Russian tennis star Maria Sharapova tops the list having raked in $24.5 million over the past year, the most of any female athlete according to the magazine.

American tennis sisters Serena and Venus Williams came in second and third respectively in the list - Serena second with $20.2 million in earnings, and Venus third with $15.4 million.

US IndyCar driver Danica Patrick was fourth with $12 million, South Korean figure skater Kim Yu-na ($9.7 million) was fifth and Swedish golfer Annika Sorenstam was sixth with $8 million.

Fellow golfers Paula Creamer, of the US, with $5.2 million, and Mexican Lorena Ochoa with $5 million rounded out the list.

TOP EARNERS

1: Maria Sharapova made $24.5 million over the past year.

2: Serena Williams is second with $20.2 million in earnings

3: Venus Williams is third with $15.4 million in earnings

4: Danica Patrick earned $12 million

5: South Korean figure skater Kim Yu-na earned $9.7 million

6: Golfer Annika Sorenstam earned $8 million

7: Tennis player Ana Ivanovic of Serbia earned $7.2 million.

8: Tennis player Jelena Jankovic of Serbia earned $5.3 million.

9: Golfer Paula Creamer of the U.S. earned $5.2 million.

10: Golfer Lorena Ochoa of Mexico earned $5 million.