Forbes names \Russian President Vladimir Putin world’s most powerful man

Russian President Vladimir Putin chairs a meeting of the Council for Strategic Development and Priority Projects at the Kremlin in Moscow on November 25, 2016. (Photos by AFP)
Russian President Vladimir Putin has once again come first on Forbes magazine’s list of the world's most powerful people followed by US President-elect Donald Trump.
The Forbes list, released on Wednesday, is compiled in consideration of the candidates' financial resources, their power in multiple spheres over a large number of people, and if they actively used their power.
It lists 74 people  one for every 100 million of the planet’s inhabitants – annually and is currently in its eighth year.  
2016 is the fourth consecutive year that Putin has come in first place in the list.
“Forbes’s list this year of the world’s most powerful people reflects rapid and profound change happening around the globe,” said Forbes contributing editor David Ewalt.  
US President-Elect Donald Trump speaks to supporters at a Thank You Tour 2016 rally in West Allis, Wisconsin, on December 13, 2016.
“The biggest trend this year is likely the rise to power of Donald Trump, as well as the increasing power of his supporters and allies,” he added.
Trump’s rising from last year’s number 72 on the list to second place is the biggest jump registered so far by Forbes.
German Chancellor Angela Merkel talks to relatives of soldiers and policemen who are on duty abroad, during a meeting at the Chancellery on December 14, 2016.
German Chancellor Angela Merkel came in third place and still retains the top spot of the world’s most powerful woman.
British Prime Minister Theresa May arrives to attend the ceremonial welcome at the start of the three-day state visit of Colombian President Juan Manuel Santos (not pictured) at Horse Guards Parade in central London on November 1, 2016.
This year British Prime Minister Theresa May became a new addition to the list, coming in at number 13.