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Julia Roberts Hits the Red Carpet in Sleek Shorts Suit Following World's Most Beautiful Reveal

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Julia Roberts was just named PEOPLE’s World’s Most Beautiful for the record-breaking fifth time! And she’s celebrating her big achievement with an equally beautiful event.

Roberts traveled to the South of France with Lancôme (she’s a spokesmodel for the brand) to attend the Lancôme Stars & Wonders dinner Wednesday in Monaco alongside fellow spokesmodels Penélope Cruz and Kate Winslet. They were all on-hand to celebrate the “femininity, beauty, happiness and wonderment,” that the cosmetics company inspires in women

On the red carpet, Roberts sported her signature tousled waves (courtesy hairstylist Serge Normant) and a long tuxedo jacket, worn with a white shirt, matching shorts (from her go-to red carpet brand, Givenchy) and strappy heels. Also dressed in formal black look, Cruz wore a one-sleeve Alexandre Vauthier gown with oversize bow detail, while Winslet chose a midi halter dress.

Lancome

Julia Roberts is the 2017 World’s Most Beautiful Woman! Learn her secrets to staying young — and subscribe now for this special edition featuring over 50 pages of beauties  – only in PEOPLE!

#JuliaRoberts x @givenchyofficial x @lancomeofficial = 👑@messikajewelry @davidso75 @engelmanandco

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RELATED: Julia Roberts Is PEOPLE’s 2017 World’s Most Beautiful Woman!

Over the years, Roberts has remained true to her classic red carpet aesthetic. And when PEOPLE asked her to pick her favorite look of all time, she did not hesitate. She told editor-in-chief Jess Cagle and style and beauty director Andrea Lavinthal that her Armani gown to the 2001 Oscars still stands out in her mind. “I guess the one that gets the most commentary is probably my look for the Oscars for Erin Brockovich,” she says.

Today it’s safely stored in a box under her bed, while a lot of other favorite pieces are kept in the “heritage collection” section of her closet. “I have this little space in my house that my husband refers to as the heritage collection. Things I go, ‘I can’t get rid of [this], what about Hazel [her 12-year-old daughter]?'”

To see the full interview, watch People Cover Story: World’s Most Beautiful—Julia Roberts, streaming now on the People/Entertainment Weekly Network. Go to People.com/PEN, or download the PEN app on your favorite device.

She says she’s “very flattered” to be honored as World’s Most Beautiful: “I think I’m currently peaking.” Considering how glamorous her week has been, we think she just keeps getting better.