These Are the 100 Most Powerful LGBT Executives in the World Coming in at number one is Inga Beale, the openly bisexual chief of Lloyd's of London and the first female leader in the insurance market's 327-year history.

By Geoff Weiss

Opinions expressed by Entrepreneur contributors are their own.

Shutterstock

For the third year going, a networking nonprofit named OUTstanding and the Financial Times have partnered to recognize the 100 most powerful LGBT executives in the world.

This year marks the first time that a woman has topped the list: Inga Beale, the first female chief of 327-year-old insurance market Lloyd's of London -- who is also openly bisexual. (While Tim Cook may be the first executive who springs to mind in conversations about LGBT leadership, OUTstanding said it was unable to secure his permission to be included.)

Rounding out the top five are: Alan Joyce, CEO of Australian airline Qantas; HSBC Bank plc CEO Antonio Simoes; United Therapeutics CEO (and Sirius radio founder) Martine Rothblatt, who is also the top trans leader on the list; and Claudia Brind-Woody, the vice president and managing director of IBM.

Related: The Highest-Paid Female CEO in America Was Born Male

You can check out all 100 honorees right here.

While anyone is eligible to be nominated for recognition via OUTstanding's website, honorees had to be working one to three levels from the chief executive. OUTstanding's judging panel says it was looking for role models "who are helping to make the workplace a more welcoming place." LGBT activism outside of the workplace and recent business achievements were also taken into account.

The nonprofit says such recognition is critical given that closeted LGBT employees are 70 percent more likely to leave the company within the first three years, and 85 percent say non-inclusive workplaces have a negative impact on employees and can damage productivity, according to studies conducted by OUTstanding.

Related: Why This 25-Year-Old Marketing Star Left His Job at YouTube to Launch a Philanthropic YouTube Channel

Geoff Weiss

Former Staff Writer

Geoff Weiss is a former staff writer at Entrepreneur.com.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Leadership

7 Telltale Signs of a Weak Leader

Whether a bully or a people pleaser who can't tell hard truths, poor leadership takes many forms.

Business News

'Feels Like a Slap in the Face': Some JPMorgan Employees Reportedly Aren't Happy With Their Bonuses

JPMorgan reported a record-high net income for 2024 of $58.5 billion.

Business News

A 74-Year-Old Musician Makes a Million a Year From an Unpopular Song Written Nearly 50 Years Ago. Here's How.

The song never became a Billboard hit but proved extremely lucrative for its writer.

Business News

People Are Selling Old Phones With TikTok Installed for Thousands of Dollars — Here's Why

There are listings on resale sites for iPhones and Androids with TikTok downloaded for up to $10,000.

Starting a Business

He Immigrated to the U.S. and Started a Business. It's 'Not the Sexiest' But Sells Over 6,000 Units Daily — Up to $25,000 Apiece — Anyway.

When 16-year-old Amir Loloi emigrated from Iran, he didn't intend to stay in the U.S. forever. Then those plans changed.