This No. 1 ranking was officially given to Queen Bey and Hov thanks to Billboard's 2014 Power 100 list. Blue Ivy's parents—together—outranked all kinds of label execs and industry people.
"Leveraging their star power to release new albums in unprecedented ways—Jay Z through Samsung and Beyoncé through iTunes—they instantly changed how the industry and fans thought about interacting with music," Billboard says of Bey and Jay. "He gave his album away; she charged a premium price for hers. But they both used the element of surprise to restore the excitement that used to accompany a new release, before that impact was dulled by the endless thunder of carefully plotted promotion."
Of course, Jay Z's status as a hip-hop mogul and Bey's chart-topping amazingness in general were also taken into consideration.
As for other high rankers on Billboard's Power 100 list? Brothers Bryan "Birdman" Williams and Ronald "Slim" Williams came in at No. 50, while Simon Cowell landed himself at a cool No. 58. (Given that he's the force behind One Direction, you'd think he'd be higher up!)
Mr. Ryan Seacrest came in at No. 62, Dr. Luke at No. 63 and Saturday Night Live's Lorne Michaels at No. 88.
Congratulations to all the powerful people—and yes, especially to Bey and Jay!