Forbes magazine identified #The World's Most Powerful People for 2016 out of every 100 million people around the world. Russian President Vladimir Putin was ranked as the world's most powerful person. The new president-elect of the United States, Donald Trump is in the second place while Angela Merkel, the chancellor of Germany ranked the third most powerful person in the world.

According to Forbes, they considered hundreds of candidates from different parts of the world and measured their power along four dimensions. The first dimension measured the candidate's power over lots of people. Second, they looked into the financial resources controlled by each candidate compared to their peers.

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The third one is determining the candidate's influence across multiple spheres. Lastly, Forbes made sure that the candidates actively used their power. Forbes has a panel of editors who ranked all of the candidates in each of these four dimensions of power to calculate the final rankings.

11 new names entered on this year list

This year, 11 new names were included in world's most powerful people list by Forbes. These include Prime Minister of the United Kingdom Theresa May, CEO of Uber Travis Kalanick, CEO of The Walt Disney Company Bob Iger, Vice President-Elect of the United States Mike Pence and Las Vegas Sands CEO Sheldon Adelson. Philippine President Rodrigo Duterte was also one of the new names who was included on the list where he ranked in 70th place. Forbes looked into Duterte's war against drugs and his campaign against crime to be included on the list.

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Furthermore, there were only six women that were featured on the Forbes magazine list where Prime Minister Narendra Modi ranked in the ninth spot.

Here are the world's most powerful people for 2016 according to Forbes

  • Vladimir Putin of Russia
  • Donald Trump of United States
  • Angela Merkel of Germany
  • Xi Jinping of China
  • Pope Francis of Roman Catholic Church
  • Janet Yellen of United States
  • Bill Gates of Bill & Melinda Gates Foundation
  • Larry Page of Alphabet
  • Narendra Modi of India
  • Mark Zuckerberg of Facebook
  • Mario Draghi of European Central Bank
  • Li Keqiang of China
  • Theresa May of United Kingdom
  • Jeff Bezos of Amazon.com
  • Warren Buffett of Berkshire Hathaway
  • Salman bin Abdulaziz Al Saud of Saudi Arabia
  • Carlos Slim Helu of América Móvil
  • Ali Hoseini-Khamenei of Iran
  • Jamie Dimon of JPMorgan Chase
  • Benjamin Netanyahu of Israel
  • Elon Musk Space Exploration Technologies Corp.
  • Jeffrey Immelt of General Electric
  • Francois Hollande of France
  • Rex Tillerson of ExxonMobil
  • Christine Lagarde of International Monetary Fund
  • Lloyd Blankfein of Goldman Sachs Group
  • Doug McMillon of Wal-Mart Stores
  • Jack Ma of Alibaba Group
  • Akio Toyoda of Toyota Motor
  • Sergey Brin of Alphabet 43
  • Charles Koch of Koch Industries
  • Tim Cook of Apple
  • Li Ka-Shing of CK Hutchison Holdings
  • Larry Fink of BlackRock
  • Rupert Murdoch of News Corp
  • Antonio Guterres of United Nations
  • Shinzo Abe of Japan
  • Mukesh Ambani of Reliance Industries
  • Khalifa bin Zayed Al-Nahyan of United Arab Emirates
  • Jay Y. Lee of Samsung Electronics
  • Ding Xuedong of China
  • Jim Yong Kim of World Bank
  • Kim Jong-un of North Korea
  • Abdel el-Sisi of Egypt
  • Ma Huateng of Tencent Holdings
  • Michael Dell of Dell
  • Haruhiko Kuroda of Japan
  • Barack Obama of United States
  • Khalid Al-Falih of Saudi Arabia
  • John Roberts of united States
  • Satya Nadella of Microsoft
  • Stephen Schwarzman of Blackstone Group
  • Masayoshi Son of Softbank
  • Enrique Pena Nieto of Mexico
  • Michael Bloomberg of Bloomberg
  • Recep Erdogan of Turkey
  • Abu Bakr al-Baghdadi of Islamic State
  • Alisher Usmanov of Metalloinvest
  • Wang Jianlin of Dalian Wanda Group
  • Robin Li of Baidu
  • Ginni Rometty of IBM
  • Mary Barra of General Motors
  • Bashar al-Assad of Syria
  • Travis Kalanick of Uber Technologies Inc.
  • Carl Icahn Icahn of Capital Management
  • Justin Trudeau of Canada
  • Bob Iger of Walt Disney
  • Aliko Dangote of Dangote Group 5
  • Mike Pence of United States
  • Rodrigo Duterte of Philippines
  • Ayman al-Zawahiri of Al-Qaeda
  • Sheldon Adelson of Las Vegas Sands
  • Peter Thiel of Founders Fund
  • Chuck Schumer of the United States