Kristen Stewart has been named Hollywood's highest-paid actress.

The Twilight Saga actress earned a reported $34.5 million over the last year, narrowly beating Cameron Diaz—who earned $34 million—to the top slot in Forbes magazine's annual list.

Kristen's earnings came from her $12.5 million salary plus profit share for both installments of The Twilight Saga: Breaking Dawn Parts I and II, and also her role in Snow Whit and the Huntsman.

Cameron's earnings came from her salaries for Bad Teacher, The Green Hornet, and What to Expect When You're Expecting.

Sandra Bullock was placed third in the list, for the $25 million she earned for forthcoming movie Gravity, as well as profits she is still making from 2009 film The Blind Side.

Rounding out the top five are Angelina Jolie with $20 million and Charlize Theron with $18 million.

Julia Roberts placed sixth with earnings of $16 million over the period May 2011 to May 2012, $1 million more than seventh placed Sarah Jessica Parker.

The Iron Lady star Meryl Streep and Bridesmaids actress Kristen Wiig took joint eighth place with earnings of $12 million, while Jennifer Aniston completed the top 10 with $11 million.

Hollywood's highest-paid actresses according to Forbes magazine:

1. Kristen Stewart, $34.5 million
2. Cameron Diaz, $34 million
3. Sandra Bullock, $25 million
4. Angelina Jolie, $20 million
5. Charlize Theron, $18 million
6. Julia Roberts, $16 million
7. Sarah Jessica Parker, $15 million
8 = Meryl Streep, $12 million
8 = Kristen Wiig, $12 million
10. Jennifer Aniston, $11 million