The pair were sure to impressed fellow attendee Lady Gaga with their fashionable looks for the annual event, which is in its 25th year, in Beverly Hills.
Jennifer, 49, looked exquisite in a quirky blush-coloured blouse, which featured eye-catching cream bow detail wrapped around her shoulders.
The Ain't It Funny singer's fitted skirt boasted a daring front slit and ruffle peplum as she posed for photos at the empowering event.
Age-defying Jennifer accessorised her look with a pair of platform black heels, crocodile skin handbag and an array diamond jewellery.
Following her style lead, Kate, 45, turned heads in a striking black jumpsuit with a racy embroidered sheer bodice.
The Pearl Harbour star's look featured a dramatic cape which trailed behind her as she made her way up the carpet.
Making a statement at the event, Lady Gaga, 32, arrived in an oversized grey suit by Marc Jacobs and worked her hair into a sleek chignon.
The A Star Is Born actress was honoured as one of Elle's Women in Hollywood and was accompanied by fiancé Christian Carino, 49.
Charlize Theron, 43, was another one of the night's honourees and looked stylish at the event.
She draped a red check blazer over her shoulders and over her white dress shirt and black pleated skirt.
Fellow honouree Keira Knightley, 33, attended the gala in a strapless grey dress and accessorised her look with a metallic silver heel.
Plus-size model Tess Holliday, 33, wore a canary yellow dress with floor-length tassels for the occasion.
Others set to be honoured at the event included Black Panther's Angela Bassett, Danai Gurira and Lupita Nyong'o, as well as Sarah Paulson and Yara Shahidi.
Mindy Kaling hosted the star-studded event which saw James Corden, Chloe Grace Moretz, Sandra Bullock and Laverne Cox also in attendance.
In it's 25th year, Elle's Women In Hollywood Awards celebrates and recognises the contributions female Hollywood stars are making to the film industry.
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