Gisele is reportedly ready to sign a new contract with a jewellery design house which could give her the opportunity to design a signature line herself.

She is closely followed by Heidi Klum who raked in $7.5 million. Her highest profile project is the fashion reality television show Project Runway on which she is executive producer and presenter. The show has recently been nominated for an Emmy.

Although Kate Moss came in at number 4 with $5 million, she has to be a serious contender to climb up the list.

Moss has already quadrupled her earnings in 2006 since she made a fashion comeback after pictures of her allegedgy snorting cocaine were published in September 2005.