Record showing for China on ‘power women’ list

Chinese women have made their strongest showing on
Forbes magazine’s list of the world’s most powerful
women.
There are a record 9 women from China on the 2016 Power
Women list, though German Chancellor Angela Merkel
remains in the top spot.
Hillary Clinton, the US presidential candidate, and Janet
Yellen, chair of the Federal Reserve, were second and third.
The US dominated the list with 51 women represented, while
China was second.
Lucy Peng, a senior executive at e-commerce giant Alibaba,
and Margaret Chan, Director General of the World Health
Organization, are the highest-ranked Chinese women. Also
on the list are Pollyanna Chu, chief executive of Hong Kong
financial services firm Kingston Securities, and China’s First
Lady Peng Liyuan.
The survey features 100 women from 29 countries who
represent sectors such as politics, business, technology and
philanthropy.
Forbes said the women on the list control $1tn (£694bn) in
revenue and influence more than 3.6bn people around the
world.
There are 32 chief executives on the list, 12 world leaders
and 11 billionaires, including nine who have built billion-
dollar companies from scratch. The average age is 57, with
Yahoo chief executive Marissa Mayer the youngest at 41 and
Britain’s Queen Elizabeth II the oldest at 90.
This is the sixth consecutive year Mrs Merkel has topped the
list and the eleventh time in total.
The number of UK women who made the rankings doubled
to six. They include Scotland’s First Minister Nicola Sturgeon,
a newcomer, and Nemat Shafik, deputy governor of the
Bank of England, who first appeared on the list in 2015.
The most high-profile drop-offs include Dilma Rousseff, the
former president of Brazil who was impeached in May over
allegations of violating fiscal rules, which she denies.
Elizabeth Holmes, founder of the blood-testing firm
Theranos, also failed to make the list. US federal agencies
are investigating Theranos over allegations its tests are
inaccurate. Last week, Forbes lowered its estimate of
Holmes’ personal fortune from $4.5bn to nothing, after
previously declaring her America’s richest self-made
woman.

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