It may have been a rough year for superstar Sandra Bullock on the personal front, but she has come out on top as she has become the highest paid actress in Hollywood. The Academy award winning actress saw off competition from Reese Witherspoon and Cameron Diaz to top Forbes magazine's
best-paid actress list.

The Oscar winner, 46, has been named Hollywood's highest-paid actress by Forbes magazine, with an estimated $56 million in earnings from June 2009 to June 2010.

Forbes compiled the list after calculating their upfront fees for movies, back-end box office profits and money earned from signature perfumes, clothing lines and other endorsements.

The Oscar-winning-actress took a lower fee than usual to star in 'The Blind Side' in exchange for a larger share of the film''s profits, a gamble that paid off

Bullock, who was the eighth most powerful star in the magazine's annual Celebrity 100 list, sits at the top for a good reason: Her romantic comedy The Proposal grossed $320 million at the box office on a $40 million budget and The Blind Side scored an impressive $310 million.

Securing Bullock's top spot were her roles in The Proposal and The Blind Side, which won the star her first Oscar last year (09), for best leading actress.

Witherspoon and Diaz followed, each earning $ 32 million.

The pair is followed by Jennifer Aniston in fourth place with $ 27 million and Sex and the City star Sarah Jessica Parker, who ranks fifth on the list with $ 25 million.

Source: Press Release