Former Victoria's Secret angel Gisele Bundchen is set to become the globe's first billionaire model.

The Brazilian beauty - who is married to Tom Brady, with whom she has son Benjamin, 18 months - has been named by Forbes magazine as the first woman to earn the figure, according to US currency rates, due to a combination of modeling work, endorsement deals, and design work.

In addition to campaigns for Swedish high street brand H&M and Italian fashion brand Versace, she has also made millions for selling 250 million pairs of her flip-flops for the Ipanema brand. She also has a lingerie line and a beauty care range - Sejaa Pure Skincare - which is rumored to be for sale.

Last month Gisele was named the highest earning model in the world for the seventh year in a row. She is thought to have earned $45 million over one year, having become the face of hair care brand Pantene in March 2010 and pushing sales up in South America by 40 per cent.