Taiwan's Tsai Ing-wen ranked as world's 40th most powerful woman

Angela Merkel tops Forbes' list of 100 most powerful women of 2018

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Taiwan President Tsai Ing-wen (Photo courtesy of Presidential Office)

Taiwan President Tsai Ing-wen (Photo courtesy of Presidential Office)

TAIPEI (Taiwan News) - Forbes released its annual World's 100 Most Powerful Women list for 2018, with German Chancellor Angela Merkel topping the list for the eighth year in a row, and Taiwan's President Tsai Ing-wen (蔡英文) ranking 40th on the list.

The top ten most powerful women for this year are German Chancellor Angela Merkel, UK Prime Minister Theresa May, IMF Managing Director Christine Lagarde, General Motors CEO Mary Barra, Fidelity CEO Abigail Johnson, Bill & Melinda Gates Foundation Co-chair Melinda Gates, YouTube CEO Susan Wojcicki, Banco Santander SA Chairman Ana Botin, Lockheed Martin CEO Marillyn Hewson and IBM CEO Ginni Rometty.

President Tsai Ing-wen fell 25 spots from the publication's 2017 list to the 40th place for 2018.

In its description of Tsai, after noting she is Taiwan's first female leader, the magazine touches on relations with the U.S. and on her resignation as head of the Democratic Progressive Party after the party's major defeat in local elections. It says, however, Tsai "faces no obvious challengers for 2020."

Merkel, May, Queen Elizabeth II, Ivanka Trump, Bangladesh's Sheikh Hasina Wajed, New Zealand's Jacinda Ardern, Hong Kong leader Carrie Lam (林鄭月娥), and Norway's Erna Solberg are all political figures ahead of Tsai on the list, which features numerous business leaders.

Other well-known figures on the list include Facebook COO Sheryl Sandberg (11th), Oprah Winfrey (20th), iconic U.S. Vogue editor Anna Wintour (48th), American singer Beyoncé Knowles (50th), Peng Liyuan (65th), the wife of Chinese Chairman Xi Jinping, American singer Taylor Swift (68th) and American professional tennis player Serena Williams (79th).