Eddie Murphy has been named the most over-paid actor in Hollywood.

The 51-year-old actor - whose recent films Imagine That, A Thousand Words and Meet Dave were all labeled flops - is reportedly no longer popular at the box office despite being paid a huge amount of money to star in huge number of movies. According to Forbes magazine, for every $1 Eddie was paid for his last three movies, they returned an estimated average of $2.30.

His movie Tower Heist, which was released last year also failed to wow audiences and earned just over double its budget of $75 million.

Earlier this year, Eddie revealed he is in talks to make a Beverly Hills Cop TV show. One of the comedian and actor's best loved roles was as wise cracking detective Axel Foley in the three action/comedy films of the late 80s and he's working on bringing him back. "What I'm trying to do with Beverly Hills Cop now is produce a TV show starring Axel Foley's son, and Axel is the chief of police now in Detroit. I'd do the pilot, show up here and there," he said.

According to the magazine, a movie has to earn twice its production budget in ticket sales, plus the millions spent on marketing, to be considered a financial success.

Katherine Heigl came second in the list of most overpaid stars as her most recent film One For The Money earned just $37 million and cost $40 million to make. Reese Witherspoon - who recently gave birth to her third child - also failed to lure audiences to the theaters this year. Other surprising actors on the list include Sandra Bullock and Jack Black.