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Forbes ranks Ho Ching 5th in power but gets it wrong that she is "S'pore's first lady".

Ho Ching named 5th most powerful – and first lady

“Forbes' Power Women list isn't about celebrity or popularity; it's about influence,” says the American publishing and media company, Forbes. It names German Chancellor Angela Merkel as the Most Powerful Woman in the world, for the fourth year running this year. The Chancellor is the leader of the world's fourth-largest economy.

Ho Ching, CEO of Singapore’s Sovereign Wealth Fund, Temasek Holdings, and wife of the Prime Minister, is ranked fifth, up from eight spot last year. “Temasek has delivered extraordinary average annual returns of 18% under the leadership of Ho Ching,” Forbes says in its appraisal. However, Forbes got it wrong when it described Ho Ching as “Singapore’s first lady”.

“Singapore's first lady is keeping her day job in the corner office while she looks for another successor,” the magazine said. (See here)

The first lady of Singapore is the wife of the President, although there is no Constitutional provision for this.

Forbes describes Ho Ching’s “next challenge” as “maintaining Temasek's vaunted 18% compounded annual return since the fund's 1974 inception.”

You can see the full list here.

Forbes on Ho Ching:

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