(Cover) - EN Showbiz - Leonardo DiCaprio has been named Hollywood's highest paid actor by Forbes magazine.

The 36-year-old Titanic star earned $77 million between May 2010 and May 2011.

He beat out last's year top earner Johnny Depp who fell to second place with earnings of $50 million in the same time period.

"DiCaprio always gets a healthy upfront fee to appear in movies," reports Forbes. "But with [Shutter Island and Inception], he also got a solid chunk of the profits."

In third place was Adam Sandler with $40 million, Will Smith came in at fourth place with $36 million and Tom Hanks rounded out the top five with pay cheques totalling $35 million.

Leonardo's earnings were more than double that of the highest paid female stars in Hollywood.

Sarah Jessica Parker and Angelina Jolie both earned around $30 million each for the same time period.

1. Leonardo DiCaprio - $77 million

2. Johnny Depp - $50 million

3. Adam Sandler - $40 million

4. Will Smith - $36 million

5. Tom Hanks - $35 million

6. Ben Stiller - $34 million

7. Robert Downey Jr. - $31 million

8. Mark Wahlberg - $28 million

9. Tim Allen - $22 million

9. Tom Cruise - $22 million

10. Jim Carrey - $20 million

10. Daniel Craig - $20 million

10. Robert Pattinson - $20 million

10. Brad Pitt - $20 million (C) Cover Media