The top position on the list remained the same as last year, with German Chancellor Angela Merkel taking the number one spot as the most powerful woman in the world for being a 'lead player in the euro zone economic crisis.'
Following Merkel in second place on Forbes 100 Most Powerful Women in the World list is U.S. Secretary of State Hillary Clinton. The U.S. Secretary of State who frequently paid visits to Turkey due to the internal strife in Syria was followed by the first female state leader in Latin America's most powerful nation Brazil Dilma Rousseff.
Fourth on the list is Melinda Gates, the wife of Microsoft Corp. co-founder Bill Gates and Co-Chair of the Bill & Melinda Gates Foundation. In fifth place is the New York Times' first female executive editor Jill Abramson.
The United States' First Lady Michelle Obama is seventh on the list, followed by IMF Managing Director Christine Lagarde in eighth place.
Other noteworthy figures on the list include; England's Queen Elizabeth II came in at 26th place, Lady Gaga was listed in 14th place, Beyonce in 32nd place, Jennifer Lopez in 38th place, Shakira in 40th place, Angelina Jolie in 66th place and Sofia Vergara from the popular comedy show Modern Family came in 75th.