The Brazilian beauty has topped the list compiled by Forbes.com for the third year running after making an impressive $US25 million ($31 million) from June 2008 to June 2009.
Despite raking in a fortune, Gisele - who married American football star Tom Brady in February - has been hit by the global economic crisis, making $US10 million ($12 million) less than in the previous financial year.
However, the 28-year-old catwalk queen still has lucrative campaigns with Versace, Dior, True Religion jeans and Ebel watches. She also has her own successful shoe line.