Rachael Ray went from scraping together the rent as a candy counter girl to a multi-millionaire with her own talk show, cooking show(s), magazine, and books that have sold more than 4 million copies. She's also spawned a lingo all her own. (EVOO for Extra Virgin Olive Oil has entered the popular vernacular). All this in a little under ten years.

How cool is that?

Love her or hate her, Rachael Ray, she of the perky smile and Girl-next-door demeanor, gets major points for translating her love of cooking into a multi-million media empire. People can't seem to get enough of her "regular gal" persona. But her bubbly personality masks some serious business savvy.

Using her mentor Oprah Winfrey as a blueprint, Ray has expanded out of the kitchen this year into many other avenues. Her one-hour daytime talk show, The Rachel Ray Show, is patterned after the perennially popular Oprah Winfrey Show, and was the only syndicated daytime talk show launched in 2007 to be renewed. Her Food Network shows continue to be among the most popular on the channel.

She also cooked up some lucrative endorsement deals with name brands such as Dunkin Donuts and Nabisco -- now owned by Kraft Foods (NYSE: KFT). These media venues help feed her magazine (Every Day with Rachel Ray) and cookbook sales.

These are like the cherry on top of the $16 million Ray took home this year, according to Forbes magazine. By some estimates, Ray's net worth is touching $100 million, but that's hard to verify. One thing's for sure, this gal doesn't need to get out of the kitchen; she's proving that she can stand the heat.

Be sure to check out more Money Winners of 2007.

Money Winners of 2007: For Rachael Ray, success sizzles originally appeared on BloggingStocks on Sat, 15 Dec 2007 11:10:00 EST. Please see our terms for use of feeds.

This post was part of AOL Money & Finance's Best & Worst of 2007 feature. Voting has now closed and readers have chosen Oprah Winfrey as the most overpaid celebrity of the year. Be sure to let us know in the comments if you are pleased with this result.

Oprah Winfrey returns to our Most Overpaid Celebrity category after having lost the title to Paris Hilton last year. For 2007 she is joined by overpaid celebrities Madonna, George Lopez, and Russell Crowe.

Winfrey, Madonna, and Lopez all made the Forbes Celebrity 100, a ranking of Hollywood players by pay, influence, and popularity. Winfrey, of course, comes in at number one, both in terms of pay and power. Madonna's earnings placed her at number nine on the list, while Lopez came in at number fifty-one.

Forbes estimates Winfrey's earnings at $260 million last year, and her net worth in the area of $1.5 billion, making her the nation's wealthiest African American. She'll be adding two new reality shows to her media empire, which already includes a blockbuster daytime talk show, satellite radio show, magazine, and Broadway musical, as well as stakes in hit shows by Dr. Phil McGraw and Rachael Ray. The school for girls she founded in South Africa has drawn much media attention this year, and she's recently endorsed Barack Obama's presidential campaign. Winfrey has been called the world's most powerful woman, the most influential woman in the world, one of the most influential persons of the 20th century, the world's first black woman billionaire, and the greatest pop culture icon of all time. Can any mortal person live up to all that hype?

Continue reading Best & Worst of 2007: Most overpaid celebrities

Best & Worst of 2007: Most overpaid celebrities originally appeared on BloggingStocks on Sat, 01 Dec 2007 17:10:00 EST. Please see our terms for use of feeds.