The listing is divided into five sections — leaders and revolutionaries, builders and titans, artists and entertainers, scientists and thinkers, and heroes and icons, according to a statement.

King Abdullah of Saudi Arabia, Archbishop Peter Akinola of Nigeria, Sudanese President Mohamed Omar Hassan Ahmed al-Bashir, U.S. Senator Hillary Clinton, and New York City Mayor Michael Bloomberg are on the list as leaders and revolutionaries.

Mayor Bloomberg is founder and majority owner of Bloomberg News parent Bloomberg LP.

This is the first time Bush failed to make the list, which is in its fourth edition and will go on sale Friday.

"Any U.S. president has a certain built-in influence," said Adi Ignatius, deputy managing editor at Time, who oversaw the list. "Bush had actually squandered some of that built-in influence. His position on Iraq has cost him support in his own party.

"To a certain point, he sort of reached a lame-duck status," Ignatius said in a telephone interview today.

LIST INCLUDES PEOPLE FROM 27 DIFFERENT COUNTRIES

This issue, which includes 100 pages of advertisements, is the second largest since Albert Einstein was named Time's Person of the Century in 1999, Time said in the statement.

People from 27 countries were chosen for this year's list. Bill and Melinda Gates, Angelina Jolie, David Rockefeller and Queen Rania al-Abdullah are among the honorees, according to the statement.

People are selected based on their level of influence, no matter if it's good or bad, Ignatius said. Time had compiled about 1,000 names in January based on recommendations from its correspondents and experts worldwide, he said.