Caixin
Dec 15, 2016 04:02 PM
BUSINESS & TECH

China Takes Seven Spots on Forbes' Annual List of World's Most Powerful People

(Beijing) — President Xi Jinping and Premier Li Keqiang are China's two most powerful people, while three internet leaders, an entertainment mogul and top financier are the country's most powerful businessmen, according to a new Forbes ranking of the world's most powerful people.

Xi was fourth overall on the latest edition of Forbes list of the world's 74 most powerful people, behind only Russian President Vladimir Putin, U.S. President-elect Donald Trump and German Chancellor Angela Merkel.

Forbes compiles the list each year, ranking candidates based on the number of people whose lives they influence, financial resources they control, their power in multiple spheres, and how actively they use their power.

"After ascending to the presidency in 2012, Xi was quick to see the benefits of privatization-friendly reforms, and further signs of fresh thinking are everywhere," Forbes wrote. "He has a surprisingly assertive public profile, even allowing the state media to publish a day-in-the-life account of his workday."

Premier Li Keqiang was China's second-most powerful man, finishing 12th in the global ranking.

China's five other inclusions on the list all came from the business realm, including the founders of the nation's three largest internet companies. That group was led by Jack Ma of Alibaba at No. 28, followed by Pony Ma of Tencent at No. 45 and Robin Li of Baidu at No. 60.

Forbes estimated Jack Ma's fortune at $28.2 billion, followed by Pony Ma (no relation) at $24.5 billion, and Li's fortune at $12.6 billion, according to its latest list of the wealthiest Chinese.

Two other business leaders also made the list of world's most powerful people. Ding Xuedong, chairman of China's sovereign wealth fund China Investment Corp., finished at No. 41; and Wang Jianlin, founder of real estate and entertainment giant Dalian Wanda Group, finished at No. 59.

Contact reporter Yang Ge (geyang@caixin.com)

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