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Gwyneth Paltrow Is Wearing Ralph & Russo on the Oscars 2015 Red Carpet

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Gwyneth Paltrow, Oscars, 2015 Academy Awards

The actress donned a pale pink gown with a bold shoulder embellishment and bright statement earrings.

Gwyneth Paltrow walks the red carpet in a pink Ralph & Russo gown at the 2015 Academy Awards held at the Dolby Theatre on Sunday (Feb. 22) in Hollywood. 

Paltrow is famously known for her role in the Iron Man trilogy alongside Robert Downey Jr. but arguably gave her most iconic performance in The Royal Tenenbaums.

Photos: See all of Hollywood's brightest stars in the 2015 Oscars Red Carpet photo gallery

Gwyneth is a presenter at this year's Oscars. She has an Academy Award for best actress for her role in Shakespeare in Love.

Be sure to watch the 2015 Oscars, hosted by Neil Patrick Harris tonight at 5:30p.m. PT/8:30 p.m. ET on ABC.

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