The 21-year-old has followed in the footsteps of Kate Moss and Cindy Crawford by appearing in the famous Pirelli calendar.
With millions in the bank, it's unlikely Lily would need a student loan when she enrolled at Cambridge University last year. But her latest shoot certainly won't do her bank balance any harm.
Feeling a bit cold: Lily Cole covers her ample breasts during a backstage picture during the Pirelli shoot
In the provocative calendar, Lily goes topless alongside her young contemporaries Miranda Kerr, Rosie Huntingdon-Whiteley and Daisy Lowe.
Last night, the models reunited at Old Billingsgate Market in London to celebrate the calendar's launch.
They were joined by Hollywood legend and 2007 Pirelli calendar 'girl' Sophia Loren, who looked chic in a black and gold dress.
In the calendar, the statuesque redhead poses in a series of seductive shots, including one topless pose in a shallow pool. In another picture she is seen hugging a sloth
Who put the washing machine on high? Lily's top appeared to have conveniently shrunk in the wash
Lily, who started her second year at Cambridge last month, travelled to Brazil for the job in June.
