Bundchen grossed over $30 million from June 2015 to June 2016 and has remained the highest-earning model since 2002 thanks to lucrative deals with Chanel, Carolina Herrera, and Pantene. Bundchen also boasts her own line of lingerie and skin care, which help keep her at the top of the pack.
In second place is Victoria's Secret's longest-running Angel, Adriana Lima, with $10.5 million, her largest annual paycheck to date. In addition to runways and catalogs, Lima lends her face to Maybelline and IWC watches.
Third-place Jenner used social media to propel her career -- boasting more Instagram followers than any other model on the list -- and to generate a 150% increase in her earnings for 2016. Deals with Estee Lauder and Calvin Klein have earned Jenner $10 million, making her the list's biggest gainer year over year. Jenner has also used her reality star fame to launch a swimwear line with sister Kylie.
Karlie Kloss tied with Jenner for third, with the most campaigns, working for 18 brands in the last year. Kloss Express, L'Oreal, and Swarovski deals helped her double her earnings since 2015.
Gigi Hadid and Rosie Huntington-Whiteley each earned $9 million to land at No. 5. They lead the list of newcomers that include other Victoria's Secret models Lily Aldridge, Jasmine Tookes, and Taylor Hill who, at 20, is the youngest to nab a spot on the list.