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And the highest earning model in the world is...

Los Angeles - Gisele Bundchen has topped Forbes' list of highest-earning models.

The 35-year-old model - who announced her retirement from the runway earlier this year - made an astonishing $44m between June 2014 and June 2015, taking the top spot for the 14th year in a row.

All thanks to lucrative advertising campaigns for the likes of Chanel, Balenciaga, Carolina Herrera and Emilio Pucci, as well as profits from her Gisele Bundchen Intimates lingerie collection and the jelly sandals she designs for Brazilian shoemaker Grenden.

Her earnings are particularly astonishing as the second-placed models, Cara Delevingne and Adriana Lima, made a relatively-small $9m.

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A photo posted by Cara Delevingne (@caradelevingne) on

Doutzen Kroes took fourth place with $7.5m, just ahead of Natalia Vodianova, who rounded out the top five with $7m.

Miranda Kerr and Joan Smalls tied for sixth spot with $5.5m, while Karlie Kloss, Lara Stone, Alessandra Ambrosio and Candice Swanepoel all made eighth place by by bringing in $5m.

Elsewhere, Kendall Jenner - who took 16th spot with $4m - and Lithuanian model Edita Vilkeviciute, who placed 17th, were the only newcomers to the rankings.

yesterday with @esteelauder for the #TFFAwards?? #KJ4EL

A photo posted by Kendall Jenner (@kendalljenner) on

Gigi Hadid, Martha Hunt and Behati Prinsloo were among those who just fell short of the $3.5m needed to make this year's list.

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