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Forbes listed Hollywood's highest-earning actors on Monday with Leonardo DiCaprio and Johnny Depp on top.

"Hollywood careers are built on smart (and not always obvious) choices, and DiCaprio and Depp are living proof of that," Forbes said in its annual look at the film world's best-paid stars.

DiCaprio grabbed the first spot by earning US$77 million between May 2010 and May 2011.

Depp earned US$50 million, landing on the second spot. Adam Sandler, who earned US$40 million, captured the third spot while Will Smith and Tom Hanks were close behind, at US$36 million and US$35 million.

Forbes compiled the list based on earning after speaking to agents, lawyers, producers and industry insiders to estimate what each actor earned for the year that ended May 1.

DiCaprio, who vaulted from fifth to first place, had two box-office hits last year, "Shutter Island" and "Inception," which earned more than US$1 billion.