Certainly one of the hottest commodities in Tinseltown, Emma Watson has been named the highest paid female star in Hollywood.

According to a recently released list by Vanity Fair, the 19-year-old 'Harry Potter' star snatched the top spot while Sarah Jessica Parker came in second place.

It's estimated that Emma was tossed a whopping $30 million for her work on the final two 'Harry Potter' movies while co-star Daniel Radcliffe raked in a staggering $40 million for the two flicks.

LONDON - 'Harry Potter' stars Emma Watson and Daniel Radcliffe have been named highest paid actress and actor in Vanity Fair's list of 40 top Hollywood earners.

The two stars, both 19 years old, earned over $31 million (20 million pounds) and joined the list of Hollywood's top 40 earners compiled by Vanity Fair magazine. Watson is said to have banked more last year than established stars such as Cameron Diaz, Angelina Jolie and Sarah Jessica Parker.

london - 'harry potter' star emma watson was the highest paid female star in hollywood in 2009. the 'hollywood's top 40′ earners list compiled by vanity fair magazine has the beauty, who earned 20 million pounds, at the top among the women

"Harry Potter and the Half-Blood Prince" star Daniel Radcliffe talked to moviefone.com about how "awesome" it is that people think he's gay, Emma Watson's panties, and working with "Twilight" hunk Robert Pattinson.

Oh, and he also doesn't think there should be another "Harry Potter" film. Blasphemy or not?

On people thinking he's gay:

“I grew up around gay people my entire life, basically, that's possibly why I'm quite camp, and some people think I'm gay when I meet them, which I think is awesome.”

(CNN) -- It's been 10 years since Daniel Radcliffe, Emma Watson and Rupert Grint first hopped on the Hogwarts Express, and the three have done little else since.

Now that the ride will soon come to an end, the cast is trying to fathom a life without the Harry Potter films -- an understandable difficulty, considering that they've grown up along with their characters.

“Harry Potter” actress Emma Watson caused a stir at a recent event for the latest wizard flick when a gust of wind blew up her skirt, exposing the young star’s skivvies.

But much like her onscreen alter-ego Hermione Granger – Watson is staying calm and collected over the Marilyn Monroe-esque incident.

“At least I’m wearing underwear,” she said in an appearance on the “Late Show with David Letterman.”

For most 19-year-olds, deciding to attend college is a normal rite of passage. But Emma Watson hasn't lived anything close to a normal life since she was cast as Harry Potter's friend Hermione Granger at the ripe old age of 9.

Quicker than one could say "Expecto patronum!," her life was magically transformed into a decade-long succession of grueling days on movie sets, screaming fans and the constant glare of paparazzi flashes.

NEW YORK - When the "Harry Potter" film series is completed, its three young stars - Daniel Radcliffe, Emma Watson and Rupert Grint - will have inhabited their roles longer than Sean Connery played James Bond, Christopher Reeve was Superman or Jerry Seinfeld played himself on "Seinfeld."

Radcliffe, Watson and Grint have already effectively spent half of their lives in J.K.

Saving the wizarding realm is a breeze compared to navigating the world teen romance.

“Harry Potter” stars Emma Watson and Rupert Grint are used to the pressure of being a part of a internationally beloved franchise, but they’re now facing their most nerve-wracking challenge yet: an on-screen kiss.

The highly anticipated kiss between Hermione Granger and Ron Weasley takes place in the seventh and last book, “Harry Potter and the Deathly Hallows,” in J.K. Rowling’s hugely popular series.

Sorry, men of New York, you won't be able to work your magic moves on Emma Watson this fall!

The actress appeared on the "Late Show with David Letterman" Wednesday to promote her newest flick, "Harry Potter and the Half Blood Prince," and discussed her plans for attending school in the States.

When Letterman asked the actress about college, Watson, who plays Hermione Granger in the popular series, confirmed she would be coming to the U.S. this fall, but did not specify where.

I see London, I see France.I see Emma's underpants.

First she and her "Harry Potter and the Half-Blood Prince" co-stars - Daniel Radcliffe and Rupert Grint - had to brave heavy rains at the movie's world premiere in London on Tuesday.

And then she had a Marilyn Monroe-like wardrobe malfunction while walking the red carpet.

When Emma reached down to pick up the long, flowing skirt of her vintage gown to keep from stepping on it, the waist-high slit on the skirt opened, exposing Emma's nude-colored knickers to the world - and the paparazzi.

He was one wet wizard at Tuesday's world premiere of “Harry Potter and the Half-Blood Prince” in London, where the torrential downpours and thunder drenched series star Daniel Radcliffe.

"I'm feeling a bit guilty, to be honest, as I've made them wait in the rain," the star, 19, said about the fans, some of whom had camped overnight for a glimpse of him and costars Emma Watson and Rupert Grint, who recovered from a bout of swine flu to attend.

Emma Watson has spent half of her life playing Hermione Granger alongside Daniel Radcliffe and Rupert Grint in the "Harry Potter" series. But in a new interview on the BBC's "Friday Night with Jonathan Ross," the 19-year-old revealed kissing Rupert, who plays teen wizard Ron Weasley, was just about the most uncomfortable filming experience she's had in her career so far.

Los Angeles (E! Online) – UPDATE: An announcement has been posted on Watson's official website, denying the star's use of Twitter. While the notice does not disprove the star receiving an acceptance from Yale, it claims that she has not, in turn, accepted the spot.

Los Angeles (E! Online) – Forget Hogwarts. The real Hermione could be headed to Yale.

Apparently actress Emma Watson is as much a smarty-pants as her Harry Potter alter ego, revealing via Twitter that she has been accepted into the Ivy League.