NEW YORK, October 6, 2014 – For the fifth consecutive year, Worth, the definitive personal finance and lifestyle magazine for high net worth readers, has published its annual list of the 100 most powerful people in finance in its October/November 2014 issue, Worth Editor-in-Chief Richard Bradley announced today.
“The most powerful person in finance should be a leader, an innovator, a visionary and a disruptor,” said Bradley. “We found that, in the world of finance, the person who best fit those descriptions wasn’t a banker or hedge fund manager, but a prosecutor—United States attorney for the Southern District of New York Preet Bharara.”
Over the past five years, Worth has tracked the ups and downs of every member from previous rosters. Some past honorees have continued to gain influence, such as Federal Reserve Chair Janet Yellen (#2, up from #21 in 2013 and #37 in 2012), while others have slipped in ranking, such as 2013’s No. 1-ranked SEC Chair Mary Jo White (#15) and JPMorgan Chase Chairman and CEO Jamie Dimon (#25, ranked #13 in 2013). Others, including Bill Gates and controversial economist Larry Summers, dropped off the list this year entirely.
Among those making their first appearance on the Power 100 are New York City Mayor Bill DeBlasio (#20), Senator Rand Paul (#39), American International Group President and CEO Peter Hancock (#42), Chicago-based HighTower Advisors Founder and CEO Elliot Weissbluth (#91) and Timothy Draper (#98), founding partner of Silicon Valley investment firm Draper Fisher Jurvetson.
In order to compile the Power 100, Worth’s editorial team goes through a rigorous selection process, which includes close monitoring of the comings and goings of both past honorees and newcomers to the scene, as well as talking to industry influencers.
Highlights from the Worth Power 100 are below:
The Top 10
#1 – Preet Bharara, U.S. Attorney for the Southern District of New York (+6 spots from 2013)
#2 – Janet Yellen, Chair, Federal Reserve (+19 spots from 2013)
#3 – Barack Obama, President of the United States (-1 spot from 2013)
#4 – Xi Jinping, President, People’s Republic of China (-1 spot from 2013)
#5 – Angela Merkel, Chancellor of Germany (-1 spot from 2013)
#6 – Mario Draghi, President, European Central Bank (-1 spot from 2013)
#7 – David Cameron, Prime Minister of the United Kingdom (-1 spot from 2013)
#8 – Eric Holder, Jr., Attorney General of the United States* (+65 spots from 2013)
#9 – James Gorman, Chairman and CEO, Morgan Stanley (+22 spots from 2013)
#10 – John G. Roberts, Jr., Chief Justice of the United States Supreme Court (+1 spot from 2013)
*Holder resigned his post just days after Worth’s issue went to print
#3 – Barack Obama, President of the United States
#10 – John G. Roberts Jr., Chief Justice of the United States Supreme Court
#11 – Jack Lew, Secretary of the Treasury
#39 – Rand Paul, U.S. Senator, Kentucky
#40 – Elizabeth Warren, U.S. Senator, Massachusetts
#41 – Tony West, Associate Attorney General of the United States
#45 – Jeb Hensarling, U.S. Representative, Texas
#70 – Paul Ryan, U.S. Representative, Wisconsin
New York Notables
#20 – Bill DeBlasio, Mayor of New York City
#28 – Benjamin Lawsky, Superintendent of Financial Services, New York State
#31 – Jed S. Rakoff, U.S. District Judge for the Southern District of New York
#35 – Eric Schneiderman, Attorney General of New York State
#42 – Peter Hancock, President and CEO, AIG
#94 – Paul Krugman, Economist, Princeton University; New York Times Columnist and Blogger
Gone, But Not Forgotten
The following dropped off the list entirely this year:
Mohamed El-Erian, CEO and Co-CIO, PIMCO
Bill Gates, Philanthropist
Larry Summers, Economist
The complete list can be found in the October/November issue and on Worth.com/Power100.
Worth (http://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 four sections: ‘Make’ focuses on wealth creation and entrepreneurship; ‘Grow’ centers on wealth management and investing; ‘Live’ highlights philanthropy, lifestyle and passion investing; and ‘Curator’ covers luxury products, services and experiences.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.