Putin Tops Forbes World’s Most Powerful People List for 2nd Year!

Russian President Vladimir Putin was named the world's most powerful person by Forbes for the second year running, while US President Barack Obama took second place.

     "For the second year running, our votes went with the Russian president as the world's most powerful person, followed by U.S. President Barack Obama and Chinese leader Xi Jinping," the article accompanying the list published Wednesday said.

The annual ranking is based on a voting by a panel of journal's editors, who consider parameters like the person's scope and use of power, the number of people impacted by the person in question and financial resources.

Forbes argues that the ranking singles out people, who "wield the kind of power that shapes and bends the works, and moves people, markets, armies and minds."

In 2012, Putin was in third place on the list, while Obama took first place that year. The Russian leader was also been named Person of the Year by Time magazine in 2007, and was named The Times International Person of the Year in 2013.

RIA Novosti