Oprah Winfrey has dropped to the bottom of Fortune's list of the 50 Most Powerful Women in Business.
Last year, she was ranked No. 16. Now, she's No. 50. The magazine said, "She’s lost her Midas touch. The only woman with a spot on this list since its inception hangs on—barely."
The TV titan made light of her new status on CBS This Morning.
Oprah replied, “Oh for Heaven's sake no! For me, the most important thing is how I use what my position, what my abilities, what my success, has been able to do for other people.”
To see Fortune's list of the 50 Most Powerful Women, click here.