Forbes ranks Donald Trump world's second most powerful person behind one key leader

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On Wednesday, Forbes released its annual list of the people who wield the greatest power on Earth, and U.S. President-elect Donald Trump might be displeased with his ranking.

The 2016 release of the annual Forbes list considers three key influencer factors: their ability to impact a nation's GDP, how much money they oversee and their influence at large.

While the "Leader of the Free World" is often considered the most powerful person on Earth, the soon-to-be president was actually outranked for the number one spot by Russian President Vladimir Putin. This is the fourth year in a row that Forbes has listed Putin as the senior global powerhouse on Earth.

RELATED: Forbes 2016 Most Powerful Women

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Forbes 2016 Most Powerful Women
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Forbes 2016 Most Powerful Women
German Chancellor Angela Merkel earns Forbes number 1 spot. REUTERS/Arnd Wiegmann
U.S. Democratic presidential candidate Hillary Clinton comes in at number 2. REUTERS/Mike Blake
 Melinda Gates nabs the 4th spot on Forbes list. (Photo by Jemal Countess/Getty Images)
Mary Barra, chief executive officer of General Motors Co. (GM), closes out the top 5. (Martin Leissl/Bloomberg via Getty Images)
Christine Legarde, France's finance minister, comes in 6th. Photographer: Mario Proenca/Bloomberg via Getty Images
 Sheryl Sandberg earns the No. 7 spot. (Photo by Jerod Harris/WireImage)
 First lady of the United States Michelle Obama comes in at 13th. (Photo by Ed Mulholland/Getty Images for USOC)
Supreme Court Justice Elena Kagan ties at 23rd. (Photo by Barry Chin/The Boston Globe via Getty Images)
Supreme Court Justice Sonia Sotomayor ties at 23rd. (Photo by Brooks Kraft LLC/Corbis via Getty Images)
 Queen Elizabeth II earns the 30th spot. (Photo by Mark Cuthbert/UK Press via Getty Images)
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While it isn't premium billing, to be ranked second out of 74 people is still a massive Forbes list jump for Trump. In 2015, the billionaire businessman-turned-politician was listed at 72 on the 74-person list -- climbing 70 power rankings in just one year.

German Chancellor Angela Merkel is declared as the planet's third most powerful person -- making her the most powerful woman in the world, according to Forbes. Merkel is one of six ranked female leaders included on the list.

Rounding out the top 5 are Xi Jinping, China's president, and Pope Francis, respectively.

According to The Guardian, "The Forbes list, now in its eighth year, identifies 74 people – one for every 100 million on the planet – whose actions have the most impact across the world."

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