Forbes has released a list of the world’s most powerful women. German Chancellor Angela Merkel has regained the number one spot on the annual list, beating out Hillary Clinton and retaking the leading spot from U.S. first lady Michelle Obama.

The top 10 entrants on Forbes' "World's Most Powerful Women" list (including occupation, age, country, and sector) are:

1. Angela Merkel, Chancellor, 57, Germany, Politics

(Photo: Reuters)BERLIN (Reuters) – German Chancellor Angela Merkel faces tough negotiations to bridge policy differences with the business-friendly Free Democrats (FDP) after an election which gave her a new term as head of a center-right government.

2. Hillary Clinton, Secretary of State, 63, United States, Politics

(Photo: Reuters)U.S. Secretary of State Hillary Clinton attends the Libya contact group meeting in Istanbul.

3. Dilma Rousseff, President, 63, Brazil, Politics

(Photo: Reuters)Brazil's President Dilma Rousseff talks during a news conference after a meeting with Sweden's Prime Minister Fredrik Reinfeldt at Planalto Palace in Brasilia May 17, 2011.

4. Indra Nooyi, Chief Executive, PepsiCo, 55, United States, Business

(Photo: Reuters/Mario Anzuoni)PepsiCo chief Indra Nooyi seen at the Women's Conference 2008 in Long Beach, California, in this October 22, 2008 file photo. Nooyi is the most powerful woman in U.S. business for the fifth year in a row, but Yahoo Inc boss Carol Bartz is the highest paid, Fortune magazine said on Wednesday.

5. Sheryl Sandberg, COO, Facebook, 41, United States, Business

(Photo: Reuters/Kimberly)Sheryl Sandberg, chief operating officer of Facebook, speaks at the Fortune Brainstorm Tech conference in Half Moon Bay, California, July 22, 2008.

6. Melinda Gates, Cofounder, Cochair, Bill & Melinda Gates Foundation, 47, United States, Non-Profit

(Photo: Reuters)Melinda Gates, wife of Microsoft Corp co-founder Bill Gates, speaks during a news conference in New Delhi March 24, 2011.

7. Sonia Gandhi, President, Indian National Congress Party, 64, India, Politics

(Photo: Reuters / Mike Theiler)India's Congress Party chief Sonia Gandhi speaks during a conference on autism in Dhaka.

8. Michelle Obama, First Lady, 47, United States, Politics

(Photo: Reuters)Michelle Obama First Lady’s plane forced to abort landing due to controller’s mistake

9. Christine Lagarde, Managing Director, International Monetary Fund, 55, France, Non-Profit

(Photo: Reuters / Mike Theiler)Christine Lagarde, ici à Washington lors d’une réunion du G7 le 24 avril, propose que Bercy et les parlementaires travaillent main dans la main sur l’évaluation de la politique fiscale.

10. Irene Rosenfeld, CEO, Kraft Foods, 58, United States, Business 

(Photo: Reuters/Chip East)Irene Rosenfeld, chairman and CEO of Kraft Foods, speaks during the World Business Forum in New York October 7, 2009 file photo.