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David Cameron�s influence on the world stage has collapsed and is now less powerful than the supermarket tycoon who owns Asda, it was claimed today. The Prime Minister has dropped out of the top 10 in the power list produced by influential magazine Forbes. Mr Cameron is ridiculed for policy �flip-flops� and has been replaced by Michael Duke who runs global retail chain Wal-Mart. It marks a dramatic drop for Mr Cameron, who only two years ago was ranked seventh most powerful person in the world after sweeping in to power. In a scathing assessment of his time in office, Forbes said: �The Conservative PM guides the world's sixth largest economy and was once hailed as the second coming of Margaret Thatcher. No more.� Confirming his position at 11th on the list, the magazine added: �He has recently been criticised for a flip-flop approach to green taxes after he pledged to slash the tax on household energy bills amid soaring gas and electricity prices. �He has two years to galvanise the Tories ahead of a 2015 general election.� Mr Cameron will also feel uncomfortable that in the 500-word citation, the magazine also notes that he is and �Oxford graduate and (illegitimate) descendent of King William IV (1830-1837)�. Three years ago Forbes said Mr Cameron �shares the Iron Lady's determination to slash government expenditures�. But since then it has grown increasingly unimpressed with the Tory leader, warning last year how he faced a �disillusioned electorate and rumblings from his own party over Britain's future�.