China’s President Xi is named Forbes’ most powerful person, ending Putin’s four-year reign at the top and pushing Trump down to third
- Vladimir Putin is no longer considered the most powerful person in the world
- French President Emmanuel Macron enters the list for the first time at 12th place
- Theresa May, however, dropped one place to 14th from last year’s list
- She was bettered by Facebook chief executive Mark Zuckerberg, placed 13th
He rules Russia with an iron fist, but Vladimir Putin has suffered a significant knock-back when it comes to world domination after being usurped by his Chinese counterpart, Xi Jinping, who is now considered the most powerful person on Earth.
Despite Putin topping every Forbes’ list of the world’s most powerful people since 2013, the controversial leader has been relegated to second place after being pipped by Xi.
Forbes said the Chinese president had seized the ‘top spot for the first time ever after China’s congress amended its constitution in March, broadening his influence and eliminating term limits.
‘He enjoys a cult of personality not seen since Chairman Mao.’
Chinese president Xi Jinping ‘enjoys a cult of personality not seen since Chairman Mao’ according to business magazine Forbes, which describes him as the most powerful person in the world for 2018
No longer the most powerful person in the world: Russian president Vladimir Putin is now in second place in Forbes’ annual list, behind Chinese counterpart, Xi Jinping
He has seen ‘limited success’ one year into his term, so Forbes has dropped Donald Trump from second place into third
This year’s list, which shows 75 men and women ‘who make the world turn’, has also pushed American president from second to third place.
Forbes explained that just one year into his term, Donald Trump ‘has seen limited success pushing his agenda through a Congress controlled by his own party, is under investigation by multiple law enforcement agencies, and can’t shake off scandals arising from his personal and business life.’
And languishing in 14th place is Prime Minister Theresa May, who dropped one position from her 13th slot in the previous year’s ranking, and is five positions down from the 8th position given to her predecessor David Cameron in 2015.
Angela Merkel, the chancellor of Germany and de facto leader of Europe, is named as the fourth most powerful person in the world
Explaining Mrs May’s ranking, Forbes said that after her decision to hold a snap election ‘backfired’, she had to ‘guide her country through this bumpy transition government with no time to waste’ before Brexit in 2019.
Well ahead of her is Angela Merkel, the chancellor of Germany and the de facto leader of Europe, named as the fourth most powerful person in the world.
She won the accolade after her success in a ‘hard-fought election in 2017 and created a grand coalition with political partners. She’ll have to hold tight to the EU rudder as it faces oncoming storms from Brexit and growing anti-immigrant sentiment in Europe,’ suggests the business magazine.
Also placed above Mrs May were Amazon boss Jeff Bezos, 5th, Pope Francis (6th), Microsoft founder and philanthropist Bill Gates (7th), Indian Prime Minister Narendra Modi (9th), Google founder Larry Page (10th) and Facebook chief executive Mark Zuckerberg (13th).
While this year’s list highlights the ‘consolidation of power in the hands of an elite few’, there are also 17 new names including Mohammed Bin Salman Al Saud (8th place), the Crown Prince of Saudi Arabia, known as “MBS”.
In 14th place, Prime Minister Theresa May, seen here in the House of Commons, has to ‘guide her country through this bumpy transition government with no time to waste’ before Brexit in 2019, said Forbes
Pope Francis, aged 81, took 6th place, ahead of Bill Gates, Elon Musk and Mark Zuckerberg in the annual list, which determines whether candidates are powerful in ‘multiple spheres’
He has consolidated power and, aside from taking control of the country, launched an anti-corruption campaign in November 2017 which resulted in the arrest of many prominent Saudis, who were forced to turn over their fortunes.
‘The crown prince will be the fulcrum around which the Middle Eastern geopolitics moves for the next generation,’ said Forbes.
So how does the magazine compile its annual list? It looked at hundreds of candidates, and asked whether they had power over lots of people. Pope Francis, for example, who is ranked sixth, is the spiritual leader of more than a billion Catholics.
Doug McMillon, in 23rd place, is the CEO of the world’s largest private employer, Wal-Mart Stores, with more than 2.3 million workers around the globe.
Forbes then assessed the financial resources controlled by each person. Are they relatively large compared to their peers? For heads of state it used GDP, while for CEOs, the magazine looked at the company’s assets and revenues.
American entrepreneur Jeff Bezos, 54, is founder and chief executive officer of Amazon.com. He was placed fifth in Forbes’ list, ahead of British Prime Minister Theresa May
‘Then we determined if the candidate is powerful in multiple spheres. There are only 75 slots on our list – one for approximately every 100 million people on the planet– so being powerful in just one area is often not enough.
‘Our picks project their influence in myriad ways: Elon Musk (ranked 25th) has power in the auto business through Tesla Motors, in the aerospace industry through SpaceX, because he’s a billionaire, and because he’s a highly respected tech visionary’, Forbes explained.
Lastly, it made sure that candidates ‘actively’ use their power. North Korean dictator Kim Jong-un (in 36th place) has near absolute control over the lives of the 25 million people who live in his country, and is known to punish dissent with death.
Individual rankings were averaged into a composite score: ‘This year’s list comes at a time of rapid and profound change, and represents our best guess about who will matter in the year to come,’ Forbes added.
Forbes’ full list of the world’s most powerful people 2018:
1. Xi Jinping, 64, China
2. Vladimir Putin, 65, Russia
3. Donald Trump, 71, United States
4. Angela Merkel, 63, Germany
5. Jeff Bezos, 54, Amazon.com
6. Pope Francis, 81, Roman Catholic Church
7. Bill Gates, 62, Bill & Melinda Gates Foundation
8. Mohammed bin Salman Al Saud, 32, Saudi Arabia
9. Narendra Modi, 67, India
10. Larry Page, 45, Google
11. Jerome H. Powell, 65, United States
12. Emmanuel Macron, 40, France
13. Mark Zuckerberg, 33, Facebook
14. Theresa May, 61, United Kingdom
15. Li Keqiang, 62, China
16. Warren Buffett, 87, Berkshire Hathaway
17. Ali Hoseini-Khamenei, 78, Iran
18. Mario Draghi, 70, European Central Bank
19. Jamie Dimon, 62, JPMorgan Chase
20. Carlos Slim Helu, 78, America Movil SAB de CV (ADR)
21. Jack Ma, 53, Alibaba Group
22. Christine Lagarde, 62, International Monetary Fund
23. Doug McMillon, 51, Wal-Mart Stores
24. Tim Cook, 57, Apple
25. Elon Musk, 46, Tesla
26. Benjamin Netanyahu, 68, Israel
27. Ma Huateng, 46, Tencent Holdings
28. Larry Fink, 65, BlackRock
29. Akio Toyoda, 62, Toyota Motor
30. John L. Flannery, 56, General Electric
31. Antonio Guterres, 69, United Nations
32. Mukesh Ambani, 61, Reliance Industries Ltd
33. Jean-Claude Juncker, 63, European Union
34. Darren Woods, 53, ExxonMobil
35. Sergey Brin, 44, Alphabet
36. Kim Jong-un, 34, North Korea
37. Charles Koch, 82, Koch Industries
38. Shinzo Abe, 63, Japan
39. Rupert Murdoch, 87, News Corp
40. Satya Nadella, 50, Microsoft
41. Jim Yong Kim, 58, World Bank
42. Stephen Schwarzman, 71, Blackstone Group
43. Khalifa bin Zayed Al-Nahyan, 70, United Arab Emirates
44. Haruhiko Kuroda, 73, Japan
45. Abdel Fattah el-Sisi, 63, Egypt
46. Li Ka-shing, 89, CK Hutchinson Holdings
47. Lloyd Blankfein, 63, Goldman Sachs Group
48. Recep Tayyip Erdogan, 64, Turkey
49. Bob Iger, 67, Walt Disney
50. Michel Temer, 77, Brazil
51. Michael Bloomberg, 76, Bloomberg
52. Wang Jianlin, 63, Dalian Wanda Group
53. Mary Barra, 56, General Motors
54. Moon Jae-in, 65, South Korea
55. Masayoshi Son, 60, Softbank Corp.
56. Bernard Arnault, 69, LVMH Moet Hennessy Louis Vuitton
57. Justin Trudeau, 46, Canada
58. Robin Li, 49, Baidu
59. Michael Dell, 53, Dell
60. Hui Ka Yan, 59, Evergrande Real Estate Group
61. Lee Hsien Loong, 66, Singapore
62. Bashar al-Assad, 52, Syria
63. John Roberts, 63, United States
64. Enrique Pena Nieto, 51, Mexico
65. Ken Griffin, 49, Citadel LLC
66. Aliko Dangote, 61, Dangote Company
67. Mike Pence, 58, United States
68. Qamar Javed Bajwa, 57, Pakistan
69. Rodrigo Duterte, 73, Philippines
70. Abigail Johnson, 56, Fidelity Investments
71. Reed Hastings, 57, Netflix
72. Robert Mueller, 73, United States
73. Abu Bakr al-Baghdadi, 46, United States
74. Joko Widodo, 56, Indonesia
75. Gianni Infantino, 48, FIFA
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