Oprah Ranks No.1, While Tiger Woods Ranks No.21 On Forbes Highest-Paid Celebrities

Oprah Winfrey
$165 million
The media mogul's earnings fell by a staggering $125 million from last year. However, even with the drop, she remains the highest earner on the list, just inching out director Michael Bay. It's been a challenging year for Winfrey, who signed off from her 25-year syndicated show and immediately turned her attention to struggling cable network OWN. The bulk of the earnings dive comes from lost income on The Oprah Winfrey Show, but her diversified portfolio includes O: The Oprah Magazine, spin-off shows like The Dr. Oz Show and a radio deal with Sirius. She does not earn a salary at OWN, which has faced ratings disappointments and financial issues since it premiered in Jan. 2011. As chairman and CEO of the joint venture with Discovery Communications, she hopes a recent restructuring, new programming and a distribution deal with Comcast will turn the network around.

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‘WHY I INTERVIEWED THE KARDASHIANS’ – OPRAH

Kim Kardashian and Oprah

TV host Oprah Winfrey has opened up on why she interviewed the Kardashian family.

In a statement released on her blog, Oprah says she ‘genuinely wanted to know why they have become a cultural phenomenon’.

‘Ok my friends I had the longest interviewing session I can ever recall, talking to ALLLLLLLL the Kardashians. I had never met them, nor seen the show. I did a full on Kardashian Kram in preparation, watching major shows from every season. Why do so many people love to watch their every move and why do so many others love to hate them. Are they completely ego centered? Are they really “famous for being famous” or is there something more?’, Oprah said.

The interview will air on ‘Oprah’s Next Chapter’, Sunday, June 17 (today), 2012 and will be followed with a second part of Winfrey’s interview with rapper 50 Cent.

Paris Jackson on Her Dad, Bullies, Security Detail

Paris Jackson (L) and Oprah Winfrey in Los Angeles, California

Three years after Michael Jackson's death, his daughter Paris Jackson says she's still coping with his loss but also dealing with grown-up problems like having a security detail and coping with bullying, reports ABC News.

"I just like, remember something, and I smile," she told Oprah Winfrey in the interview which aired on "Oprah's Next Chapter" Sunday night.

The 14-year-old invited Winfrey into her home and her life, and in many ways, she's like any other teenager. She's switched from homeschooling to attend high school, hangs out with friends and