With JPMorgan leading the list, the United States has widened its lead as home to the world's biggest companies according to Forbes’ annual Global 2000 ranking. Strong U.S. markets should be thanked.hile Americans continue to grapple with high prices at the grocery store and the highest mortgage rates in more than two decades, the world’s largest economy is still proving to be as resilient as ever.
“In spite of the unsettling landscape, including last year’s regional bank turmoil, the U.S. economy continues to be resilient, with consumers still spending, and the markets currently expect a soft landing,” CEO Jamie Dimon wrote in his annual letter to shareholders. “By purchasing First Republic Bank, we brought much-needed stability to the U.S. banking system while allowing us to give a new, secure home to over half a million First Republic customers.
China’s southern neighbor is faring better, as India put 71 companies on the Global 2000, up from 55 last year to move past the United Kingdom and South Korea into the top five most represented countries. Its largest company, billionaire Mukesh Ambani’s conglomerate Reliance Industries, slotted in at No. 49 with $109 billion in 12-month sales and a $233 billion market cap. Life Insurance Corp. of India, which just went public in 2022 and debuted on the list last year at No.