The star had a public fall-out with the show's creator Chuck Lorre earlier this year (11) following months of bizarre behaviour and he was eventually fired in March (11).
Ashton Kutcher took over the lead role in the hit show, but Sheen still managed to top Forbes.com's recent rich list.
Sheen pulled in earnings of $40 million (£25 million), making him the highest paid TV actor between May, 2010 and May, 2011.
He is followed by Ray Romano, who earned $20 million (£12.5 million) for his now axed Men of A Certain Age.
Steve Carell is in third with his $15 million (£9.3 million) pay cheque from The Office, with NCIS star Mark Harmon coming in fourth with $13 million (£8.1 million).
Sheen's former co-star Jon Cryer and former CSI actor Laurence Fishburne were joint fifth with $11 million (£6.8 million) each.
Also in the top 10 were Grey's Anatomy's Patrick Dempsey ($10 million/£6.2 million), The Mentalist star Simon Baker, House's Hugh Laurie and Law & Order: SVU star Christopher Meloni all tied with $9 million (£5.6 million).