Forbes acknowledged Lady Gaga most powerful celebrity

Forbes Magazine announced its Annual Celebrity 100 list, which ranks the most powerful celebrities, and Lady Gaga was crowned at the top spot. She displaces Oprah, who held the title in 2010.

The mag cites Gaga's amazing $90 Million in annual income as one of the main reasons for her rise to the top, but that's only part of her empire. Gaga's 32 Million Facebook fans and 10 million Twitter followers are what make her an undeniable influence in entertainment. With just a few lines of text, Gaga has the potential to interact with and influence millions of people, BuzzFocus.com reports.

Oprah. The legendary talk show host earned $290 million last year - and that's a paycut from last year, where she earned $25 million more.

Teen superstar Justin Bieber is a notable addition to the list, debuting at No. 3. The youngest member of the "Celebrity 100", he earned $53 million over the last year.

Leonardo DiCaprio also has a reason to be happy with Forbes - he had the biggest climb this year, going from No. 71 all the way up to No. 15 due to huge hits 'Shutter Island' and 'Inception'.

But by far it is the musicians who rule the 2011 list, with U2, Elton John, Taylor Swift and Bon Jovi all cracking the top 10, Entertainment Tonight News says.