Lady Gaga and Beyonce make Forbes' Most Powerful Women in the World list

LADY GAGA, BEYONCE, JENNIFER LOPEZ and SHAKIRA have been named among the Most Powerful Women in the World by Forbes magazine.

Publication editors have compiled a list of the 100 most significant females in the world, with German Chancellor Angela Merkel topping the list for a second year in a row.

Secretary of State Hillary Clinton takes second place, while First Lady Michelle Obama places seventh.

But the showbiz stars aren't far behind - TV mogul Oprah Winfrey is at number 11 and Bad Romance hitmaker Gaga at number 14.

Beyonce lands at 32, while Lopez and the Hips Don't Lie singer are ranked at 38 and 40, respectively.

Also making their mark on the Forbes survey: actress Angelina Jolie, Modern Family star Sofia Vergara, comedienne Ellen DeGeneres and supermodel Gisele Bundchen.

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