What are the largest companies in the world? there are a number of surveys done every year to determine the largest companies in the world. Among those surveys, the most trusted and popular rankings are done by Fortune Global 500, Forbes Global 2000 and PwC Global Top 100. Forbes has been publishing its list of the biggest companies since 2003. Forbes rankings are based on sales, profit, assets and market value of these companies. The Forbes list includes publicly traded companies from 60 countries. According to Forbes, the top ten biggest companies in the world are:
The Industrial and Commercial Bank of China Limited is the largest company in the world, according to Forbes. The banking company is based in Bejing, China. Last year it had a sell of $165.3 billion, gained a profit of $43.7 billion, has assets of $4210.9 billion and has a market value of $311 billion. ICBC is the largest Chinese bank and the largest bank in the world based on its total assets, deposits, loans, number of customers and number of employees. ICBC also holds the 1st in The Banker’s Top 1000 World Banks ranking.
2. CHINA CONSTRUCTION BANK
Another banking company of China is the China Construction Bank, which holds the 2nd rank in this list. The bank is also based in Bejing. In the previous year, it had a sell of $143.2 billion, Had a profit of $37.1 billion, had total assets of $3631.6 billion, and has a market value of $261.2 billion. CCB is one of the big banks in China. It has branches in many other countries across the globe.
3. JPMORGAN CHASE
The 3rd rank of biggest companies in the world is dominated by JPMorgan Chase. JPMorgan is a multinational investment bank, providing financial services. Based in New York City, United States, It is America’s largest bank and the most valuable bank by market capitalization in the world. As of 2018, JPMorgan is the sixth largest bank by total assets. In 2018, JPMorgan Chase had a sell of $118.2 billion and a total profit of $26.5 billion. It has total assets worth $2609.8 billion and a market value of $387.7 billion.
4. BERKSHIRE HATHAWAY
On number 4 stands the American multinational conglomerate holding company, Berkshire Hathaway. Based in Omaha, Nebraska, United States, Berkshire Hathaway Inc. is led by Warren Buffett who is one of the richest people in the world with a net worth of $84.5 billion. Berkshire is a multi-industry company. It is the parent company of many industries including GEICO, Duracell, Dairy Queen, BNSF, Helzberg Diamonds, and FlightSafety International. It also holds shares in many companies like American Express, Wells Fargo, The Coca-Cola Company and many others. It also holds a small share at Apple. Last year this company had a sell of $235.2 billion, profit of $39.7 billion. It has a total $702.7 billion of assets and a market value of $491.9 billion.
5. AGRICULTURE BANK OF CHINA
The Agriculture Bank of China holds the fifth rank on Forbes Global 2000 ranking. The bank had a sell of $129.3 billion and a profit of $29.6 billion in 2018. And it has total assets of $3439.3 billion and $184.1 billion of market value. Based in China, ABC is among the Big Four banks of the country. It has around 24,000 branches. By assets, it is Chinas third-largest lender. In 2010, when ABC went public, it fetched the biggest initial public offering ever in the world.
6. BANK OF AMERICA
Based in Charlotte, North Carolina, United States, the Bank Of America is the second largest banking institution in the country. In 2018, the Euromoney Institutional Investor named the Bank Of America “World’s Best Bank” in their Awards for Excellence. Last year the Bank Of America had $92.2 billion worth of sell and made a profit of $16.6 billion. The bank has total assets of $2196.8 billion and has a market value of $231.9 billion.
7. WELLS FARGO
Wells Fargo & Company ranked 7th on Forbes Global 2000. It is an American multinational financial services company based in San Francisco, California, United States. Wells Fargo is the fourth largest bank in the US by market capitalization and third largest by total assets. Wells Fargo has been involved in scandals in the past. In 2016, it was revealed that the employees of the bank created over 2 million fake bank accounts. Before this Wells Fargo was the largest bank by market capitalization in the world, edging past ICBC. In 2018, Fargo made a sell of $103.0 billion and made a profit of $21.7 billion. It had a total of $1915.4 billion worth of assets and $265.3 billion of market value.
The multinational technology giant, Apple made a sell of $247.5 billion and made a profit worth $53.3 billion. Apple had total assets of $367.5 billion and a market value of $926.9 billion. The headquarter of Apple is based in Cupertino, California. Apple is one of the biggest technology company. It was founded by Steve Jobs and currently run by CEO Tim Cook. Apple is the third largest phone manufacturer company in the world. The iTunes store by Apple is the world’s largest music retailer. Apple is also one of the most valuable companies in the world.
9. Bank OF CHINA
The Bank Of China was founded by the Republican government in1912. It is the oldest bank in mainland China. It is among the four biggest state-owned commercial banks in China. The Bank Of China had a sell of $118.2 billion and a profit of $26.4 billion. It had total assets of $3204.2 billion and a market value of $158.6 billion, according to Forbes.
10. PING AN INSURANCE COMPANY
Ping An Insurance Company was founded in1988 and has its headquarter based in Shenzhen. It is a Chinese holding conglomerate, which means it holds major stocks of other companies. And those companies primarily deals with insurance, banking, and financial services. It is the largest and most valuable insurance company in the world. According to Forbes, last year the company had a sell of $141.6 billion and gained a profit of $13.9 billion. It has assets worth $1066.4 billion and has a market value worth $181.4 billion, as of 2018.
The list by Fortune Global 500 list is based on the companies’ fiscal year ended on or before March 31, 2018, ranked by their revenues. And According to the Fortune Global 500 list, the top ten largest companies in the world are:
|Rank||Company||Country||Revenues ($ Mil.)||Profit ($ Mil.)|
|1||Walmart||USA||$ 500,343||$ 9,862|
|2||State Grid||China||$ 348,903||$ 9,533|
|3||Sinopec Gro||China||$ 326,953||$ 1,538|
|4||China National Petroleum||China||$ 326,008||-$ 691|
|5||Royal Dutch Shell||Netherlands||$ 311,870||$ 12,977|
|6||Toyota Motor||Japan||$ 265,172||$ 22,510|
|7||Volkswagen||Germany||$ 260,028||$ 13,107|
|8||BP||Britain||$ 244,582||$ 3,389|
|9||Exxon Mobil||USA||$ 244,363||$ 19,710|
|10||Berkshire Hathaway||USA||$ 242,137||$ 44,940|
The PwC Global Top 100 rankings rank companies by their market capitalization. It is based on the stock market value of a company, the most valued company gets the highest ranking.
|Market Cap ($ billion)|
|10||Johnson & Johnson||USA|