We knew this day would come. Julia has been a bit absent from the movie world anyway. Besides were happy to report it's Reese who is going to beat her record as the highest paid actress.

Actress Reese Witherspoon has surpassed Hollywood superstar Julia Roberts to become the highest paid actress of all time.

The Walk the Line star will earn $29 million for upcoming horror film Our Family Trouble--beating the $24 million 38-year-old Roberts was reportedly paid for Mona Lisa Smile.

The 29-year-old is widely tipped to win the Best Actress award at Sunday's Academy Awards ceremony for her acclaimed role in the Johnny Cash biopic.

Now she just needs her Oscar to make it totally official. Go Reese!