Fortune Announces 2025 Fortune 100 Most Powerful People in Business List

Fortune Media (USA) Corporation New York

for the complete 2025 list.

Under Jensen Huang's leadership, NVIDIA recently became the first company ever to surpass a $4 trillion market cap, driven by surging demand for its AI chips. This milestone underscores NVIDIA's pivotal role in the generative AI boom, transforming the global tech landscape and powering many of the other top tech companies whose CEOs appear on our list. Jensen's company does face competition from established companies and startups, but as Fortune notes, "none pose a serious threat to NVIDIA's dominance—yet."

Fresh faces on this year's list include three of Fortune's Most Powerful Women in Business, Tan Su Shan of DBS Group (No. 28), Beth Ford of Land O'Lakes (No. 51) and Bonnie Chan of Hong Kong Exchanges and Clearing (No. 53), as well as Liang Wenfeng of DeepSeek (No. 72) and Vlad Tenev of Robinhood Markets (No. 73).

The list includes executives from 62 U.S.-based companies, 17 from the Asia region, 13 from Europe, and one from the Middle East. Seven companies have two executives on the list, including Alphabet, Palantir, Microsoft, Amazon, Berkshire Hathaway, Blackstone, and Oracle.

In her foreword to the August/September 2025 issue, Alyson Shontell, Fortune's Editor in Chief and Chief Content Officer, explained, "In this edition, our second, NVIDIA's Jensen Huang knocks fellow tech mogul Elon Musk off last year's perch as No. 1. Musk (now No. 4) is scrambling to rehab Tesla after a reputationally bruising experience running DOGE for President Trump. Musk is also coping with the rise of international electric-vehicle rivals that are eating Tesla's lunch."

Fortune's Executive Editor, Lee Clifford, adds, "Gone are the days when a leader can remain on this list without constantly reinventing their company, their strategy, everything."

Fortune used its proprietary methodology to identify individuals with significant power and influence. Key categories and criteria include the size and health of the leaders' business, as well as the innovation, influence, and impact of the leaders themselves. The full methodology is available here.

About Fortune:
Fortune is a global multi-platform media company built on a legacy of trusted, award-winning reporting and information for those who want to make business better. Independently owned, Fortune tells the stories of the world's biggest companies and their leaders as well as a new generation of innovators who are moving business forward. Digitally and in print, Fortune measures corporate performance through rigorous benchmarks, and holds companies accountable, in regions around the world. Its iconic rankings include Fortune 500, Fortune Global 500, Most Powerful Women, and World's Most Admired Companies. Fortune builds world-class communities by convening industry thought leaders for exclusive summits and conferences, including the Fortune Global Forum, Brainstorm Tech, and Fortune Most Powerful Women. For more information, visit fortune.com.

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