7. Gigi Hadid: $9.5 million

At the tender age of 22, Gigi has became one of the highest paid models with an estimated earning of $9 million. Her ascendance on the list is partly owing to deals with Maybelline, Tommy Hilfiger, BMW, and Topshop. Ranked amongst Top 50 Models at Models.com. In addition, she was named International Model of the Year 2016 by the British Fashion Council.