brand Forum. She recently inked a deal as a spokeswoman for Megacity by Votsu, a Brazilian social gaming company. Lima is married to basketball player Marko Jaric.

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#5. Alessandra Ambrosio: $5 million

Another Brazilian Victoria's Secret Angel reigns over the modeling industry.
Ambrosio has become a familiar star in campaigns for Dolce & Gabbana and Moschino. The supermodel recently became the face of Brazilian sportswear brand Colcci together with Ashton Kutcher, shooting a steamy denim ad together. The duo also walked the catwalk during Fashion Week in Sao Paulo. In addition, Ambrosio was chosen to star in Carlos Miele's international jeans campaign.

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#6. Daria Werbowy: $4.5 million

Werbowy earned $4.5 million since last May, anchored by a posh contract from fragrance and makeup giant Lancôme Paris.
Over the last year Werbowy, who was born in Poland and raised in Canada, inked deals with Hudson Bay, Stefanel, Joseph, Oroton and YSL. Other contracts: Lancôme, Versace and H&M.

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#7. Lara Stone: $4.5 million

Stone became high fashion's "it girl" over the last few years. Now she's cashing in, vaulting onto our top earners list for the first time with a haul of $4.5 million over the last year.
Stone has inked big contracts with Calvin Klein, Versace, H&M, Forum, Prada and Donna Karan. In the fall of 2010 the Dutch cover girl signed on as the exclusive face of Calvin Klein Inc. Other campaigns have included Cavalli, Givenchy, MaxMara, Nicole Fahri¸ Calvin, H&M and Levi's.

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#8. Carolyn Murphy: $4.3 million

Murphy earned $4.3 million over the last year with a big Estée Lauder deal. New campaigns include Iceberg, Fashion Island and Peek & Cloppenburg.
The one-time Sports Illustrated Swimsuit Issue cover girl has contracts with Tiffany & Co., Tom Ford and more. The model has also tried her hand at acting, appearing in Barry Levinson's Liberty Heights. Endorsements over the years: Prada, Gucci, Dolce & Gabbana, DKNY, Ralph Lauren, Calvin Klein, Jantzen, Lord & Taylor, Anne Klein and the Gap.

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#9. Natalia Vodianova: $4 million

The Russian model and mother of three continues to be featured in glossy ads for lingerie company Etam.
Vodianova's fragrance campaign with Guerlain helped the 29-year-old pull in $4 million over the last year. Vodianova runs the Naked Heart Foundation, a charity that raises money to provide playgrounds in Russia.

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#10. Candice Swanepoel: $3 million

New to the list, the 22-year-old South African beauty has caught the industry's eyes as one of Victoria's Secret's newest Angels.
Swanepoel is taking Europe by storm--she was the cover girl and star of an expansive spread in February's Italian Vogue. Also featured in True Religion ads, Swanepoel has been hailed as the world's next top model. She was recently the center of controversy when critics claimed she appeared "shockingly thin" at a Victoria's Secret swimsuit event next to curvaceous Angels Alessandra Ambrosio and Adriana Lima.