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Forbes: German Chancellor Is World's Most Powerful Woman
World | August 20, 2009, Thursday // 08:48
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Bulgaria PM Boyko Borisov in a meeting with the "world's most powerful woman" German Chancellor Angela Merkel. Photo by BGNES
German Chancellor Angela Merkel has taken top spot for the fourth time as the world's most powerful woman in the Forbes list.
US First Lady Michelle Obama also made her debut at number 40 on the list for Forbes Magazine.
Forbes ranks its list using a mix of media "reach" and financial impact.
In this year's list there are 27 heads of large companies, and ten women with the title of Chancellor, Prime Minister or President.
Forbes said Merkel had topped the list "after leading Germany out of recession earlier than expected".
As well as Obama, Iceland's first female prime minister Johanna Sigurdardottir made her debut on the list - mainly due to her being charged with getting her country's banking system back on its feet after Iceland was forced to rescue its three main banks last year.
"It's a good year for women in power. The economic turmoil means that companies and countries are frequently looking for a change, so I think we'll see opportunities for women leaders," added list co-editor Ms Schoenberger.
Other newcomers include Chanda Kochhar, chief executive of ICICI Bank (20) and the Prime Minister of Bangladesh, Hasina Wajed (78).
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