In an era of Trumpian turbulence, some firms find themselves blown along by a benevolent tailwind—think gold miners or those who receive presidential patronage. But others must navigate uncertainty more skilfully. Amid the chaos, which CEO had the most impressive 2025? For the third year, we have crowned the world’s best chief executive. Read who we think deserves to succeed Jensen Huang and Alex Karp, our previous winners.

Surprisingly, one group that appears to be struggling during this Trump administration is MAGA. Following the murder of Charlie Kirk, conservative influencers have started to fight among themselves over the direction of the movement. The truth is that the MAGA media elite is much more comfortable in opposition than in power.