Forbes just released their list of the world's most powerful people, and President Barack Obama gets bumped to number two.
The president held the number one spot last year. Forbes argues that he slipped because of the controversy surrounding his signature legislation "Obamacare." Not to mention, the United States' allies are outraged over NSA surveillance overseas.
So, who took his place? Russian president Vladimir Putin.
Forbes says that Putin earned the top spot by solidifying control over Russia and becoming a main player on the international stage. He watched over Syria during the chemical weapons talks with the UN, and his country sits on some of the world's largest oil and gas reserves. In addition, he's eligible for two more terms, which could keep him in office until 2024.
At number three, is the new president of China, Xi Jinping. His predecessor, Hu Jintao, was the number one most powerful person in the 2010 issue of Forbes.
Pope Francis is at number four and German Chancellor Angela Merkel is at number five. Rupert Murdoch, media mogul and chairman of News Corp and 21st Century FOX, which owns FOX 29, is ranked at number 33.
To create the list, Forbes magazine used a multi-tiered methodology. First, they determined whether the candidate has power over lots of people. Next, they assessed the individual's financial resources. Next, spheres of influence were accessed. A person who has his influence in multiple sectors in the world will be ranked higher. Finally, Forbes determined whether the individual actively uses his or her power.