Who snapped up the top spot?
German Chancellor Angela Merkel has been named the most powerful woman in the world by Forbes.
Merkel retains the top spot on the list for the sixth consecutive year and eleven times in total.
She is followed by presidential candidate Hillary Clinton, US Federal Reserve Chair Janet Yellen, Bill & Melinda Gates Foundation Co-Chair, Melinda Gates, and General Motors CEO Mary Barra.
Take a look at the top 10 most powerful women:
1 Angela Merkel – Chancellor, Germany
2 Hillary Rodham Clinton – Presidential Candidate, U.S.
3 Janet Yellen – U.S. Federal Reserve Bank Chair, U.S.
4 Melinda Gates – Co-Chair, Bill & Melinda Gates Foundation, U.S.
5 Mary Barra – CEO, General Motors, U.S.
6 Christine Lagarde – Managing Director, International Monetary Fund, U.S.
7 Sheryl Sandberg – COO, Facebook, U.S
8 Susan Wojcicki – CEO, YouTube, U.S.
9 Meg Whitman – CEO, HP, U.S.
10 Ana Patricia Botín – Chair, Santander Group, Banco Santander