World's most powerful women: Angela Merkel comes top for the second year in a row

Emma Haslett
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Angela Merkel and Christine Lagarde are among the world's most powerful women (Source: Getty)

German chancellor Angela Merkel has been named the most powerful woman in the world for the second time in a row - while the Queen has moved up the list.

Forbes' 2016 ranking of the world's most powerful women put US presidential candidate Hillary Clinton second for the second consecutive year, while Federal Reserve chair Janet Yellen overtook Melinda Gates to take the third spot.

They were followed by General Motors chief executive Mary Barra, and International Monetary Fund managing director Christine Lagarde - who began her second term running the fund earlier this year.

Read more: These are the City's most powerful women

Women from the US took up 51 spots, followed by China, which had nine women on the list.

By contrast, the UK's most powerful woman - the Queen - managed a mere 29th position, although that's up from 41st last year. She was followed by Nicola Sturgeon, who made her first appearance on the list in 50th place.

Also among the six Britons Bank of England deputy governor Minouche Shafik, who took 59th place, up from 66 last year.

The women on the list control nearly $1 trillion in (£691.3bn) in revenues, Forbes said. It added it had taken into account money, media presence, influence and success at implementing change to put it together.

Read more: How to be badass - City A.M. Unregulated podcast

The top 20

Name Job title Company/organisation Country
1 Angela Merkel Chancellor Germany
2 Hillary Clinton Presidential candidate US
3 Janet Yellen Chair Federal Reserve US
4 Melinda Gates Cochair Bill & Melinda Gates Foudation US
5 Mary Barra CEO General Motors US
6 Christine Lagarde Managing director International Monetary Fund France
7 Sheryl Sandberg COO Facebook US
8 Susan Wojcicki CEO YouTube US
9 Meg Whitman CEO HP US
10 Ana Botin Chair Banco Santander Spain
11 Ginni Rometty CEO IBM US
12 Park Geun-hye President South Korea
13 Michelle Obama First Lady US
14 Indra Nooyi CEO Pepsico US
15 Angela Ahrendts Senior VP Apple US
16 Abigail Johnson CEO Fidelity Investments US
17 Tsai Ing-Wen President-elect Taiwan
18 Michelle Bachelet President Chile
19 Federica Mogherini Foreign policy chief European Union Italy
20 Safra Catz Co-CEO Oracle US