AC Milan star Kaka is the highest-paid soccer player in the world, according to a survey published Friday by France Football magazine.

France Football's list, which is based solely on a player's wages and doesn't take sponsorship deals into consideration, pegs Kaka's annual salary at $12.87 million Cdn. a season.

The 25-year-old Brazilian, who is the reigning FIFA world player of the year, signed a two-year contract extension on Thursday, keeping him tied to the Italian club until the summer of 2013.

Fellow Brazilian Ronaldinho is No. 2 on the rich list, earning $12.31 million a season with Spanish club FC Barcelona.

Soccer's 10 highest-paid players:

  1. Kaka, AC Milan ($12.87 million)
  2. Ronaldinho, FC Barcelona ($12.31 million)
  3. Frank Lampard, Chelsea ($11.71 million)
  4. John Terry, Chelsea ($11.71 million)
  5. Fernando Torres, Liverpool ($11.46 million)
  6. Andrei Shevchenko, Chelsea ($11.26 million)
  7. Michael Ballack, Chelsea ($11.26 million)
  8. Cristiano Ronaldo, Manchester United ($11.10 million)
  9. Thierry Henry, FC Barcelona ($11.10 million)
  10. Steven Gerrard, Liverpool ($11.10 million)