[Chancellen the True]

This is a tough list because some of the powers/people changed dramaticly during the story. When Saruman was "The White", and Gandalf "The Grey", Saruman was the more powerfull. After Gandalf broke Saruman's staff, Saruman became far less powerfull. Aragorn grew in power as well. The lists are very subjective, but here goes -

1- Sauron
2- Tom Bombadil
3- Galadriel
4- The Whitch King (the profecy makes him more powerfull than any of the males)
5- Cirdan (He was one of the leaders of the Teleri on The Great March. Man that's old!)
6- Elrond
7- Gandalf (The White)
8- Balrog
9- Saruman (The White)
10- Aragorn