The Power 100 | The 100 Most Powerful People in Finance

Bankers fighting regulators. Hedge fund leaders taking on thought leaders. Heads of state squaring off against other heads of state. Welcome to WORTH'S annual list of the 100 most powerful people in finance.

 

Portrait illustrations by Evgeny Parfenov.
  • Rank

  • Name

  • Path to Power | Power Play

  •  

    01

  • Mary Jo White

    Chair, Securities and Exchange Commission

  • White has vigorously pushed investigations, enforcement actions and prosecutions against financial sinners; in just six months she has...
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    02

  • Barack Obama

    President of the United States

  • Since his re-election, Obama has been pelted with both national tragedies (Sandy Hook, the Boston Marathon) and political scandals (the...
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    03

  • Xi Jinping

    President, People's Republic of China

  • Xi is looking to boost the image of the corrupt Communist Party by instituting large-scale reforms, including a ban on the construction...
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    04

  • Angela Merkel

    Chancellor of Germany

  • Merkel remains one of Europe's most polarizing figures but is expected to win her third term in office in September. She takes a hard...
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    05

  • Mario Draghi

    President, European Central Bank

  • Draghi's promises of a eurozone recovery by early 2013 fell flat. Bank lending is still constipated; EU unemployment remains high; the...
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    06

  • David Cameron

    Prime Minister, United Kingdom

  • With an election looming in May 2015, the British economy seems to be on the uptick, albeit painfully slowly. Growth is expected to...
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    07

  • Preet Bharara

    U.S. Attorney for the Southern District of New York

  • The Wall Street sheriff took aim at his biggest target in July: SAC Capital and its founder, Steve Cohen. Bharara charged the massive...
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    08

  • François Hollande

    President of France

  • Hollande has had a miserable year. While France continues to sink under the weight of record unemployment and a growth rate of only...
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    09

  • Kevyn Orr

    Emergency Manager, Detroit

  • In mid-July, having failed to persuade Detroit's creditors to accept pennies on the dollar for the amounts owed to them, Orr filed for...
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    10

  • Jack Lew

    Secretary of the Treasury

  • Lew doesn't seek a lot of attention, and even as Treasury secretary, he doesn't get it. But he has the president's ear—and confidence...
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    11

  • John G. Roberts Jr.

    Chief Justice of the United States

  • The Roberts Supreme Court has issued major rulings this year, including significant pro-business judgements: In June, three decisions...
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    12

  • Ben Bernanke

    Chairman, Federal Reserve

  • The question of the day is how the markets will respond to the Fed's tapering, its diminished schedule of bond-buying. Or is it how...
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    13

  • Jamie Dimon

    Chairman and CEO, JPMorgan Chase

  • In May Dimon decisively won a shareholder vote over whether he should be prohibited from serving as both CEO and chairman of the bank,...
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    14

  • Mark Carney

    Governor, Bank of England; Chairman, G20's Financial Stability Board

  • Carney assumed his role at BoE on July 1 and quickly made fans; the FTSE rose about 6 percent during his first week on the job. At his...
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    15

  • Christine Lagarde

    Managing Director, International Monetary Fund

  • Lagarde might want to forget this year. In March, police raided her apartment, seeking information about alleged misuse of public funds...
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    16

  • Richard Cordray

    Director, Consumer Financial Protection Bureau

  • It took more than two years of politicking and persuasion, but Cordray finally received Senate confirmation in July. His top concerns...
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    17

  • Li Keqiang

    Premier, People's Republic of China

  • In May, Li announced plans to drastically reduce the government's role in the economy in favor of a market-controlled system with more...
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    18

  • Rick Perry

    Governor of Texas

  • Texas may be the most business-friendly state in the nation, and Perry is a big reason why: He passionately advocates for low personal...
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    19

  • Lloyd Blankfein

    Chairman and CEO, Goldman Sachs

  • Goldman beat expectation with second quarter earnings, which doubled to $1.93 billion versus $962 million a year earlier. And in 2012,...
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    20

  • Jeb Hensarling

    U.S. Congressman

  • A critic of what he calls the "Washington insider economy," Hensarling opposed the Fed's financial bailout plan in 2008 as a government...
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    21

  • Janet Yellen

    Vice Chairman, Federal Reserve Board of Governors

  • Unlike her rival for the Fed chair, Larry Summers, Yellen has always been a low-profile economist, an academic star better known to her...
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    22

  • Larry Summers

    Professor, Harvard University

  • Though he won't now be the next chair of the Fed, Summers has permanently changed the unwritten rules of that once-staid institution....
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    23

  • Shinzo Abe

    Prime Minister of Japan

  • Abe is wasting no time implementing "abenomics," a bold mix of reflation and economic stimulus, to jolt Japan out of its nearly two...
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    24

  • Laurence Fink

    Chairman and CEO, BlackRock

  • BlackRock bought the exchange-traded funds unit of Credit Suisse Group for $17.6 billion in July, solidifying the top ranking of its...
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    25

  • Steven A. Cohen

    Founder, SAC Capital Advisors

  • For almost a decade the Feds—mainly, the SEC, FBI and U.S. district attorney for New York Preet Bharara—have been investigating the...
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    26

  • Michael Corbat

    CEO, Citigroup

  • Quickly taking charge, Corbat announced he would cut 11,000 employees, sold of $18 billion in troubled loans and Citi's remaining stake...
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    27

  • Elizabeth Warren

    U.S. Senator

  • Warren ran as a Wall Street reformer, and one of her first moves as a freshman senator was a proposed revival of Glass-Steagall. Next...
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    28

  • Daniel Loeb

    Founder, Third Point

  • When, in late 2012, hedge funder Bill Ackman shorted some 20 million shares of Herbalife, arguing that the supplement company was a...
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    29

  • Warren Buffett

    Chairman and CEO, Berkshire Hathaway

  • Although Buffett has been off his game in recent months, with his stock picks slightly underperforming the S&P 500, investors still...
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    30

  • Martin Gruenberg

    Chairman, Federal Deposit Insurance Corporation

  • Gruenberg's belated November 2012 confirmation seems to have invigorated the regulator. Now, with his five-year term cemented,...
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    31

  • James Gorman

    Chairman and CEO, Morgan Stanley

  • This has been a strong year for Morgan Stanley, with profits up dramatically from 2012. In June, the bank acquired the final 35 percent...
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    32

  • Haruhiko Kuroda

    Governor, Bank of Japan

  • In February, Japanese Prime Minister Shinzo Abe picked Kuroda to lead the very institution he has most criticized—the Bank of Japan....
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    33

  • Carl Icahn

    Chairman, Icahn Enterprises

  • Icahn has made headlines throughout 2013 for his fight with hedge funder Bill Ackman, who shorted nutritional supplement seller...
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    34

  • Anshu Jain

    Co-CEO, Deutsche Bank

  • Jain has been busy fending off regulators who dislike DB's universal banking model and leverage ratio. But in June, having boosted the...
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    35

  • Jörg Asmussen

    Executive Board Member, European Central Bank

  • In July, while protestors in Greece, Belgium and elsewhere staged heated demonstrations to protest austerity measures, Asmussen...
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    36

  • Brian Moynihan

    CEO, Bank of America

  • Moynihan helped revive BofA after a disastrous 2011: In 2012, shares rose 109 percent and net income soared 189 percent. Now with most...
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    37

  • Eric Cantor

    U.S. Congressman

  • Cantor is a player in shaping his party's fiscal policy and related political strategy, and perhaps even more than House Speaker John...
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    38

  • John Stumpf

    Chairman, President and CEO, Wells Fargo

  • Crisis? What crisis? Stumpf has grown Wells Fargo into the world's largest bank in terms of market cap, dethroning the ICBC in June. He...
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    39

  • Jeroen Dijsselbloem

    Dutch Finance Minister; Eurogroup President; President, Board of Governors of the European Stability Mechanism

  • In February, Dijsselbloem nationalized SNS Reaal, the Dutch financial institution, preventing its bankruptcy. The next month, he took a...
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  •  

    40

  • Zhou Xiaochuan

    Governor, People's Bank of China

  • Zhou was reappointed governor of PBOC in March, making him the longest-serving central bank governor in the G-20. China needs Zhou to...
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    41

  • Robert Benmosche

    CEO, American International Group

  • Last December the government sold the last of its stake in AIG—once as much as 92 percent of the company's shares, worth $182 billion...
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    42

  • Ray Dalio

    Founder, Bridgewater Associates

  • Dalio's "Principles," an elucidation of his ideas about life and investing, are read by execs throughout the industry, and Dalio has...
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    43

  • Ross McEwan

    CEO, RBS

  • In early August, McEwan, who will make £1 million a year, waived his signing bonus in an attempt to dodge the public pay problems that...
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  •  

    44

  • Stefan Ingves

    Governor, Sveriges Riksbank; Chairman, Basel Committee on Banking Supervision

  • Ingves remains active in the campaign for the implementation of Basel III, with its new minimum leverage ratio. And Ingves, who heads...
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  •  

    45

  • Eric Schneiderman

    Attorney General, New York State

  • Schneiderman is advancing mortgage-related lawsuits against Bank of America, Wells Fargo and HSBC. In July, he pressured Thomson...
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    46

  • Zhu Changhong

    Chief Investment Officer, China's State Administration of Foreign Exchange

  • Zhu is diversifying away from SAFE's standby, U.S. Treasuries, and moving into riskier investments such as Japanese equities, private...
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    47

  • Jürgen Fitschen

    Co-CEO, Deutsche Bank

  • After hundreds of police searched Deutsche Bank's headquarters in December 2012, authorities confirmed that Fitschen was under...
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    48

  • Jiang Jianqing

    Chairman, Industrial and Commercial Bank of China

  • Jiang has helped turn the ICBC into the most profitable bank in China; in terms of Tier 1 capital, ICBC recently surpassed JPMorgan and...
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    49

  • David Tepper

    Founder, Appaloosa Management

  • Tepper was the highest paid hedge fund manager in 2012, adding $2.2 billion to his wealth, and 2013 is looking to be another banner...
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    50

  • Gene Sperling

    Director, National Economic Council

  • An advisor to Hillary Clinton in 2008, Sperling got a job at Treasury through the intervention of old friend Larry Summers and was...
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  •  

    51

  • Andrew Ceresney

    Codirector of the Divison of Enforcement, Securities and Exchange Commission

  • The SEC's White era promises to be heavy on prosecution: The new team's first victory came in August, when a jury found former Goldman...
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    52

  • Jim Yong Kim

    President, World Bank

  • The World bank distributed $53 billion in financial aid in 2012, but at IMF meetings this past spring, Kim found himself forced to...
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  •  

    53

  • Jeffrey Gundlach

    CEO and CIO, DoubleLine

  • He's been called the "bond whisperer," but Gundlach is diversifying into equities; the move comes as concern over interest rates is...
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    54

  • Ahmad Al Sayed

    CEO, Qatar Investment Authority

  • Now in his late thirties, Al Sayed is widely considered to be a tough negotiator and savvy dealmaker, and his appointment came only a...
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  •  

    55

  • Alexandre Tombini

    Governor, Central Bank of Brazil

  • Tombini has endured his share of setbacks over the past year: S&P downgraded the outlook on Brazil's already dismal BBB rating; he is...
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    56

  • Henry Kravis

    Co-Chairman and Co-CEO, KKR

  • KKR recently introduced a new payout policy that shares 40 percent of all investment profits with shareholders—boosting shares and...
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    57

  • Leon Black

    Chairman, CEO and Director, Apollo Global Management

  • Apollo has made some high-profile buys this year, including Twinkie-maker Hostess Brands and publisher McGraw-Hill Financial's...
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    58

  • Jon Wellinghoff

    Chairman, Federal Energy Regulatory Commission

  • It has been Wellinghoff versus Wall Street since the FERC chairman took the post. His most recent target has been JPMorgan: After...
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    59

  • Antony Jenkins

    Group CEO, Barclays

  • Jenkins is taking bold steps to counter pressure from British regulators, who say Barclays is undercapitalized to face future financial...
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    60

  • Jason Furman

    Chairman, Council of Economic Advisors

  • With National Economic Council director Gene Sperling leaving and Treasury secretary Jack Lew not known for policymaking, Furman is...
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    61

  • Bill Gates

    Philanthropist

  • Gates, who this spring regained his title as the world's richest man from Mexican telecom mogul Carlos Slim, saw the Giving Pledge...
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    62

  • Cyrus Vance Jr.

    New York County District Attorney, Manhattan

  • Since December, Vance helped win settlements in fraud cases from Standard Chartered ($327 million), HSBC ($1.92 billion) and Siemens (...
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    63

  • Mohamed El-Erian

    CEO and Co-CIO, PIMCO

  • El-Erian has a legendary and loquacious partner at PIMCO, Bill Gross, but in recent years El-Erian has become the firm's more public...
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    64

  • Ana Patricia Botín

    CEO, Santander UK

  • The heiress to Spain's most powerful banking family is expected to take over for her father, but Botín has had to deal with a 25...
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    65

  • Stephen Schwarzman

    Chairman, CEO and Cofounder, Blackstone Group

  • Schwarzman is setting up a $300 million scholarship fund that will cover expenses for 200 students annually as they pursue a one-year...
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    66

  • David Rubenstein

    Cofounder and Co-CEO, The Carlyle Group

  • Rubenstein entered the year bullish about private equity, calling 2013 "the best time for fundraising in at least the last five years."...
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    67

  • Gary Gensler

    Chairman, Commodities Futures Trading Commission

  • Gensler has survived rumors of being secretly fired and criticisms of his handling of last year's MF Global debacle. Though expected to...
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    68

  • Hal Rogers

    U.S. Representative

  • Rogers is old-school: He smokes cigars, sends pork to his district and in 2012, won reelection by 56 percent of the vote. And he likes...
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    69

  • Brady Dougan

    CEO, Credit Suisse Group

  • Credit Suisse missed profit estimates in 2012 and 2013 is seen as Dougan's make-or-break year—but so far, so good: Dougan's renewed...
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    70

  • Ding Xuedong

    Chairman, China Investment Corp.

  • Chinese leaders want Ding to beef up CIC's returns; Ding also faces pressure from the State Administration of Foreign Exchange, China's...
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    71

  • Gary Cohn

    President and COO, Goldman Sachs

  • Even as Goldman has regained its Wall Street mojo, Cohn is increasingly seen as the firm's Prince Charles—impatiently waiting for the...
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    72

  • Bill Gross

    Cofounder, Managing Director and Co-CIO, PIMCO

  • The bond market has tumbled this summer over concerns that the Fed will soon reduce its bond buying, but Gross has urged bond...
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    73

  • Eric H. Holder Jr.

    Attorney General of the United States

  • In March, Holder suggested that some banks couldn't be prosecuted because of the damage the cases might inflict on the world economy....
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    74

  • Cliff Asness

    Cofounder, AQR Capital Management

  • One of the most outspoken members of the hedge fund community, Asness recently acknowledged that not all hedge fund products are worth...
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    75

  • Harvey Schwartz

    CFO, Goldman Sachs

  • Schwartz took over after the retirement of David Viniar, one of Wall Street's longest-tenured financial chiefs, and is said to be...
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    76

  • Xiao Gang

    Chairman, China Securities Regulatory Commission

  • Xiao is tackling the $6 trillion shadow banking industry with fellow regulator Shang Fulin and cracking down on investor fraud: Since...
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    77

  • Sergio Ermotti

    Group CEO, UBS

  • While 2012 didn't end well for Ermotti and UBS, 2013 has been better: UBS enjoyed a profitable first quarter, and Ermotti is overseeing...
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    78

  • Axel A. Weber

    Chairman, UBS

  • It hasn't been an easy year for Weber; UBS admitted guilt in the Libor case and paid out some $2 billion in legal settlements. But...
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    79

  • Stuart Gulliver

    Group CEO, HSBC Holdings

  • As CEO, Gulliver has overhauled the bank, eliminating $4 billion in costs, cutting 46,000 jobs and shedding 52 businesses. In July, a...
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    80

  • Paul Ryan

    U.S. Representative

  • Ryan was more popular within his party in 2012 than his running mate, and he remains well-liked; out of a list of potential 2016...
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    81

  • Michael Bloomberg

    Founder, Bloomberg LP; Mayor of New York

  • Bloomberg's legacy will shape New York's future: sweeping post-Sandy infrastructure plans; public health activism; gun-control...
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    82

  • Seth Klarman

    Founder, The Baupost Group

  • One of the sharpest minds in the hedge fund world, the value investor lashed out against quantitative easing after a Ben Bernanke...
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    83

  • David Bonderman

    Cofounding and Managing General Partner, TPG Capital

  • It's go-go time again! Bonderman, who defined extravagant celebrations a decade ago with over-the-top birthday parties, went big for...
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    84

  • Hamilton "Tony" James

    President and COO, Blackstone Group

  • One of the world's largest PE firms, Blackstone has been performing well, with shares rising 6.4 percent, to $23.37 in the second...
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    85

  • Robert Wolf

    Founder and CEO, 32 Advisors

  • Wolf stakes out rare turf: He's a Democrat at home on both Wall Street and Pennsylvania Avenue. Now a member of the President's Export...
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    86

  • Paul Singer

    Founder and CEO, Elliott Management Corporation

  • Singer, whose fund has $21.8 billion AUM, has one of the best track records in the industry: an average annual return of 14.7 percent...
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    87

  • Marianne Lake

    CFO, JPMorgan Chase

  • When Douglas Braunstein was forced to relinquish the title in November following JPMorgan's London whale debacle, Jamie Dimon appointed...
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    88

  • Peter Thiel

    Partner, Founders Fund; Cofounder, Mithril Capital Management; Partner, Valar Ventures

  • Thiel's eye for talent—he was an early investor in Facebook, Yelp and LinkedIn—has made securing capital from him a barometer of...
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    89

  • David Einhorn

    Founder, Greenlight Capital

  • It's been a mixed year for Einhorn. His firm has had uneven results with investments in or against gold, Green Mountain Coffee Roasters...
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    90

  • Guido Mantega

    Finance Minister, Brazil

  • With Brazil facing its third consecutive year of weak economic growth, protests calling for Mantega's ouster erupted across the country...
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    91

  • Shang Fulin

    Chairman, China Banking Regulatory Commission

  • In June, Shang successfully navigated China's worst liquidity crisis in over a decade by assuring investors of ample cash reserves. but...
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    92

  • Kenneth Griffin

    Founder and CEO, Citadel

  • Citadel experienced a devastating 55 percent decline in two of its biggest funds during the economic crisis. But the company's funds...
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    93

  • Abigail Johnson

    President, Fidelity Financial Services

  • Fidelity chair Ned Johnson, 83, silenced succession whispers when he named daughter Abby president of financial services last year. One...
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    94

  • James Simons

    Founder and Nonexecutive Chairman, Renaissance Technologies

  • Simons officially retired in 2010, but his fund's investments, made with his involvement, are closely watched by devotees—as well as...
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    95

  • George Soros

    Chairman, Soros Fund Management

  • Soros, who married his 41-year-old girlfriend, Tamiko Bolton, in September, also had an active year at work: His firm took an 8 percent...
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    96

  • Paul Krugman

    Economist, Princeton University; Columnist and Blogger, the New York Times

  • Nobel Prize-winning Krugman has long been a fierce advocate of stimulus spending, bot austerity measures, to rejuvenate the economy....
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    97

  • Anthony Scaramucci

    Founder, SkyBridge Capital

  • Scaramucci doesn't run a hedge fund, but he may be the industry's best advertisement. Affable and self-deprecating, he is a natural...
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    98

  • Jake Siewert

    Global Head of Corporate Communications, Goldman Sachs

  • Siewert replaced longtime Goldman PR kingpin Lucas van Praag, who preferred ridiculing reporters to cultivating them; van Praag helped...
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    99

  • Mike Mayo

    Bank Analyst, CLSA

  • Mayo is making his presence known at shareholder meetings, buying stock shares and then grilling CEOs. After Mayo questioned JPMorgan...
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    100

  • Roger Altman

    Founder and Executive Chairman, Evercore Partners

  • Altman counseled candidates John Kerry in 2004 and Hillary Clinton in 2008; Evercore is having a terrific year, with surging profits...
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