Putin topples Obama in Forbes power ranking

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Having outfoxed him on Syria, Russian President Vladimir Putin has pipped Barack Obama to the title of the world’s most powerful leader as ranked by Forbes on Wednesday. It was the first time in three years that the US president has dropped to second place on the magazine’s list and came as US-Russia relations slid to a new low. Putin, who has enjoyed 13 years of dominant rule over Russia, was again elected president in March 2012. Obama, on the other hand, has just emerged scathed from an embarrassing 16-day US government shutdown caused by a budget and debt crisis in Washington. “Putin has solidified his control over Russia, while Obama’s lame duck period has seemingly set in earlier than usual for a two-term president, latest example: the government shutdown mess,” wrote Forbes. Third prize went to Chinese President Xi Jinping, who is expected to rule for a decade in which China is set to eclipse the US as the world’s largest economy. Pope Francis made his debut at number four and German Chancellor Angela Merkel rounded out the top five. Among 13 newcomers were Samsung Chairman Lee Kun-Hee at number 41 and Nigerian billionaire Aliko Dangote, the richest man in Africa, in at number 64. There were 17 heads of state who run nations with a combined GDP of $48 trillion and 27 CEOs and chairs who control over $3 trillion in annual revenues.