Holding on to her title for the sixth year in a row, German Chancellor Angela Merkel tops Forbes’ annual list of the most powerful women in the world.

In second place is Hillary Clinton, who has just clinched the Democratic nomination and is the first woman to advance this far in a US presidential race. Janet Yellen, the first female chair of the US Federal Reserve, is third.

The world's 10 most powerful women
Image: Forbes

The top 10 is dominated by women from the United States, who take seven of the 10 spots. Overall, the US is home to more than half of the 100 women on Forbes’ list.

However, China has a record nine women featuring in this year’s top 100. Lucy Peng, CEO of Alibaba, is the highest-ranked Chinese woman at 35th, followed closely by Margaret Chan, Director-General of the World Health Organization, in 38th place.

The Asia-Pacific region accounts for a quarter of the top 100 women, the highest number since the survey began.

Moira Forbes, president and publisher of Forbes Women, said: “These are positive trends as women are ascending more into positions of traditional business corporate power but also political power.”

 Margaret Chan, Director-General of the World Health Organization (WHO), smiles after a news conference ahead of the 69th World Health Assembly in Geneva, Switzerland May 17, 2016. REUTERS/Denis Balibouse - RTSEN8F
Image: REUTERS/Denis Balibouse

The list features women from 29 countries across a range of sectors such as politics, business, technology and philanthropy.

These 100 women have a combined global influence of more than 3.6 billion people and control $1 trillion in revenue.

The list includes 32 chief executives, 12 world leaders and 11 billionaires, nine of whom have built companies from scratch.

Federica Mogherini, High Representative of the EU for Foreign Affairs and Security Policy, jumped the most places, from 36th in 2015 to 19th this year.

Britain’s Queen Elizabeth II moved up 12 places to 29th.

 Queen Elizabeth II smiles as she walks past a bronze bust of herself during a visit to the Honourable Artillery Company June 1, 2016 in London, Britain. REUTERS/Chris Jackson/Pool - RTX2F7JZ
Image: REUTERS/Chris Jackson/Pool

Women in politics make up almost a quarter of the top 100 women.

Commenting on Angela Merkel securing the top spot yet again, Moira Forbes noted: “She’s not only the head of the fourth largest economy in the world but she’s defied existential political and economic challenges to the EU.”

Just missing out on the top 10 is Park Geun-hye, President of South Korea, who comes 12th overall, followed closely by the US First Lady, Michelle Obama.

Two other female presidents make it into the top 20: Tsai Ing-wen, President of Taiwan and Michelle Bachelet, President of Chile.

Pew Research Center reported in 2015 that the number of female world leaders has more than doubled since 2005, accounting for about one in 10 of today’s heads of United Nations member states.

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