Oprah takes a $125million pay cut... But she's still world's highest paid celebrity

Oprah Winfrey's annual earnings fell by a massive $125 million last year, but she is still the world's highest paid celebrity.

The TV mogul earned a cool $165 million down from $290 million from a year earlier, according to Forbes magazine.

It means she tops the the magazine's list of high earning stars for a fourth consecutive time, but the gap at the top is closing fast.

Oprah's chatshow closed it's doors in 2011 after a 25 year run but her ownership of syndicated TV shows such as 'Dr. Phil,' 'Rachael Ray, 'The Dr. Oz Show' has kept her at the top of the league.

And next year, Forbes won't be including any of Winfrey's earnings from syndication, meaning she is looking more likely to loose the top spot.