Bullock banks $56million

Sandra Bullock has been named Hollywood's highest paid actress.

According to Forbes, the star raked in 56 million dollars in 12 months, from her box office hits The Proposal and The Blind Side.

The number 2 spot is a tie between Reese Witherspoon and Cameron Diaz, both making $32 million, even though Witherspoon has not featured in a film since 2008. The Walk the Line star received advance fees for How Do You Know and Water for Elephants.

See R-Patz on the set of Water for Elephants

Diaz's earnings were from the Knight and Day and Shrek films, which have grossed $2.8 billion at the global box office.

The figures are based on earnings from June 2009 to June 2010.

Completing the top five were "Bounty Hunter" star Jennifer Aniston at $27 million and "Sex and the City's" Sarah Jessica Parker, with her $25 million.