Published Friday, 13 July 2012
The runway stunner poses topless as she strikes an over-the-shoulder pose for the cover of French fashion bible Vogue, wearing nothing but a pair of black bikini bottoms, and the 31-year-old takes it all off for a black and white shot inside the magazine.
She's pictured lying face down on the sand, completely naked.
The images emerge less than a month after Bundchen was named the highest paid model in the world by Forbes magazine, banking a whopping $45m in the period from May, 2011 to May, 2012.
Bundchen and her husband, U.S. sportsman Tom Brady, have yet to comment on the pregnancy stories.