Michelle Obama tops Forbes list of world powerful women

"Forbes" magazine has released its list of the most powerful women in the world. Topping the top 10 is America's First Lady Michelle Obama.

In second place was Irene Rosenfeld the CEO of Kraft Foods.

Third was television star Oprah Winfrey.

Rounding out the top 10 were German Chancellor Angela Merkel, U.S. Secretary of State Hillary Clinton, PepsiCO CEO Indra Nooyi, singer Lady Gaga, Westpac CEO Gail Kelly, singer Beyonce Knowles and television star Ellen DeGeneres.