Bin Laden, who has managed to avoid the largest manhunt in history, is assumed to be hiding in Pak tribal areas. He is not yet trapped since the hunt started after the Sep 9/11 attacks.
Second on the list is Mexico's most notorious drug trafficker, Joaquin Guzman.
Since the list first appeared in Apr 2008, not even a single notorious criminal has been brought to justice, remarked the US business magazine. All the fugitives on the list remain more powerful instead, said the magazine.
Dawood leads the orgainized crime group D-Company and an Italian mafia playboy, Matteo Messina Denaro also appeared to have consolidated control of their organizations.
Dawood's syndicate containing 5,000 members has been involved in all types of crimes from narcotics to contract killing and works mostly in India, Pakistan and UAE. Mumbai bombings had killed 257 people and wounded 713.
Dawood also shares smuggling routes with al Qaeda. His team is also collaborated with Lashkar-e-Taiba (LeT), the South Asian affiliate of al Qaeda, which is behind the Nov 2008 Mumbai attacks.