Forbes magazine, August, 2004 issue.

1. Condoleezza Rice/National Security Adviser, United States
2. Wu Yi / Vice Premier, China
3. Sonia Gandhi/ President of Congress Party, India
4. Laura Bush / U. S. First Lady
5. Hillary Rodham Clinton/ U. S. Senator
6. Sandra Day O’Connor/ U.S. Supreme Court
7. Ruth Bader Ginsburg/ U.S. Supreme Court
8. Megawati Sukanoputri/ President, Indonesia
9. Gloria Macpagal Arroyo/ President , Phillipines
10. Carleton “Carly” S. Fiorina/ Chair and chief executive, Hewlett-Packard

Research protocols in the ranking are explained in the periodical.