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.

Devices

Get an Extra Office MacBook Air for Under $250 While Supplies Last

Tackle work from anywhere with this deeply discounted model.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

'We're Not Effective': Starbucks CEO Tells Corporate Employees to 'Own Whether or Not This Place Grows'

After layoffs, Starbucks CEO Brian Niccol said in an internal meeting that the company's operations had to change.

Starting a Business

The Startup World Glamorizes Young Founders, But These 4 Women Started Businesses After Age 40 — Leading to Hundreds of Millions of Dollars. Here's How.

These women entrepreneurs, now in their 50s, share why growing their businesses at this stage in life is better than ever.

Starting a Business

A Great Idea Means Nothing Without the Right Market — Here's How to Find It

Building momentum without an existing user base is hard. But if your business is going to succeed, it has to be done.

Resumes & Interviewing

Tired of the Job Search Struggle? Automate It for Life for Only $39.

Apply to 300+ jobs monthly without breaking a sweat.