Haven't done this in a long time, but here's how I rank the current world champions:
1.Kazuchika Okada, New Japan (IWGP Heavyweight) - Duh. The most protected title (not debatable), and the best wrestler in the world right now (i'll accept arguments on this one, but hes top three at worst). IWGP Heavyweight title defenses feel like the most important title defenses in the world. He's inching closer to the record for most successful defenses during a single title run. Maybe the most interesting wrestler on the planet right now. Coolest finisher in wrestling.
2.Masato Yoshino, Dragon Gate (Open the Dream Gate) - Dragon Gate tends to give guys turns with the belt, and that's what this run looked like it would be. But Yoshino has done a great job and has been a very worthy champion. You really feel like you are watching the best guy in the company when you watch a Yoshino match. All of his title defenses have been at worst very good, at best serious MOTY contenders. He's vanquished his primary nemesis (Naruki Doi), gave a fresh young star a star making match (T-Hawk), and had himself what some are calling a 5-star match (Masaaki Mochizuki).
3.Johnny Gargano, Dragon Gate USA (Open the Freedom Gate) - I count this title, just because. Highest profile indie (ROH is a weird in between), major league roster. 800+ day title run. He beat YAMATO on November 13, 2011. First half of his run was white meat babyface, second half has been as a non self aware heel. Underrated matches.
4.Adam Cole, ROH (ROH World) - Slow burn heel turn took about a year, culminating in his title win. ROH is on a real upswing, outdrawing TNA on the road, and even doing equal ratings in the markets they run.
5.Yuji Nagata, NOAH (GHC Heavyweight) - New Japan outsider, recently won NOAH's version of the G1, then beat Takeshi Morishima for the title. Morishima was a transition champ, beating long reigning champ KENTA when NOAH was preparing for KENTA's possible defection to WWE. KENTA gets first crack at Nagata, so they may put the title right back on him. Nagata once beat the shit legit out of a sassy KENTA in a tag match, so the world will watch to see if they work stiff. KENTA would be smart not to try him again.
6.Akebono, All Japan (Triple Crown) - Used to be flat out terrible, but now over 40 and doing some good work. Needs a great defense to put this run on the map. No shortage of great working opponents with Jun Akiyama, SUWAMA, Go Shiozaki, etc on the roster. Looks like they are prepping Shiozaki for a title run, and why not? Akiyama, SUWAMA, and now Akebono have failed to spark things business wise.
7.Randy Orton, WWE (WWE World Heavyweight/FACE OF THE WWE) - Title being used as a prop for bad storylines. Nothing to see here. He frequently loses matches, or wins due to banana peels, so nobody cares about the title. FACE OF THE WWE buzz term undermines the belt, which was unified in a rush job on a B-PPV. Only TNA's incompetence keeps this from the bottom.
8.Magnus, TNA (TNA World Heavyweight) - Paper champion gimmick #2. Plus Magnus sucks. At least Orton is decent. TNA drops the ball by copying WWE again, when they could really make themselves different by presenting a serious champion and protected title, since WWE cares nothing about those things. But as usual, they are determined to be a cheap knockoff of a company they will never ever catch.
I haven't seen enough of the current champions in Mexico, DDT, Big Japan, etc to rank them fairly.