Gwyneth Paltrow blonde sunglasses santa monica denim world's Most Beautiful Woman

She may have been all glammed up last night at the Iron Man 3 premiere and she was just named the world's most beautiful woman by People magazine, but Gwyneth Paltrow stepped out without makeup on Thursday morning and hid her face!

X17 photographers snapped the Oscar-winning Gooper leaving a meeting at an organization in Santa Monica that connects celeb philanthropists with non-profit organizations ... such a do gooder, this one! Gwyn wore baggy jeans, a sweatshirt and dark shades, and while she still looks better than most of us, why is she looking so frumpy the day after wearing a totally see through dress and Louboutins? Maybe she doesn't think she deserves the title?

When asked about her People cover, the Gwyn told The Associated Press, "It's funny, these things, because it's like obviously not true. But it's very sweet to be named that. Because I mean you can't say that, you know! But it's been wonderful. It's been very wonderful. And as my friend said, it's so nice that someone who has kids and is a mom and is not like 21 is named that. It's really an honor."