On top of the world: Forbes ranks Angela Merkel most powerful woman

US Secretary of State Hillary Clinton placed second, Brazilian president ranked third.

NEW YORK:

American business magazine Forbes ranked German Chancellor Angela Merkel the most powerful woman in the world in 2012 for the second year in a row.

The annual list was dominated by politicians, businesswomen and media figures.

US Secretary of State Hillary Clinton placed second, followed by Brazilian President Dilma Rousseff, making the top three spots unchanged from 2011. The list named women involved in policymaking, entertainment, technology and nonprofit organisations, among other fields. They were ranked according to influence, the amount of money they control or earn, and media presence.

“These power women exert influence in very different ways and to very different ends, and all with very different impacts on the global community,” Moira Forbes, president and publisher of Forbes Woman said. The magazine noted Merkel’s resolve in preserving the European Union and her influence over the euro zone’s ongoing debt crisis.

Clinton was applauded for her handling of crises such as the release of a trove of diplomatic cables by the anti-secrecy group WikiLeaks. Forbes cited Rousseff for her leadership of the world’s eighth-largest economy and approval ratings within her country. The average age of the 100 power brokers from 28 countries was 55. They had a combined 90 million Twitter followers, the business magazine revealed.

Also in the top five were Melinda Gates, co-chair of the Bill & Melinda Gates Foundation and wife of Microsoft Corp co-founder Bill Gates, and Jill Abramson, executive editor of the New York Times. Sonia Gandhi, president of the Indian National Congress, followed at number 6. US President Barack Obama’s wife, First Lady Michelle Obama, who had topped the list in 2010, was ranked 7.

The list also featured newcomers such as actress and performer Jennifer Lopez and billionaire philanthropist and widow of Apple founder Steve Jobs, Laurene Powell Jobs. Republican US Representative of Minnesota and former White House hopeful Michele Bachmann was among 21 women who fell off the list this year.

Christine Lagarde, managing director of the International Monetary Fund, was ranked 8. The former French cabinet minister has been on the list since it began in 2004. “So many of these women are in policy or political roles, and their influence ... is only growing so it is not surprising that someone like Merkel or Clinton would continue to be present on the list year to year,” Forbes claimed.

(The full list is at www.forbes.com/power-women)


Published in The Express Tribune, August 24^th, 2012.