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Fortune has released its 2025 Most Powerful Women Asia list, featuring 100 leaders across 14 markets, with DBS CEO Tan Su Shan taking the top spot.
Fortune has unveiled its 2025 "Most Powerful Women Asia" list, a ranking of 100 female executives who are driving growth and innovation across the region [2]. This year’s list is topped by Tan Su Shan, the CEO of DBS, who assumed her role at Singapore’s largest bank earlier this year [4].
Key takeaways
To compile the 2025 rankings, Fortune evaluated candidates based on company health and scale, career momentum, innovation, and efforts to drive social impact [2]. The resulting list spans a wide geographic footprint, including 20 leaders based in mainland China, 15 in Singapore, 13 in Hong Kong, and eight each in India and Thailand [2]. Other represented markets include Japan, Australia, South Korea, the Philippines, Vietnam, Malaysia, Taiwan, Indonesia, and Macau [2].
The top ten leaders on the 2025 list include Tan Su Shan (DBS), Grace Wang (Luxshare Precision Industry), Meng Wanzhou (Huawei), Bonnie Y Chan (Hong Kong Exchanges and Clearing), and Kathy Yang Chiu-chin (Hon Hai Technology Group) [2]. They are joined by Malina Ngai (AS Watson), Roshni Nadar Malhotra (HCLTech), Choi Soo-yeon (Naver), Makiko Ono (Suntory Beverage and Food), and Mitsuko Tottori (JAL Group) [2]. These executives represent a diverse range of sectors, including finance, technology, and consumer goods [2].
In addition to the primary business ranking, this year’s edition highlights 12 influential figures who operate outside of the corporate sector [3]. This group includes Singapore’s Minister for Digital Development and Information, Josephine Teo, and Malaysian screen legend Michelle Yeoh [2]. The list also recognizes the four members of the K-pop group BLACKPINK—Lisa, Jennie, Rose, and Jisoo—as well as Filipina tennis player Alex Eala [2].
The "Most Powerful Women Asia" list serves as a benchmark for female leadership in a region characterized by both global and regional volatility [3]. By highlighting leaders who have successfully navigated these challenges to gain a business advantage, the ranking provides insight into how corporate strategy is evolving in Asia [3]. To celebrate the 2025 honorees, Fortune is scheduled to host an award ceremony and a leaders' breakfast at the Fortune Innovation Forum in Malaysia on November 17–18 [2].
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