Indonesia's former President Suharto is at the top of a list of the world's political leaders accused of stealing state assets.

The United Nations and the World Bank have released a list of high earning political leaders who have been accused of corruption and stealing from the people.

Suharto tops the list with an estimated US$42 billion.

The list is part of the Stolen Asset Recovery Initiative, which is aimed at giving authority to the UN to fight global corruption.

Only a week ago, Indonesia's Supreme Court ordered Time magazine to pay US$129 million in damages to the former president for an article accusing him and his family of amassing billions of dollars during his years in power.