Forbes said 58-year old Kayani took lead on flood crisis, "controls Pakistan's powerful intelligence agency and recently demanded President Zardari and Prime Minister Gilani dismiss corrupt members of their bloated 60-member cabinet." His term was extended for three years in July. Saudi King Abdullah bin Abdul Aziz al Saud is ranked third, followed by Russian Prime Minister Vladimir Putin (4), Pope Benedict XVI (5), German Chancellor Angela Merkel (6), UK Prime Minister David Cameron (7), Federal Reserve Chairman Ben Bernanke (8).
Hu Jintao, 67, occupies the top slot for being the "paramount political leader of more people than anyone else on the planet" and one who "exercises control over 1.3 billion people, one-fifth of world's population." His country, which refuses to "kowtow" to US pressure to change its exchange-rate regime, recently surpassed Japan to become the world's second-largest economy both in absolute and purchasing power terms. China is also poised to overtake the US as the world's largest economy in 25 years.
"Creditor nation oversees world's largest reserves at 2.65 trillion dollars - 1.5 trillion dollars of which is in US dollar holdings," Forbes said. Forbes said the second most powerful person in the world is Obama who has slipped in this year's ranking after occupying the top slot last year. His Democratic Party suffered a mighty blow in the just concluded US midterm elections, with the President decisively losing support of the House of Representatives and barely holding onto the Senate, Forbes said.
The 49-year old first African-American President of the US can however "take comfort" in the fact that he remains commander-in-chief of the world's largest, deadliest military, leader of world's largest - in spending - and most dynamic economy and holds the unofficial title of "Leader of the Free World," Forbes said.
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