Buoyed from being named the most beautiful woman in the world by People magazine, Gwyneth Paltrow stole the show at the Iron Man 3 premiere in Hollywood, California, on Wednesday night (April 24, 2013). The 40-year-old mother of two wore a partially sheer gown as she walked down the red-carpet, making it somewhat obvious that she, err, wasn’t wearing underwear.

Paltrow played down the ‘most beautiful’ tag at the premiere, telling the Associated Press, “It's funny, these things, because it's like obviously not true. But it's very sweet to be named that…Because I mean you can't say that, you know! But it's been wonderful. It's been very wonderful. And as my friend said, it's so nice that someone who has kids and is a mom and is not like 21 is named that. It's really an honor.”

It’s a fair point, and Paltrow tops a curious list for this year, with the likes of Pink, Jane Fonda and Drew Barrymore also in the Top 10. The Django actress Kerry Washington came in second place, while various heavyweight names were left out. We can’t say we’re surprised by Paltrow getting the top spot this year – she’s coincidentally got a massive movie to promote.

The actress stars as Pepper Potts, Tony Stark’s love interest and assistant-turned-business partner in Iron Man 3, though her co-stars say she thoroughly deserves the title. “Completely justified. Completely justified. She's gorgeous,” said Guy Pearce. “Let me tell you: She is as gracious and beautiful inside as she is outside. She's got a good heart. She's got a good heart. A lovely girl,” said Ben Kingsley.

Gywneth Paltrow Iron Man 3 PremiereGwyneth Paltrow At The 'Iron Man 3' Premiere

So why did Paltrow end up scooping the award? Earlier this month Washington Post style writer Monica Hesse essentially predicted her place at No.1, writing, “There are other celebrities in America who are more clueless, more doe-dazed than Gwyneth. But they don’t lay themselves bare the way she does, nakedly offering herself up for scrutiny again and again, a flayed fillet of fame. In 2008 she was just an actress, a good one, the Oscar-winner in the Pepto ball gown, who seemed coltish but kind. Then she launched Goop, billed as a way to help readers save time, simplify their lives, feel inspired and generally share “all of life’s positives.”

Gwyneth Paltrow Iron Man 3 PremiereGwyneth Paltrow Went Sans Underwear At The Iron Man 3 Premiere

Gwyneth Paltrow stars in Iron Man 3, which hits theaters in the U.S. on May 3, 2013 and is likely to break records as the biggest movie of 2013. It should smash the opening weekend record set by Oz the Great and Powerful, a cool $79,110,453.

Gwyneth Paltrow Iron Man 3 PremiereGwyneth Paltrow Iron Man 3 Premiere
Gwyneth Paltrow Had Been Named The World's Most Beautiful Woman Just Hours Before The Iron Man 3 Premiere

Watch Gwyneth Paltrow in the Iron Man 3 Trailer Below!