Bar Refaeli beats Olivia Munn for the top spot and Stephen Colbert is the first male to make the list, while Jennifer Lopez fails to make the top 20.

Maxim readers have chosen their annual 'Hot 100' of the most beautiful women and let's just say it's a surprising list.

Leo DiCaprio's ex-girlfriend Bar Refaeli came in at no. 1, knocking off last year's winner Rosie Huntington-Whiteley, who only made the list at no.11. (See also - Models turned actors: The good, bad and horrendous)

However, the biggest surprise has to be Stephen Colbert coming in at no. 69 on the list, making him the first male celeb to make the Hot 100 club.

Other hotties who made it to the top 100 include Zooey Deschanel (no. 41), Katherine McPhee (no. 54), and Pippa Middleton, who made it to no. 81. Rounding up the top five are Olivia Munn, Mila Kunis, Katy Perry and Olivia Wilde.

Click through the thumbnails to see the top 20 most beautiful women, asvoted by Maxim readers.
Leave a comment below: Do you agree with the list?

See also:

• Revealed: FHM's Sexiest Women in the World 2012
• Forbes' most powerful celebrities list 2012
• Models turned actors: The good, bad and horrendous

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