NEW YORK—U.S. first lady Michelle Obama beat out heads of state, chief executives and celebrities to rank as the world’s most powerful woman in Forbes magazine’s annual listing Wednesday.
Kraft Foods Chief Executive Irene Rosenfeld, who led a hostile $18 billion takeover of Britain’s Cadbury, came in second, followed by talk show host and media mogul Oprah Winfrey, who is ending The Oprah Winfrey Show next year after 25 years to launch her cable network, OWN.
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