Forbes Magazine has named Russian PresidentVladimir Putin and U.

S.

President-elect Donald Trump as the two most powerful people in theworld.

Putin tops the list for the fourth year ina row, with the business magazine citing Russia's far-reaching influence around the world, fromSyria to the U.

S.

Trump's election win earns him second spot,with outgoing President Barack Obama dropping down the list from third to 48th.

The rest of the top five includes Angela Merkel,the highest placed woman, Chinese President Xi Jinping, and Pope Francis.

The 74 people on the list, now in its eighthyear, were judged on how many people they have power over, their financial resources,whether they influence more than one sphere, and how actively they wield their power.