oprah 107561672 Oprah Tops Highest Paid Celebs List Again

Oprah Winfrey waves while taping her show at the Sydney Opera House in Australia. (credit: Brendon Thorne/Getty Images)

NEW YORK (CBS NEWS) – Oprah Winfrey leads the Forbes list of highest-paid celebrities for the fourth consecutive year, with an estimated $165 million earned between May 2011 and May 2012.

Although she wrapped her long-running talk show in 2011, the 58-year-old Winfrey continues to rake in big bucks thanks to her magazine, satellite radio show and her cable network OWN — not to mention her involvement with “Dr. Phil,” “The Rachael Ray Show” and “The Dr. Oz Show.”

Filmmaker Michael Bay landed in second place on the Forbes list with an estimated $160 million during the same period, based on earnings from “Transformers: Dark of the Moon,” which grossed more than $1.1 billion worldwide. In third place was director Steven Speilberg with an estimated $130 million. Not only was he behind four new TV series, but Speilberg also released the films “The Adventures of Tintin” and “War Horse” in 2011. Closing out the top five were filmmaker Jerry Bruckheimer with an estimated $115 million and rapper/producer Dr. Dre with $110 million.

Forbes determines the highest-paid celebrities based on upfront pay, profit participation, residuals, endorsements and advertising work. The magazine’s editors talk with managers, agents and lawyers to gather estimates. Click here to check out the complete list.

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