04/25/2012 09:53 am ET Updated Apr 25, 2012

Rihanna And Tyra Banks Among Best-Dressed Stars At TIME 100 Gala (PHOTOS)

The stars were out and shining at the 2012 TiME 100 gala on Tuesday night in New York City.

Model-turned-mogul Tyra Banks and "Good Girl Gone Bad" singer Rihanna were on hand to fete the annual party that honors TIME's picks for the “100 Most Influential People in the World."

Not only did the two lovely ladies make the TIME 100 list, but they definitely top the list of our best-dressed stars of the night. Both looked fabulous in fuchsia!

Rihanna wore a voluminous Marchesa gown for the red carpet and changed into a cute capri pant and strapless top number during her performance.

Legendary actress Cicely Tyson also opted for a bold color, stepping out in a beautiful creation by fashion designer B. Michael--who attended the event as Tyson's date.

Other style standouts included New York Giants wide receiver Victor Cruz in a sharp black suit, "Bridesmaids" actress Kristen Wiig in a black lace Stella McCartney jumpsuit and Claire Danes in a crimson Lanvin frock.

Take a look at the star-studded event in the slideshow below and vote for your favorite red carpet look!