The 40-year-old actress was named as the most beautiful woman in the world by People magazine, reported E! online.
"Oh, lord. It's very sweet and I'm so embarrassed, but I'm so happy. It's so weird. It's crazy. It's very sweet. I'm so flattered. I'm thrilled. It's like the American version of a knighthood basically. My title just got longer," Paltrow said.
Other stars who have made to this year's list include Jennifer Lawrence, Halle Berry, Drew Barrymore, Kerry Washington, Jane Fonda, Amanda Seyfried, Zooey Deschanel, Kelly Rowland, Pink among others.