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Worth Announces 3rd Annual Worth Power 100: The 100 Most Powerful People in Finance

Published in the October/November 2012 issue of Worth and on Worth.com.

New York, NY (October 17, 2012) – For the third consecutive year, Worth has published its annual list of the 100 most powerful people in finance in the October/November 2012 issue today, announced Richard Bradley, editor in chief, Worth.

“Our 2012 list of the most powerful people in finance began, quite literally, the day after we went to press with the 2011 list,” said Emily Denitto, Worth’s managing editor. Since then, Worth has tracked the ups and downs of every member from the 2011 roster. Some previous honorees, such as Rupert Murdoch, Barclays’ Bob Diamond and JPMorgan’s Jamie Dimon, had years that were all too easy to report. Most of the Power 100 required more rigorous attention.

“We also watched for new faces on the finance scene,” said Bradley. “For example, Benjamin Lawsky [New York’s first superintendent of financial services] made some serious headlines when he announced his agency’s investigation of Standard Chartered bank and its laundering of Iranian money. This action resulted in a $340 million settlement within days. The moral of the story is: You only have power if you use it.”

Larger themes emerged as Worth built its list: first, a possible power shift in Washington; second, the accrual of more power by regulators and prosecutors as bank chiefs continued to stumble; and third, the people who have the power to help—or hurt—the European financial crisis.

A listing of the Worth Power 100 (listed by rank) is provided below. For complete details, please visit Worth.com.

Worth Power 100 – October/November 2012

Listed by Rank

  1. Mario Draghi, President, European Central Bank
  2. Angela Merkel, Chancellor of Germany
  3. Ben Bernanke, Chair, U.S. Federal Reserve
  4. Barack Obama, President of the United States
  5. Christine Lagarde, Managing Director, International Monetary Fund
  6. François Hollande, President of France
  7. David Cameron, Prime Minister of the United Kingdom
  8. Gary Gensler, Chair, Commodity Futures Trading Commission
  9. John G. Roberts Jr., Chief Justice of the United States
  10. Paul Ryan, Congressman; 2012 Republican Vice-Presidential Candidate
  11. Mervyn King, Governor, Bank of England
  12. Mariano Rajoy, Prime Minister of Spain
  13. Antonis Samaras, Prime Minister of Greece
  14. Shang Fulin, Chair, China Banking Regulatory Commission
  15. Zhou Xiaochuan, Governor, People’s Bank of China
  16. Richard Cordray, Director, Consumer Financial Protection Bureau
  17. Mary L. Schapiro, Chair, U.S. Securities and Exchange Commission
  18. Mitt Romney, 2012 Republican Candidate for President
  19. Warren Buffett, Chair and CEO, Berkshire Hathaway
  20. Tim Cook, CEO, Apple
  21. Lloyd Blankfein, CEO and Chair, Goldman Sachs
  22. Stefan Ingves, Governor, Sveriges Riksbank; Chairman, Basel Committee on Banking Supervision
  23. Mohamed A. El-Erian, CEO and Co-CIO, PIMCO
  24. Martin Gruenberg, Acting Chair, U.S. Federal Deposit Insurance Corporation
  25. William H. Gross, Founder, Managing Director and Co-CIO, PIMCO
  26. John Boehner, Congressman; Speaker of the House of Representative
  27. Lou Jiwei, Chair and CEO, China Investment Corporation
  28. John Stumpf, Chair, President and CEO, Wells Fargo
  29. Alexandre Tombini, Governor, Central Bank of Brazil
  30. Timothy Geithner, Secretary of the Treasury
  31. Jiang Jianqing, Chair, Industrial and Commercial Bank of China
  32. Jörg Asmussen, Executive Board Member, European Central Bank
  33. Preet Bharara, U.S. Attorney for the Southern District of New York
  34. Jamie Dimon, Chair and CEO, JPMorgan Chase
  35. Laurence D. Fink, Chair and CEO, BlackRock
  36. Eric Cantor, Congressman; Majority Leader of the House
  37. Janet Yellen, Vice Chair, Federal Reserve Board
  38. David Beers, Global Head of Sovereign Ratings and Managing Director, Standard & Poor’s
  39. Jim Yong Kim, President, World Bank
  40. Robert Khuzami, Director, Division of Enforcement, U.S. Securities and Exchange Commission
  41. Guido Mantega, Finance Minister, Brazil
  42. Boaz Weinstein, Founder and CIO, Saba Capital Management
  43. James P. Gorman, Chair and CEO, Morgan Stanley
  44. Eric T. Schneiderman, Attorney General, New York State
  45. Robert Benmosche, CEO, American International Group
  46. Bill Gates, Philanthropist
  47. Max Baucus, Senator; Chair, Senate Committee on Finance
  48. Alan Krueger, Chair, President Barack Obama’s Council of Economic Advisers
  49. Brian Moynihan, CEO, Bank of America
  50. Spencer Bachus, Congressman; Chair, House Financial Services Committee
  51. Jeffrey E. Gundlach, CEO and CIO, DoubleLine Capita
  52. Anshu Jain, Co-Chair, Deutsche Bank
  53. Jürgen Fitschen, Co-Chair, Deutsche Bank
  54. Carlo V. Di Florio, Director, Office of Compliance Inspections and Examinations, U.S. Securities and Exchange Commission
  55. Benjamin M. Lawsky, Superintendent, New York Department of Financial Services
  56. Vikram Pandit, CEO, Citigroup
  57. Cyrus Vance Jr., New York Country District Attorney, Manhattan
  58. Peter Thiel, Founder and President, Clarium Capital; Founder, the Founders Fund; Co-Founder, Mithril Capital Management
  59. Ana Patricia Botín, CEO, Santander U.K.
  60. David Einhorn, Co-Founder and President, Greenlight Capital
  61. Brady W. Dougan, CEO, Credit Suisse Group
  62. Cliff Asness, Founding and Managing Principal, AQR Capital Management
  63. Sergio P. Ermotti, Group CEO, UBS
  64. Axel A. Weber, Chairman, UBS
  65. David Bonderman, Co-Founding and Managing General Partner, TPG Capital
  66. Lael Brainard, U.S. Undersecretary of the Treasury for International Affairs
  67. Steven A. Cohen, Founder, Chairman and CEO, SAC Capital Advisors
  68. Gary Cohn, President and COO, Goldman Sachs
  69. Kenneth Griffin, Founder and CEO, Citadel
  70. High Frequency Traders
  71. H. Rodgin Cohen, Partner, Sullivan & Cromwell
  72. Henry R. Kravis, Co-Founder, Co-Chair and Co-CEO, KKR & Co.
  73. Stephen Schwarzman, Chair, CEO and Co-Founder, Blackstone Group
  74. Leon Black, Chair, CEO and Director, Apollo Global Management
  75. Ray Dalio, Founder, Bridgewater Associates
  76. David Rubenstein, Co-CEO, Co-Founder and Managing Director, The Carlyle Group
  77. William Ackman, Founder and CEO, Pershing Square Capital Management
  78. James Simons, Founder and Nonexecutive Chair, Renaissance Technologies
  79. Eric Mindich, Founder and CEO, Eton Park Capital Management
  80. Charles Munger, Vice Chair, Berkshire Hathaway
  81. Harvey Schwartz, CFO, Goldman Sachs
  82. George Soros, Chairman, Soros Fund Management
  83. Mary Callahan Erdoes, CEO, JPMorgan Asset Management
  84. Ruth Porat, EVP and CFO, Morgan Stanley
  85. Irving H. Picard, Partner, BakerHostetler; Court-Appointed Trustee
  86. John Havens, President and COO, Citigroup; CEO, Citi’s Institutional Clients Group
  87. Wesley Edens, Co-Founder, Principal and Co-Chair, Fortress Investment Group
  88. Hamilton “Tony” James, President and COO, Blackstone
  89. Seth Klarman, Founder, The Baupost Group
  90. Michael Bloomberg, Mayor of New York
  91. Daniel Loeb, Founder, Third Point
  92. Paul Krugman, Economist, Princeton University; Columnist and Blogger, the New York Times
  93. Edward “Ned” Johnson, CEO and Chair, Fidelity Investments
  94. Stuart Gulliver, Group Chief Executive, HSBC Holdings
  95. Michael Carpenter, CEO, Ally Financial
  96. Mike Mayo, Bank Analyst, CLSA
  97. Stephen Hester, Group Chief Executive, RBS Group
  98. John Griffin, Founder, Blue Ridge Capital
  99. Edward Lampert, CEO, ESL Investment
  100. Dan Doctoroff, CEO and President, Bloomberg

About Worth

Worth (www.worth.com), published by SANDOW (http://www.sandow.com), addresses the relevant financial, legal and lifestyle issues unique to high net worth individuals. With stories ranging from dynamic wealth creators to expert advice on wealth management, the magazine is organized into three sections: ‘Make’ focuses on wealth creation and entrepreneurship; ‘Grow’ centers on wealth management and investing; and ‘Live’ highlights philanthropy, lifestyle and passion investing. Worth is mailed six times a year to individuals listed on a proprietary database of high net worth households in major markets. The magazine is also available on a limited basis at select newsstands, with a cover price of $18.95, and via SANDOW’s exclusive network of newsstands at leading private airports nationwide.