London: Supermodel Gisele Bundchen is making headlines for something she has never done yet, but will be doing it soon by joining the billionaire club. The Brazalian beauty is on course to become the world's first billionaire model, according to Forbes magazine.

Bundchen has been named as the first women to earn the figure, according to US currency rates, which will include her earning from modelling work, endorsement deals and design work.

In addition to campaigns for Swedish high street brand H&M and Italian fashion brand Versace, the 30-year-old has also made millions by selling 250 million pairs of her flip-flops for the Ipanema brand.

Last month, Gisele was named the highest earning model in the world for the seventh year in a row, reports a website.

She is thought to have earned $45 million over one year, after becoming the face of hair care brand Pantene in March 2010.