Apple Chief Crowned "Smartest CEO In Tech"

Apple CEO Steve Jobs has been named the smartest CEO in the world of technology by Fortune magazine, the Economic Times reports.

The list, "The 50 smartest people in tech", also features Amazon CEO Jeff Bezos, Demand Media CEO Richard Rosenblatt and Alibaba Group CEO Jack Ma.

The list was compiled from nominations by 100 advisers and experts. The nominations were evaluated by analysts before being ranked.

The magazine said: “Jobs is a pop culture icon like no other business executive. He is a visionary, a micromanager and a showman who creates such anticipation around new products that their releases are veritable holidays.”

Fortune went on to highlight the contributions made by Steve Jobs, describing how he had improved the company's market standing and financial position since becoming CEO.

The magazine said: "When Steve Jobs returned to Apple in 1997 after a 12-year exile, the company was close to bankruptcy. Thirteen years later, it has a market cap of $250 billion and is the world's most valuable tech company, transforming whole industries along the way."