WASHINGTON – Forbes has named the 71 most powerful people on the planet.
It’s the magazine’s annual look at the heads of state, philanthropists, financial tycoons and entrepreneurs who run the world.
The qualifications that land these people on the list are how many people they have power over, their assets compared to their peers, and the candidate’s influence in multiple circles. Finally, the candidates had to actively use their power.
That final reason is why Secretary Hillary Clinton is not on this year’s list as she plans to step down from her position.
Many of the top contenders like President Barack Obama, Apple CEO Tim Cook, New York Mayor Michael Bloomberg and Pope Benedict XVI are returning to the list.
But some are newcomers. LinkedIn co-founder Reid Hoffman, one of the world’s most powerful venture capitalists, is new to the list. Elon Musk, the man behind PayPal and Tesla Motors, is also new to the list. His company SpaceX leads the industry in independent space flight.
Here’s Forbes.com’s Top 10 most powerful people:
U.S. President Barack Obama
German Chancellor Angela Merkel
Russian President Vladimir Putin
Microsoft’s Bill Gates
Pope Benedict XVI
Fed Chairman Ben Bernanke
Saudi King Abdullah bin Abdulaziz al Saud
Mario Draghi, president of the European Central Bank
Xi Jinping, general secretary of the Communist Party of China
Prime Minister David Cameron
Read more about why specific leaders made the list on Forbes.com.