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No Trump, Pope Tops Global Financial Power List

The Street logo The Street 10/6/2015 Gregg Greenberg

NEW YORK ( TheStreet) -- Sorry Donald, you didn't make the list.

Pope Francis topped Worth's list of the 100 most powerful people in global finance, beating out President Barack Obama for the top spot. Richard Bradley, Editor-in-Chief of the Worth Group, said Pope Francis led the pack because people of all religions are listening as he speaks from the world's biggest pulpit.

"He can reach an audience all over the world and he is using his pulpit to speak to economic issues like climate change, poverty, global capitalism and immigration," said Bradley.

Bradley said assembling the Worth "Power 100" is a year-long effort, with the magazine's editors reviewing thousands of suggestions, selecting an initial list of 1,000 nominees and ultimately whittling it down to the final 100 names.

And while Wall Streeters might see Federal Reserve Chairwoman Janet Yellen as more powerful than the President when it comes to moving markets, Yellen comes in seventh on the list while the President takes the second position. Bradley said the President's lame duck status in the coming year does not take away from his current powerful position.

"We can expect President Obama to drop next year, but right now he is presiding over what is probably the healthiest economy in the world," said Bradley. "Like him or not, the history books are probably going to give him credit for that."

German Chancellor Angela Merkel comes in third on the list. Bradley said "if you don't think she is powerful just ask the Greeks."

In the emerging markets, China showed its ascendancy, placing a pair of its citizens in the top 10, President Xi Jinping (4) and Alibaba founder Jack Ma (10).

As for who is less powerful than last year, Bradley said Securities and Exchange Commission Chair Mary fell from number 15 in 2014 to 38 in 2015. And U.S. Attorney Preet Bharara dropped from number one to number 48.

"He had a terrible year in terms of poor decisions that threaten to undermine all of his insider trading convictions," said Bradley.

At least Bharara fared better than billionaire property owner and Republican Presidential nominee Donald Trump. The Donald didn't even rank in the top 100.

"We don't think he is that financially powerful," said Bradley. "As a businessman his success is much debated and in terms of his effect on financial policy, it's an open question."


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