February 25, 2012 - Ethan Miller/Getty Images North America more pics like this »
5. Gwyneth Paltrow at the 2012 Oscars
Never one to play it safe, Gwyneth was an avant-garde goddess in Tom Ford's caped white gown. Styled by Elizabeth Saltzman, the actress wore this regal look to the 2012 Academy Awards, where she presented the award for "Best Documentary Feature."

Gwyneth teamed the dress with a loose, low ponytail that amped up the the minimalist-elegant vibe. To finish off her ensemble, she accessorized with a statement rose-cut diamond cuff and an eye-catching diamond and purple sapphire ring, both by Anna Hu.