1. Vladimir Putin
Who’s more powerful: the omnipotent head of a corroding but still feisty power or the handcuffed head of the most dominant country in the world? This year’s snapshot of power puts the Russian President on top. Putin has solidified his control over Russia (“dictator” is not longer an outlandish word to ponder) and the global stage. Anyone watching the chess match over Syria has a clear idea of the shift in the power towards Putin. The ex-KGB strongman--who controls a nuclear-tipped army, a permanent seat on the UN Security Council and some of the world's largest oil and gas reserves—is allowed to serve two more terms, which could keep him office until 2024.2. Barack Obama

His signature legislation, Obamacare, is under fire, U.S. allies are outraged over NSA surveillance overseas and the government shutdown for 16 days in October begs the question: who's in control here? It appears that President Obama's lame duck period has set in earlier than usual for a two-term president, causing him to drop one notch from the No. 1 spot. To be sure, though, the leader of the free world remains in charge of the the most powerful nation in the world, with the largest, most innovative economy and the deadliest military.
3. Xi Jinping
4. Pope Francis
5. Angela Merkel
The world's most powerful woman is the backbone of the 27-member European Union and carries the fate of the euro on her shoulders. Merkel's hard-line austerity prescription for easing the European debt crisis has been challenged by both hard-hit southern countries and the more affluent north, most particularly French President Francois Hollande. Merkel is fresh off a commanding reelection victory, and has served as ¬chancellor since 2005; the first woman in the position.Merkel has earned the top spot on the FORBES list of Most Powerful Women In The World for eight of the past 10 years.6. Bill Gates
7. Ben Bernanke
Big Ben is stepping down as of January 31, 2014, and Janet Yellen has been nominated to lead the Fed next year. Bernanke has served as chairman during some of the biggest financial challenges since the Depression. The former Princeton professor’s decisive actions and policies helped to avert a global economic meltdown during late 2000s fiscal crisis, and jump-started a still-moderate U.S. recovery. The American economy's "adult in the room" has said that there is only so much the Fed can do; politicians are the ones with the power to keep us from going over a fiscal cliff.8. Abdullah bin Abdul Aziz Al Saud
Saudi Arabia's aging monarch holds the keys to two of Islam's holiest mosques and the world's second largest crude oil deposit of 265 billion barrels, amounting to 20% of the world's reserves. The Kingdom boasts a $727 billion GDP, putting it in the top 20 richest countries worldwide. But with 12% of nationals without a job, including 25% of its under 25s, the king has pushed $130 billion at unemployment funds and housing projects in recent years.9. Mario Draghi

As chief banker of the world's largest ¬currency area--the euro zone's collective GDP is now nearly $17 trillion--Draghi faces the Herculean task of trying to maintain financial unity across 17 countries. But if anyone can wrangle the interests of nations as diverse as Germany and Greece, it might be the man who navigated the minefield of Italian politics so deftly that he earned himself a nickname: "Super Mario
10. Michael Duke
Duke heads the world's No. 1 retailer ($470 billion in 2012) and biggest private employer (2.2 million employees). Wal-Mart can make or break a company simply by deciding to stock its product. Last year Sweden's $785 billion in assets sovereign wealth fund (none bigger) dropped its Wal-Mart stock – reportedly worth about $140 billion -- on advice from its Ethical
Council that cited a "serious and systematic abuse of workers' rights."

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