Bullock, 50, earned $51million, most coming from her blockbuster movie, Gravity.
Her big payday over the past 12 months is largely thank to her work in the hit film Gravity, for which she received a best actress Oscar nomination.
The film, a festival of special effects, is about an astronaut's struggle to survive in orbit after the space shuttle is destroyed.
The blockbuster movie earned seven Oscars and $716 million.
Hunger Games star Jennifer Lawrence was the second highest paid actress over the past year, with $34 million.
Third place went to Jennifer Aniston, with $31 million, followed by Gwyneth Paltrow, who earned $19 million over the past year.
Tied for fifth place were Angelina Jolie and Cameron Diaz, each of whom earned $18 million dollars from June 2013 to June 2014
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