ith fears of a recession swirling, interest rates rising and the U.S. stock market well below 2022 highs, America’s preeminent bank has retaken its spot as the largest company on the planet.list of the world’s largest companies for the first time since 2011, after Warren Buffett’s Berkshire Hathaway tumbled out of the top spot due to its investment portfolio’s decline.
Every year since 2003, the Global 2000 has ranked the world’s publicly traded companies by sales, profit, assets and market value, with all four variables given equal weights. This year’s list accounts for the latest 12 months of data available through May 7. Altogether, the 2,000 companies on the list accounted for $50.8 trillion in sales, $4.4 trillion in profit, $231 trillion in assets and $74 trillion in market value, all down slightly from last year except for the record revenue figure.
The U.S. had 776 companies on the inaugural Global 2000 in 2003, but that number steadily declined to a low of 536 by 2012 as China and other emerging markets grew their presence. This is the first year with more than 600 American companies again since 2007, largely thanks to the U.S. stock market’s outperformance in the last decade. The top 100 U.S.
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Source: CNBC - 🏆 12. / 72 Read more »