Angelina Jolie, Oprah, Beyonce Top Forbes’ Celebrity 100

It's that time again. Forbes magazine has rolled out their annual Celebrity 100 list, ranking the world's most powerful celebrities.

While Oprah Winfrey seemed to have it in the bag, banking around $275 million last year, but she landed at #2 to Angelina Jolie who listed above the likes of Madonna, Beyonce, and hip-hop superstars like Jay-Z and 50 Cent.

Here's a rundown of some of the list's highlight's and why they were ranked this year, according to Forbes:

1. Angelina Jolie: Eclectic actress and gossip-column favorite dethrones media maven Oprah Winfrey atop this year's Celebrity 100. Jolie has always been able to attract tabloid attention and Oscar nods, but this year, she's finally figured out a way to make serious money. Her most recent blockbuster, Wanted, proved this mother of six's sweet spot is action films; the movie earned $340 million at the box office. Up next: Salt, in which Jolie plays a CIA officer accused of being a spy.

2. Oprah: Though viewership for the self-made billionaire's flagship chat fest, The Oprah Winfrey Show, continues to erode, her earning power remains resilient. In addition to Winfrey's monthly magazine, she has a three-year, $55 million contract with XM Satellite Radio. Her Harpo production company, which spawned the television careers of Dr. Phil and Rachel Ray, will introduce Dr. Mehmet Oz this fall. Months later, she will roll out the lifestyle-themed Oprah Winfrey Network in partnership with Discovery Communications.

3. Madonna: The queen of pop's Hard Candy album tour became the top-grossing international tour of 2008, bringing in $280 million on 58 concerts in 17 countries. Keeping the 50-year old star's name in the papers: a reported love affair with allegedly juiced baseball slugger Alex Rodriquez, the end of her eight-year marriage to director Guy Ritchie, and trouble with her latest attempt to adopt a second African baby.

4. Beyonce: In the last year, Queen B dropped a double album, starred in two films, performed at both the Oscars and a Presidential Inaugural Ball and embarked on what is expected to be, at minimum, a 110-date international tour. She also expanded a fashion collection that includes casual and formal lines as well as jewelry and eyeglasses, and added sponsors Nintendo, Crystal Geyser and General Mills to a roster of endorsers already including L'Oréal, Giorgio Armani and Samantha Thavasa handbags.