Watch out, Oprah! This year Angelina has the power.

Angelina Jolie nabbed the No. 1 spot on Forbes' 2009 Celebrity 100 list, the magazine announced Wednesday, topping Winfrey who slipped to No. 2 after two consecutive years at the top. According to the magazine, wealth is only one factor in determining the most powerful celebrity, and Jolie's $27 million in earnings last year combined with her fame determined her ranking. (Interestingly, Winfrey grossed $275 million in 2008.)

Rounding out the top 5 positions in Forbes' rankings: Madonna, whose Hard Candy tour and $110 million income landed her the No. 3 slot; Beyoncé is No. 4; and Tiger Woods fell to No. 5 on the list, down from No. 2 last year.

Notable newcomers to Forbes' power list include Taylor Swift (No. 69), fellow country star Toby Keith (No. 59) and 30 Rock star Alec Baldwin (No. 91).

Meanwhile, Barack Obama (No. 49) became the first sitting head of state to appear on the list. The reason? His historic election made him the most famous person in the world, Forbes says, and also increased his book sales.

See the full list here