This is the first time I have seen Mary Kate without her high, high heels on in a very long time!

She’s leaving the set of Weeds, which she guest-stars on next season.

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Forbes magazine has released its annual list of the top 100 most powerful celebrities, but not every boldface name made the cut.

Paris Hilton and Nicole Richie fell off the 2007 list, thanks to waning interest in their reality series The Simple Life.

Mary-Kate and Ashley Olsen, who had been steadily climbing the ranks from 2002 to 2006, were also left off the list.

“They no longer have the tween fashion cachet,” Forbes’ associate editor Lea Goldman tells USA Today.

She added: “The stock is down on their brand.”

Oprah Winfrey, who consistently cracks the top 10 with earnings of $260 million a year, is in first place this year.

While compiling the list, Forbes considers income, while also taking into account factors such as media interest and the number of friends on stars’ MySpace pages.

Lindsay Lohan was on the list for two years, but dropped off in 2006. Britney Spears, who was ranked No. 1 in 2002, bowed out the following year and hasn’t been back since.

Blockbuster actors cleaned up this year, with Pirates of the Caribbean star Johnny Depp, who earned $92 million last year, coming in at No. 6. and The Da Vinci Code’s Tom Hanks leap-frogging from No. 31 to No. 11.

Brad Pitt finally made it into the top 10 for the first time with a No. 5 ranking.

Meanwhile, child stars are fast on the heels of their adult contemporaries. Harry Potter stars Daniel Radcliffe (No. 79) and Emma Watson (No. 97) join the list for the first time, along with Dakota Fanning (No. 94).

“We’re seeing young kids bringing in adult salaries,” Goldman says.

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In order: above, Mary Kate & Ashley Olsen (how freaky have they gotten?!), Elisha Cuthbert, Debra Messing, Hugh Dancy and Claire Danes, Heidi Klum, Alicia Keys, Chloe Sevigny, Kate Bosworth, Petra Nemcova, Eva Mendes & Uma Thurman.

Mary-Kate Olsen is returning to television with a co-starring role on Showtime’s dark comedy “Weeds.”

On the Lionsgate-produced show, Olsen will play Tara, a devoted Christian girl living in the newly developed megachurch community Majestic who becomes a love interest for Nancy Botwin’s (Mary-Louise Parker) son Silas (Hunter Parrish). Olsen will appear in 10 of the 15 episodes of the show’s third season.

“I’m thrilled to be a part of the show,” Olsen said. “It’s really an honor to be a part of such a talented group of actors and writers.”

“Weeds” marks Olsen’s first major solo role. Since their debut on ABC’s hit comedy series “Full House” at age 9 months, Olsen and her twin sister, Ashley, have starred together in a string of kids and tween-oriented series and movies for television and video.

Olsen’s role on the edgy Showtime series about a pot-dealing mom (Parker) also is a departure from the wholesome, PG characters she and her sister have played and opens a new chapter in her acting career.

“‘Weeds’ isn’t your 8 o’clock family fare,” series creator and executive producer Jenji Kohan said. “It’s an adult show with adult subject matter, and we’re confident Mary-Kate is right for the role. She came in and read with Hunter and was absolutely charming and real and seemed like a great fit. Audiences have seen only one side of Mary-Kate, but here we’ll see her in a whole new light.”

In addition to Olsen, joining the “Weeds” cast this upcoming season is previously announced Matthew Modine (HR 5/4). The series’ Season 3 premieres Aug. 13.

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