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Gisele Bundchen is world's highest-paid model for eighth consecutive year

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Gisele Bundchen has once again been named The World's Highest-Paid Model by Forbes magazine for 2014. The Brazilian beauty took the top spot for the eighth year in a row, having pocketed over $47million in the last 12 months. The supermodel far out-earned any of her peers, with Doutzen Kroes and Adriana Lima coming in equal second place with $8million.

Gisele Bundchen © Photo: Getty Images

Gisele Bundchen has topped the list for the eights consecutive year

Gisele's earnings are down to her many different projects in the fashion industry. Along with lucrative modelling contracts with H&M, Chanel and Carolina Herrera, the mother-of-two gets a cut of sales from jelly sandals she designs for footwear brand Grendene. Her line of Hope Lingerie, entitled Gisele Bundchen Intimates, also increases her earnings significantly, and she is also the face of Pantene hair products and Oral-B in Brazil.

second place © Photo: Getty Images

Victoria's Secret angels Doutzen Kroes and Adriana Lima came in joint second place

After Doutzen and Adriana, who are both Victoria's Secret models, joint third place goes to Kate Moss, Kate Upton, Miranda Kerr and Liu Wen, who all earned $7million over the last 12 months. British Kate is likely to get the majority of her earnings from a longstanding Rimmel cosmetics deal, along with campaigns for St Tropez self-tan and Kerastase haircare products. Kate Upton is the highest-ranked newcomer, thanks to contracts with Bobbi Brown, Sam Edelman, Accessorize and Express clothing.

third © Photo: Getty Images

Kate Moss, Kate Upton, Miranda Kerr and Liu Wen came in joint third place

The world's highest paid models of 20141. Gisele Bundchen - $US47 million ($50.85m) =2. Doutzen Kroes - $US8 million ($8.66m) =2. Adriana Lima - $US8 million ($8.66m) =3. Kate Moss - $US7 million ($7.57m) =3. Kate Upton - $US7 million ($7.57m) =3. Miranda Kerr - $US7 million ($7.57m) =3. Liu Wen - $US7 million ($7.57m) =4. Alessandra Ambrosio - $US5 million ($5.41m) =4. Hilary Rhoda - $US5 million ($5.41m) =5. Natalie Vodianova - $US4 million ($4.33m) =5. Carolyn Murphy - $US4 million ($4.33m) =5. Karlie Kloss - $US4 million ($4.33m) =5. Jourdan Dunn - $US4 million ($4.33m)