Talk show queen Oprah Winfrey has topped the list of World's Highest Paid Celebrity by earning a whopping $165 million in 2011. The TV titan has defeated noted directors Michael Bay and Steven Spielberg in the new Forbes magazine poll. Recently was also named the 11th most powerful woman in the world in another survey. Filmmaker Bay scored second place with $160 million due to the success of his latest Transformers movie, Dark of the Moon, which grossed more than $1.1 billion worldwide. Spielbergs total earning was $130 million, while fourth rank Hollywood producer Jerry Bruckheimers earning was $115 million followed by rap mogul Dr. Dre who stood at the fifth place with $110 million.