Michelle Obama ranked world's most powerful woman

Wed Oct 6, 2010 6:02pm EDT
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By Michelle Nichols

NEW YORK (Reuters) - First lady Michelle Obama beat out heads of state, chief executives and celebrities to rank as the world's most powerful woman in Forbes magazine's annual listing on Wednesday.

Kraft Foods Chief Executive Irene Rosenfeld, who led a hostile $18 billion takeover of Britain's Cadbury, came in second, followed by talk show host and media mogul Oprah Winfrey, who is ending "The Oprah Winfrey Show" next year after 25 years to launch her cable network OWN.

German Chancellor Angela Merkel, elected for a second term last year, was the fourth most powerful woman, while Secretary of State Hillary Clinton, who was put in charge of brokering Middle East peace, rounded out the top five.

Moira Forbes, vice president and publisher of ForbesWoman, said the women on the business magazine's list were "shaping many of the agenda-setting conversations of the day."

"They have built companies and brands, sometimes by non-traditional means and they have broken through gender barriers in areas of commerce, politics, sports and media and cultural zeitgeist, and thereby affecting the lives of millions, sometimes billions of people," she said.

This year Forbes changed the way it ranked women, basing the list less on wealth and power and more on creative influence and entrepreneurship.

Last year's winner was Merkel, followed by Sheila Bair, chairman of the Federal Deposit Insurance Corp. Obama ranked No. 40.

Forbes said Obama topped the list this year because "she has made the office of first lady her own" while remaining popular.   Continued...

<p>First lady Michelle Obama fixes her hair while waiting to greet the spouses of chiefs of state and heads of government participating in the United Nations General Assembly at a special event held at Stone Barns Center in Westchester, New York September 24, 2010. REUTERS/Jessica Rinaldi</p>