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The magazine noted the media queen for "continuing to influence audiences around the world through her vast media empire, which earned her $275 million during the past year."
Tiger Woods ranked a close second with $115 million, making him the highest-earning athlete in the world.
Meanwhile, power couples Angelina Jolie and Brad Pitt and Beyoncé Knowles and Jay-Z made strong showings on the list, with the ladies pulling ahead of their beaus. Jolie came out above partner Pitt, who rounded out the Top 10. And, singer Knowles edged out her new hubby.
Miley Cyrus, Zac Efron, and the Jonas Brothers were among those who claimed spots in the new "tween" category. Other noticeable newcomers include The Hills star Lauren Conrad and Sex and the City's Sarah Jessica Parker, who's been all the buzz since her show's big screen success.
Forbes bases its rankings largely on celebrity earnings, but also media coverage.
The Forbes Top 10
1. Oprah Winfrey
2. Tiger Woods
3. Angelina Jolie
4. Beyoncé Knowles
5. David Beckham
6. Johnny Depp
7. Jay-Z
8. The Police
9. J.K. Rowling
10. Brad Pitt
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