The most powerful woman in the world, German Chancellor Angela Merkel, tops the list for the third year running as the ranking democratically elected female leader.

In the last few months of her tenure, U.S. Secretary of State Condoleezza Rice (No. 7) faces a myriad of diplomatic flare-ups: an unstable Pakistan, a bellicose Russia and the long-smoldering Middle East peace question.

Prime Minister of Ukraine Yulia Tymoshenko occupies the 17th position in the Top-100 list of Forbes.

The woman with the highest public profile Sen. Hillary Rodham Clinton is only No. 28, as she garnered intense but negative media scrutiny for her failed U.S. presidential bid.


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