THE 100 MOST POWERFUL PEOPLE IN BUSINESS

Imagine the world's most valuable companies and the nations with the largest economies are clambering over one another to get what you sell—and they want more than you can produce.

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WHAT IS POWER?

That's life for Jensen Huang, CEO and co-founder of Nvidia and No. 1 on Fortune's 2025 ranking of the world's 100 most powerful people in business. After decades of naysayers dismissing the value of Huang's specialized computer chips, that hardware is now the most coveted by companies developing artificial intelligence, arguably the most profoundly important technology ever. That's why Nvidia is today the most valuable company traded on U.S. exchanges. The other mega-tech CEOs in our top 10 most powerful—Microsoft's Satya Nadella, Meta's Mark Zuckerberg, Alphabet's Sundar Pichai—are among those desperately yearning for more of Huang's chips.

But even Huang mustn't get comfortable. At the highest level of global commerce, powerful rivals are never far away. More broadly, this list is strikingly filled with head-to-head rivalries. We rank these businesspeople on six criteria, and in many cases the results show direct competitors ranked very near each other based on power. For example:

Amazon's Jeff Bezos is No. 18, and Walmart's Doug McMillon is No. 19. Tesla's Elon Musk is No. 4, and BYD's Wang Chuanfu is No. 5.