Editor’s Note: Heidi Klum has expanded her career far beyond the realm of modeling with the hit reality television show "Project Runway," for which she is host and co-executive producer. In a candid interview with wowOwow’s Liz Smith, Heidi talks about the show and more. Season five of "Project Runway" premiered Wednesday night on Bravo.

Click the play button below to watch the video.

LIZ: Heidi, I haven’t seen you since we met the first time at the Vanity Fair party when you and your fabulous husband were seated across from me. I never really got a chance to talk to you but I did say to him at the end of the evening: "Are you two an item?" And he thought that was very funny.

Click here to read Part One: Heidi Klum on Modeling and Sex. 

Click here to read Part Three: Heidi Klum on Fashion, Starter Husbands and Face-lifts.

LIZ: He said: "Yes, definitely."

HEIDI: Yeah, I got very lucky. I found the perfect man for me.

HEIDI: I think he is. We don’t really throw across all the time, "I’m so proud of you, I’m so proud of you." I think we just kind of are.

Click here for photos of Heidi Klum and her various ventures.

LIZ: Well it seems to me that your relationship is where you just kind of are. And it’s very unusual in this day and age with people who cover gossip and entertainment like I do, we’re always expecting breakups and explosions.

HEIDI: And you know those things do happen but they happen to people in the public eye and they happen to people who are not in the public eye.

LIZ: Right.

HEIDI: You know, it’s just that when you’re so under the loop and people always look at you, it’s just more obvious when it happens.

LIZ: I found it refreshing that you seem to be so together and so happy. You know, I read the other day that you said that you were getting a blister and you had to sit down. "These damn shoes are killing me," you said. We can’t believe that shoes bother you like they do every other American woman!

HEIDI: Sometimes it’s just too hard, you know? You have shoes these days that, a few years ago, I don’t think were ever that high and now it’s just normal for us to wear these high, high shoes with a platform and it’s kind of like walking on stilts. And it’s supposed to be normal.

LIZ: According to Stockerblog.com, the Heidi Klum Stock Index, which consists of companies that you have acted as spokesperson for, has outshined the Dow for the past six months. That’s really quite incredible. Heidi Klum Stock Index is down only 4% while the Dow is down 14%. Did you know this about yourself?

HEIDI: No, no.

LIZ: You don’t know your own strength?

HEIDI: No, I guess I don’t. I mean, I should pay more attention to these things. What can I do with that?

LIZ: Um, well I think your PR people probably are doing a lot with it already and your agents notice it and it makes everybody in the business say, "Wow, I mean, I can’t get over this. This is a beautiful woman. She’s supposed to naturally be brainless because she’s blonde and beautiful." But just the opposite.

HEIDI: Well, you know, it’s a lot of good coloring.

LIZ: Let’s talk about, just for a second, about being beautiful. Do you have this inner feeling that you are? Do you ever look in the mirror and say, "Hi you beautiful thing?" Or is it just you’ve always been beautiful?

HEIDI: I don’t think I’ve looked in the mirror and actually said, "Hey, you beautiful thing." No, but I have looked in the mirror and thought, "You don’t look too bad." There are days where I say, "Wow, you’ve looked better." But all in all, I’m pretty happy with myself.

LIZ: Well, your looks are a component of your success, but they are certainly not the only component.

HEIDI: I’m very happy with the way I look on a normal basis, you know, when I just wash my hair and I come out of the shower. I know for my work that, with the right team around me, I can walk into all these different vanities, so to speak. I know that I’m kind of a convertible in that sense, but I’m very happy with who I am when I’m just me.

LIZ: Well just remember you’re only 4% down — the Dow is down 14%.

HEIDI: I’m not doing too bad I guess.