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Obama Most Powerful Person in World: Forbes

U.S. President Barack Obama ranked at the top of the list of the world's most powerful people, according to Forbes.

Last month Obama was awarded the Nobel Peace Prize.

The top ten included many of Obama's political peers like Chinese President Hu Jintao and Russian Prime Minister Vladimir Putin.

Federal Reserve Chairman Ben Bernanke appeared at No. 4 on the magazine's list.

News Corp. Chairman Rupert Murdoch, Google founders Sergey Brin and Larry Page, Wal-Mart Chief Executive Michael Duke, Telmex CEO Carlos Slim Helu and Microsoft founder and co-chairman of Bill & Melinda Gates Foundation William Gates III were also in the top ten.

President Barack Obama

It was Forbes' first ever list of The World's Most Powerful People. The company narrowed the list to 67 people. The goal in compiling the list was to expose power and not glorify it, according to the Forbes press statement.

The methodology assesses power using four criteria: the number of people one influences; one's ability to project power beyond one's immediate sphere of influence; control of or access to significant financial resources; and how actively one wields power, the statement said.