Despite all the talk about how the OWN Network is under performing, the network still generated enough revenue to keep its creator, Oprah Winfrey, at the top of Forbes highest paid celebrity list. From May 2011 to May 2012, Winfrey earned $165 million. Earlier this year while on CBS’ Early Show, Winfrey told her friend Gayle King, “If I were writing a book about running a network, I could call the book 101 Mistakes.” Number Two on the list was Michael Bay, who earned $160 million, largely from the $1.1 billion Transformers: Dark of the Moon, earned worldwide.

Number Three was Steven Spielberg with $130 million, followed by Jerry Bruckheimer with $115 million and hip hop super producer Dr. Dreat Number Five with $110 million from the sale of his Beats By Dre headphones.

Tyler Perry, Howard Stern, James Patterson, George Lucas and Simon Cowell round out the Top Ten.

Photo Courtesy of people.com