Indian cricket captain Mahendra Singh Dhoni, with earnings of USD 31.5 million, has been ranked at 16th place on Forbes' list of 100 highest-paid athletes, which has been topped by iconic golfer Tiger Woods.

The magazine said 31-year-old Dhoni moved up 15 positions this year. In 2012, he was placed at 31st position.

The influential business magazine estimated that Dhoni made USD 31.5 million over the last year from prize money and endorsements.

37-year-old Woods of America made USD 78.1 million followed by Swiss Tennis star Roger Federer at USD 71.5 million. Kobe Bryant, American professional basketball player, is third at USD 61.9 million.

Federer, 31, had topped the 2012 list. This year's list features just three women led by Tennis ace Maria Sharapova, who ranks No 22 with earnings of USD 29 million.

Sharapova is joined by No 68 Serena Williams, who raked in USD 20.5 million, including USD 8.5 million in prize money.

While China's Li Na ranks 85th overall with earnings of USD 18.2 million.