Will Smith has been crowned the highest earning actor in Hollywood, with a fortune of $80 million.

The Hancock star came first in the Forbes ranking to find the best paid actor of last year.

Cameron Diaz was Hollywood's highest earning actress with a fortune of $50 million, with Keira Knightley and Jennifer Aniston in second and third place with $32 million and $27 million respectively.

Coming in behind Smith was Pirates of the Caribbean star Johnny Depp who got paid a whopping $72 million.

The top five paid actors from June 07 to June 08 were rounded out by Eddie Murphy and Mike Myers who took home $55 million each and Leonardo DiCaprio who pulled in $45 million.

The full list of Hollywood stars' pay cheques are as follows:

1. Will Smith - $80 million
2. Johnny Depp - $72 million
3. Eddie Murphy - $55 million
3. Mike Myers - $55 million
5. Leonardo DiCaprio - $45 million
6. Bruce Willis - $41 million
7. Ben Stiller - $40 million
8. Nicolas Cage - $31 million
9. Will Ferrell - $31 million
10. Adam Sandler - $30 million.