Gisele Bundchen's contract with Victoria's Secret is not being renewed. The rumor is that she was asking too much (more than $5 million) and that they felt they have better looking younger models to take her place this year. Page Six broke this story today.

Just how old is Gisele? She'll turn 27 this July. She has been the most famous and highly paid model in the world during her modelling career so far. See a video of her amazing catwalk career here.

Below is a video highlighting Gisele Bunchen at the Victoria's Secret Lingerie Show a few months ago. It looks like this was her last appearance at this annual 'Super Bowl' of all lingerie shows.