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Singaporeans Ho Ching, Jenny Lee in Forbes World's 100 Most Powerful Women list

Ho Ching is the chairperson of Temasek Trust, and the wife of Singapore Prime Minister Lee Hsien Loong, while Jenny Lee is the managing partner of GGV Capital.

Ho Ching (right) and Jenny Lee (left), who are in Forbes' World's 100 Most Powerful Women List 2023.
Two Singaporean, Ho Ching (right) and Jenny Lee (left), are in Forbes' World's 100 Most Powerful Women List 2023. (Getty Images)

SINGAPORE — Two Singaporean women made it to Forbes' The World 100 Most Powerful Women list released on Tuesday (5 December).

The chairperson of Temasek Trust, Ho Ching sits at No. 33, while Jenny Lee, a renowned venture capital investor, is at No. 97.

Both have featured regularly in the annual list. Ho, who has been on the list since 2004, was at No. 35 in 2022 list, while Lee ranked at No. 78. The 70-year-old former Temasek Holdings CEO's highest position was No. 3 in 2007.

Ho, who is also the wife of Singapore's Prime Minister Lee Hsien Loong, was appointed to lead Temasek's philanthropic endowments in October 2021, after she stepped down as CEO on 1 October 2021.

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During her 17 years helming Temasek, Forbes noted, Ho helped the country's sovereign wealth fund to grow its portfolio to more than US$313 billion (S$419 billion).

Jenny Lee described as trailblazer

Jenny Lee, 51, is managing partner of GGV Capital based in Shanghai. She is considered a trailblazer in her field, focusing on areas like ed-tech, robotics and AI.

Lee, who has been on the list since 2017, was also the first woman to crack the Forbes Midas List Top 10 in 2012. The Midas List is the annual ranking of the most influential and best-performing venture capital investors.

Her 2023 highlights, according to Forbes, include US$1.1 billion in gains on GGV AUM of US$9.2 billion, US$151 billion last round valuation/market cap across 31 qualifying companies, and seven IPOs.

The other two Southeast Asian women on the list are from Indonesia. The country's Finance Minister Sri Mulyani Indrawati came in at No. 47 – keeping her position from 2022 – while CEO and president-director of state-owned oil and gas company Pertamina, Nicke Widyawati, slipped to No. 51 from No. 49 in 2022.

European Commission President Ursula von der Leyen topped the list for the second consecutive year followed by European Central Bank President Christine Lagarde and US Vice President Kamala Harris, who retain their ranking at No. 2 and No. 3 respectively.

Triumvirate of Swift, Beyonce and Barbie

SAO PAULO, BRAZIL - NOVEMBER 24: (EDITORIAL USE ONLY. NO BOOK COVERS.) Taylor Swift performs onstage during
Taylor Swift performs onstage during "Taylor Swift | The Eras Tour" at Allianz Parque on November 24, 2023 in Sao Paulo, Brazil. (Photo by Buda Mendes/TAS23/Getty Images for TAS Rights Management ) (Buda Mendes/TAS23 via Getty Images)

Notably, the "triumvirate of Taylor Swift, Beyonce and Barbie" also featured on the list of powerful women.

Swift's Eras Tour, along with Beyonce's Renaissance World Tour and the blockbuster "Barbie" movie sparked billions of dollars of consumer spending, which also boosted the US economy. Their influence on consumers was so powerful that Federal Reserve chair Jerome Powell addressed it in a July press conference.

Because of her huge influence, Swift made her highest-ever appearance at No. 5 on the list, while Beyonce jumped to number 36 from 80 in 2022.

Barbie took the last spot, No. 100 – a position that is "allocated every year to a figure that's not the traditional image of power but one who has, nonetheless, come to define a year", said Forbes.

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