Mary-Kate and Ashley still raking it in

No surprises here - Mary-Kate and Ashley Olsen have been named the richest Hollywood stars under 21 by Forbes mag. Dualstar, the twins's company, pulled in close to $40 million in 2006. Harry Potter actor Daniel Radcliffe landed in second place on the list, earning an estimated $13 million last year, and rounding out third was tabloid fav Lindsay Lohan. Also in the top ten were Dakota Fanning, Amanda Bynes, Hayden Panetierre, Vanessa Anne Hudgens, Abigail Breslin, Tyler James Williams and JoJo Levesque.

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Mary-Kate waxes "poetic" about a red bag

Mary-Kate Olsen wrote a "stellar" piece for the New York Times about this red bag belonging to sister Ashley:

"Timeless
Brand Loyalty
by Mary-Kate Olsen

I have a large, red quilted Chanel bag that I borrowed from my sister, Ashley. I wore it to an event and never gave it back. Luckily, she's moved on to another bag, so I'm safe for now. I'm not quite sure how many bags I have, but let's just say I have a few. When I find a bag I like, I tend to wear it to death until I become obsessed with another one. This probably happens three to five times a year. But I always come back to the Chanel. The size isn't overwhelming, and it has enough subtle detail to keep it interesting. I also have the smaller version in blue and in white, but the red is definitely my favorite. I don't have a stylist - I'd rather just do my own thing and put together my own outfits. The chain-handle bag is the perfect accent to almost any combination I come up with. I look at everything with a designer's eye, but I wouldn't change a thing about this bag. I think that's why it's a true classic."

Wow. Groundbreaking journalism. What was the point?

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Mary-Kate's ridiculous weight excuse

Mary-Kate Olsen is speaking out against new rumors that her eating disorder is back by blaming her...hair (!?). Olsen's rep explains her client's pin-thin figure by saying, "The blond hair she has now makes her look skinny." Olsen reportedly "still works with her therapist to keep her in line," said a source, after the mogul was diagnosed and treated for anorexia in 2004.

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Ashley Olsen splits with boyfriend

Ashley Olsen is rumored to have called it quits with her boyfriend of a year and a half, Greg Chait. It seems the 27-year-old Tsubi jeans owner's issues with commitment are to blame for the rift. "When they were together over the holidays, she told him she was looking for something more permanent," said a source close to Chait. "He wasn't ready for that. So they decided on an amicable parting." Olsen's rep has not commented.

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M-K takes her style cues from Johnny Depp

Mary-Kate Olsen has finally given some explanation to her bizarre hobo-inspired style. The 21-year-old multimillionaire, who seems to have a penchant for ripped leggings, scraggly hair and witchy boots, says her style icon is Johnny Depp. "Weirdly, I look to guys like Johnny Depp for style tips," Olsen told Bliss mag. "He just knows how to put things together and I love that scruffy rock look."

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