SEC’s Mary Jo White tops list, newly nominated Fed Chair Janet Yellen Ranks #21 and controversial hedge funder Steven A. Cohen Lands at #25.
NEW YORK, October 15, 2013 – For the fourth 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 2013 issue, today announced Worth Editor-in-Chief Richard Bradley.
“This year’s list is compelling in many ways, starting with the fact that a woman, SEC chair Mary Jo White, holds the top spot for the first time,” said Bradley. “What we saw over the last 12 months was really a clash of the titans—the most powerful figures at the country’s biggest banks squaring off against the most powerful regulators and prosecutors in Washington and New York.”
Over the past four years, Worth has tracked the ups and downs of every member from previous rosters. Some past honorees, such as Bill Gates, Peter Thiel, and Warren Buffett, dropped in ranking and others, including John Boehner and Tim Cook, dropped off the list this year entirely. Those making their first appearance on the Power 100 include Carl Icahn (#33), Eric H. Holder Jr. (#73), Elizabeth Warren (#27) and Barclays CEO Antony Jenkins (#59).
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:
#2 – Barack Obama, President of the United States (+2 spots from ’12)
#10 – Jack Lew, Secretary of the Treasury (New to List)
#11 – John G. Roberts Jr., Chief Justice of the Supreme Court (+2 spots from ’12)
#12 – Ben Bernanke, Chairman, U.S. Federal Reserve (-9 spots from ’12)
#20 – Jeb Hensarling, U.S. Congressman; Chairman, House Committee on Financial Services (New to List)
#22 – Larry Summers, economist and erstwhile candidate to chair the Federal Reserve (New to List)
#3 – Xi Jinping, President, People’s Republic of China (New to List)
#4 – Angela Merkel, Chancellor of Germany (-2 spots from ’12)
#6 – David Cameron, Prime Minister of the United Kingdom (+1 spot from ’12)
#8 – Francois Hollande, President of France (-2 spots from ’12)
#9 – Kevyn Orr, Emergency Manager, Detroit (New to List)
#7 – Preet Bharara – U.S. Attorney for the Southern District of New York (+26 spots from ’12)
#18 – Rick Perry, Governor of Texas (New to List)
#81 – Michael Bloomberg, Mayor of New York City (+9 spots from ’12)
Women in Finance
#1 – Mary Jo White, Chairman, Securities and Exchange Commission (New to List)
#21 – Janet Yellen, Vice Chair, Federal Reserve Board and Newly Nominated Fed Chair
(+16 spots from ’12)
#87 – Marianne Lake, CFO, JPMorgan Chase (New to List)
#93 – Abigail Johnson, President, Fidelity Financial Services (New to List)
#25 – Steven A. Cohen, Founder, Chair and CEO, SAC Capital Advisors (+22 spots from ’12)
#28 – Daniel Loeb, Founder, Third Point (+63 spots from ’12)
#42 – Ray Dalio, Founder, Bridgewater Associates (+33 spots from ’12)
The following dropped off the list entirely this year:
Bill Ackman – Founder, Pershing Square Capital Management (#77 in ’12)
John Boehner – Speaker, U.S. House of Representatives (#26 in ’12)
Tim Cook – CEO, Apple (#20 in ’12)
Dan Doctoroff – CEO, Bloomberg LP (#100 in ’12)
The complete list can be found in the October/November issue, on newsstands October 22 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.