Gisele Bundchen is the world's highest-paid model for the eighth year in a row.

The Brazilian beauty, 34, is reported to have earned $47 million last year to top Forbes magazine's annual list, thanks to her contracts with Chanel, H&M, Carolina Herrera and her deal with shoemaker Grendene, for whom she designed a range of jelly shoes.

Adriana Lima and Doutzen Kroes took joint second place, raking in around $8 million each, while the oldest model on the list, Kate Moss, 40, came in third place, along with Miranda Kerr, curvy Kate Upton and Liu Wen, who all took home around $7 million.

Hilary Rhoda and Alessandra Ambrosio came in in fourth place with $5 million.

The list - which has been extended to include the earnings of 21 supermodels - also includes Brits Jourdan Dunn and Cara Delevingne.

While model of the moment Cara earned a reported $3.5 million through working with luxury labels including Mulberry, Burberry, Yves Saint Laurent beauty and DKNY, she was beaten to the 5th spot by her close pal and mother of one Jourdan who took home $4million to match Karlie Kloss, Carolyn Murphy and Natalia Vodianova.

Polish model Anja Rubik also earned $3.5 million to land the 6th spot with Cara, 22.

Finishing off the list is Joan Smalls, Candice Swanepoel, Erin Wasson, Erin Hetherton, Lindsey Wixson and Daria Werbowy with $3 million each.