Sabancı is the first woman to run Sabancı Holding, whose holdings include banking, energy, retail, and insurance. She is also founding president of Sabancı University and chair of the SabancıFoundation, Turkey’s largest private charity.
On the list, German Chancellor Angela Merkel was named the world’s most powerful womenfor the eighth consecutive year, and 13 times in total. Merkel was followed by British Prime Minister Theresa May and Christine Lagarde, managing director of the International Monetary Fund.
Sabancı leapfrogged over such figures as EU foreign policy chief Federica Mogherini, pop star Taylor Swift, and 23-time Grand Slam winner Serena Williams.
The annual list represents women in six categories: business, technology, finance, media and entertainment, politics and policy, and philanthropy. Forbes applied metrics of money, media, impact, and spheres of influence to determine their rank.