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Newcomers To The World's Most Powerful People List
Out of the 75 members, 17 are newcomers. Among them there are presidents, billionaires, heads of organizations, CEOs, and one Special Counsel. One commonality: Their words and actions impact a large number of people, businesses, and even entire economies.
From the new president of France to the army chief of Pakistan to the world’s most powerful person in sports, below are all new members of the ranks.
The only newcomer who’s ranked in the top 10 is Saudi Arabia’s Mohammed bin Salman Al Saud (#8). In November of last year, the crown prince locked up a group of 200 people of the country’s richest and most powerful (including his billionaire cousin), forcing them to turn over personal fortunes to the state as a part of an “anticorruption campaign.” After sequestering their assets, he went on an American tour to gladhand with President Trump, Jeff Bezos, Bill Gates and Oprah Winfrey, among others.
The ex-Carlyle Group partner Jerome Powell became the world’s top central banker in February, after Trump didn’t extend Janet Yellen’s term. The Georgetown-educated lawyer will have big shoes to fill, as Yellen is widely considered to have done an outstanding job.
In early 2017, after the strong favorite for new president Francois Fillon found himself entangled in corruption scandals, the relatively unknown Emmanuel Macron seized the chance. Uniting the center and the left, in May of last year, Macron obliterated the far-right candidate Marine Le Pen and at age 39 became France’s youngest leader since Napoleon. The ex-Rothschild banker has big plans for the traditionally obstinate country—in an interview with Forbes he vowed to eliminate the 30% exit tax for anyone who wants to take money out of France.
In August of last year, John Flannery took over as CEO of General Electric. One of America's most iconic companies has certainly seen better days since Edison started it in 1890: Its share price has been slashed in half over the last three years, mostly because of decades of bad acquisitions in the power business. The Wharton M.B.A. and GE veteran will have the difficult task of persuading investors and clients that the corporation can bounce back.
The European Union’s top executive, Jean-Claude Juncker, makes his debut in a difficult year. Following Brexit, anti-EU sentiment in many countries is stronger than it has ever been. It is up to the ex-prime minister of Luxembourg to persuade government heads and local citizens that the EU is still, 26 years after its creation, a good idea for them.
When Rex Tillerson left Exxon Mobil with a $180 million parachute for what turned out to be a short-lived stint as a secretary of state, the company's board appointed Darren Woods as its new CEO. The Kansas native has big plans for Exxon as it prepares for a low-carbon future. "We understand the risk” [of carbon affecting global climate] he told Forbes earlier this year.
The only South American on the list is Brazil’s head of state, Michel Temer, who as vice president inherited the most important position in the country after his predecessor, Dilma Rousseff, was impeached and removed from office. It’s been a difficult time to be a Brazilian president: Rousseff’s predecessor, Lula, was recently sentenced to 10 years in prison, and Temer has found himself entangled in corruption scandals.
One more president who took over after his predecessor was criminally charged is South Korea’s Moon Jae-in. The ex-special forces sergeant was elected as leader of South Korea after Park Geun-Hye was found guilty of corruption and sentenced to 24 years in prison. In April he and the leader of North Korea made headlines, when Kim Jong-un crossed the southern border for the first time and the two vowed to work on improving relations between the countries.
Another newcomer from the Far East is Chinese billionaire Hui Ka Yan. His real estate developer China Evergrande has had a fantastic year—its share price is up nearly 230%.
Singapore’s Prime Minister Lee Hsien Loong joins the list two years into his latest mandate and after 14 years as Singapore’s head of government. The leader of the successful free-market-promoting city-state said that he expects the economy to grow 2.5 percent this year. He also chairs GIC Private Limited, one of the world's largest sovereign wealth funds, with estimated assets under management of $359 billion.
One of Wall Street’s most powerful players, Ken Griffin, earned an estimated $1.4 billion last year from net fees coming from his $28 billion Citadel hedge fund. Privately, he recently paid $60 million to buy the most expensive home in Chicago.
Though Pakistan’s top general Qamar Javed Bajwa has a boss on paper (the prime minister appoints him), in reality it is a different story. Late last year he refused Prime Minister Abbasi’s order to send troops to deal with Islamist protesters in Islamabad, and he brokered a peace with the angry crowd that resulted in the resignation of the justice minister. Bajwa, the most powerful person in the nuclear-armed state, once served in Congo under the ex-chief of the Indian army, who praised his professionalism.
Fidelity heiress Abigail Johnson debuts on the list the same year the investment firm’s assets under management reached $2.4 trillion. The Harvard M.B.A. (whose grandfather started Fidelity in 1946) is one of the wealthiest women in the world with over $15 billion next to her name.
One of Hollywood’s two most powerful people doesn’t even live in Southern California. Reed Hastings, whose Netflix is headquartered closer to Apple and Google than it is to Disney and the Hollywood sign, saw his personal net worth more than double thanks to the rising popularity of Netflix. By the end of March, the streaming service boasted 125 million users globally.
The longest-serving FBI director (2001-2013) since J. Edgar Hoover got assigned the case of his lifetime: Determining whether, and to what extent Trump’s campaign colluded with Russian officials. So far, Robert Mueller, a decorated Vietnam War hero, has indicted several of the president’s closest associates and reportedly provided the tip that led to the raid on Trump’s personal lawyer.
Joko Widodo, the leader of the fourth-most-populous country in the world and Southeast Asia's largest economy, recently found himself a target of human rights groups, after his government reportedly sentenced an Indonesian teenager to 18 months in prison for insulting him on Facebook. Widodo, popularly called Jokowi, is still largely supported by the masses in the country, whose population is over 260 million.
The world's most powerful person in sports, FIFA's president, Gianni Infantino, was elected to the position after his predecessor, Sepp Blatter, resigned amid a series of corruption scandals. An important announcement is set to come from FIFA in June: which country will host the 2026 World Cup. The current competitors are Morocco and a joint bid by Canada, United States and Mexico.
via Forbes https://www.forbes.com
May 9, 2018 at 04:17PM
Forbes’ annual ranking of the World’s Most Powerful features 75 people—one for each 100 million people on earth.
From the new president of France to the army chief of Pakistan to the world’s most powerful person in sports, below are all new members of the ranks.
The only newcomer who’s ranked in the top 10 is Saudi Arabia’s Mohammed bin Salman Al Saud (#8). In November of last year, the crown prince locked up a group of 200 people of the country’s richest and most powerful (including his billionaire cousin), forcing them to turn over personal fortunes to the state as a part of an “anticorruption campaign.” After sequestering their assets, he went on an American tour to gladhand with President Trump, Jeff Bezos, Bill Gates and Oprah Winfrey, among others.
The ex-Carlyle Group partner Jerome Powell became the world’s top central banker in February, after Trump didn’t extend Janet Yellen’s term. The Georgetown-educated lawyer will have big shoes to fill, as Yellen is widely considered to have done an outstanding job.
In early 2017, after the strong favorite for new president Francois Fillon found himself entangled in corruption scandals, the relatively unknown Emmanuel Macron seized the chance. Uniting the center and the left, in May of last year, Macron obliterated the far-right candidate Marine Le Pen and at age 39 became France’s youngest leader since Napoleon. The ex-Rothschild banker has big plans for the traditionally obstinate country—in an interview with Forbes he vowed to eliminate the 30% exit tax for anyone who wants to take money out of France.
In August of last year, John Flannery took over as CEO of General Electric. One of America's most iconic companies has certainly seen better days since Edison started it in 1890: Its share price has been slashed in half over the last three years, mostly because of decades of bad acquisitions in the power business. The Wharton M.B.A. and GE veteran will have the difficult task of persuading investors and clients that the corporation can bounce back.
The European Union’s top executive, Jean-Claude Juncker, makes his debut in a difficult year. Following Brexit, anti-EU sentiment in many countries is stronger than it has ever been. It is up to the ex-prime minister of Luxembourg to persuade government heads and local citizens that the EU is still, 26 years after its creation, a good idea for them.
When Rex Tillerson left Exxon Mobil with a $180 million parachute for what turned out to be a short-lived stint as a secretary of state, the company's board appointed Darren Woods as its new CEO. The Kansas native has big plans for Exxon as it prepares for a low-carbon future. "We understand the risk” [of carbon affecting global climate] he told Forbes earlier this year.
The only South American on the list is Brazil’s head of state, Michel Temer, who as vice president inherited the most important position in the country after his predecessor, Dilma Rousseff, was impeached and removed from office. It’s been a difficult time to be a Brazilian president: Rousseff’s predecessor, Lula, was recently sentenced to 10 years in prison, and Temer has found himself entangled in corruption scandals.
One more president who took over after his predecessor was criminally charged is South Korea’s Moon Jae-in. The ex-special forces sergeant was elected as leader of South Korea after Park Geun-Hye was found guilty of corruption and sentenced to 24 years in prison. In April he and the leader of North Korea made headlines, when Kim Jong-un crossed the southern border for the first time and the two vowed to work on improving relations between the countries.
Another newcomer from the Far East is Chinese billionaire Hui Ka Yan. His real estate developer China Evergrande has had a fantastic year—its share price is up nearly 230%.
Singapore’s Prime Minister Lee Hsien Loong joins the list two years into his latest mandate and after 14 years as Singapore’s head of government. The leader of the successful free-market-promoting city-state said that he expects the economy to grow 2.5 percent this year. He also chairs GIC Private Limited, one of the world's largest sovereign wealth funds, with estimated assets under management of $359 billion.
One of Wall Street’s most powerful players, Ken Griffin, earned an estimated $1.4 billion last year from net fees coming from his $28 billion Citadel hedge fund. Privately, he recently paid $60 million to buy the most expensive home in Chicago.
Though Pakistan’s top general Qamar Javed Bajwa has a boss on paper (the prime minister appoints him), in reality it is a different story. Late last year he refused Prime Minister Abbasi’s order to send troops to deal with Islamist protesters in Islamabad, and he brokered a peace with the angry crowd that resulted in the resignation of the justice minister. Bajwa, the most powerful person in the nuclear-armed state, once served in Congo under the ex-chief of the Indian army, who praised his professionalism.
Fidelity heiress Abigail Johnson debuts on the list the same year the investment firm’s assets under management reached $2.4 trillion. The Harvard M.B.A. (whose grandfather started Fidelity in 1946) is one of the wealthiest women in the world with over $15 billion next to her name.
One of Hollywood’s two most powerful people doesn’t even live in Southern California. Reed Hastings, whose Netflix is headquartered closer to Apple and Google than it is to Disney and the Hollywood sign, saw his personal net worth more than double thanks to the rising popularity of Netflix. By the end of March, the streaming service boasted 125 million users globally.
The longest-serving FBI director (2001-2013) since J. Edgar Hoover got assigned the case of his lifetime: Determining whether, and to what extent Trump’s campaign colluded with Russian officials. So far, Robert Mueller, a decorated Vietnam War hero, has indicted several of the president’s closest associates and reportedly provided the tip that led to the raid on Trump’s personal lawyer.
Joko Widodo, the leader of the fourth-most-populous country in the world and Southeast Asia's largest economy, recently found himself a target of human rights groups, after his government reportedly sentenced an Indonesian teenager to 18 months in prison for insulting him on Facebook. Widodo, popularly called Jokowi, is still largely supported by the masses in the country, whose population is over 260 million.
The world's most powerful person in sports, FIFA's president, Gianni Infantino, was elected to the position after his predecessor, Sepp Blatter, resigned amid a series of corruption scandals. An important announcement is set to come from FIFA in June: which country will host the 2026 World Cup. The current competitors are Morocco and a joint bid by Canada, United States and Mexico.
via Forbes https://www.forbes.com
May 9, 2018 at 04:17PM
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