In a mixed year for Britons, Coldplay led the UK charge coming in at number 15 thanks to the success of their Viva la Vida album. There was, however, no room for chef Gordon Ramsay and Harry Potter writer JK Rowling, both of whom dropped off the list.
The Forbes celebrity power index is determined by annual earnings and media visibility. Winfrey was named top earner, taking home 275 million dollars (£168 million).
But she was beaten to the top by Jolie who despite earning less than a 10th of Winfrey’s wage was named most powerful celebrity due to her near omnipresence in the pages of tabloids and celebrity magazine.
Golfer Tiger Woods came in at fifth on the annual index – the only man represented in the top five.
Commenting on the list, Lacey Rose, senior reporter at Forbes, said: “It really was the year of the woman. What we see at the top of the list is tabloid-targeted people who command a big attraction through their artistic work and at the news stands.”
JK Rowling dropped off the list despite being the highest earner on last year’s list.