Wednesday 13 December 2017

Angela Merkel tops Forbes most powerful women list

Angela Merkel
Angela Merkel
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ANGELA Merkel has topped the Forbes most powerful women list for the ninth time the German Chancellor has made it.

It features nine heads of state who run nations with a combined GDP of $11.1 trillion.

The head of the world’s most powerful central bank, Janet Yellen, takes the No. 2 slot. It is the first time the US Federal Reserve chief has made the list, which celebrates its 10th anniversary this year.

Melinda Gates, co-chairman of the Bill & Melinda Gates Foundation, retains third position. Dilma Rouseff, President of Brazil, drops two spots to No. 4 and Christine Lagarde, managing director of the International Monetary Fund, moves up two places to fifth.

US First Lady Michelle Obama has slipped to eighth from fourth, pipped by Hillary Clinton, the presidential hopeful and former US Secretary of State, who fell one place to sixth.

There are three business executive in the top ten. Mary Barra, the new General Motors chief who is fighting to restore the giant carmaker’s reputation following a series of safety recalls, takes the No. 7 slot, alongside Sheryl Sandberg (9), the chief operating officer of Facebook, and Virginia Rometty (10), chief executive of IBM.

The Queen of England has risen five places to 35. The Queen is one of eight women who appeared in the inaugural list in 2004. The others are Ms Gates, Ms Lagarde, Ms Clinton, PepsiCo chief Indra Nooyi, Oprah Winfrey and Ho Ching, who heads Singapore's sovereign wealth fund Temasek.

Harry Potter author JK Rowling, who was 93rd last year, has been pushed out of the rankings by newcomers, including 43-year-old Sara Blakely, the undergarment entrepreneur who founded Spanx and is the youngest self-made billionaire on the list.

In all there were 18 newcomers. Russian central bank governor Elvira Nabiullina (72) and Arundhati Bhattacharya (36), the chairman of the State Bank of India were among them and is Chinese actress Yao Chen.

It is the ninth time the German Chancellor has made the list which features nine heads of state who run nations with a combined GDP of $11.1 trillion. This year there are 28 chief executives who control $1.7 trillion in annual revenues, 18 who has founder their own companies or foundations, and 13 billionaires.

Forbes says the 100 women have a combined social media footprint of more than 812m followers.

• Members of the 2014 ranking represent women in 8 categories: technology, politics, business, finance, media, entertainment, philanthropy and NGOs, as well as billionaires. Finance was broken out from business as a new category this year. To determine the rank within each category, as well as overall rank on the list of 100, Forbes applied four metrics: money, media, impact and spheres of influence.

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