I Top 5 Companies On Global 2000

Global 2000

Top 5 Companies On Global 2000

Companies on the Forbes Global 2000 ranking this year recorded a total of $47.6 trillion in revenues and $76.5 trillion in market cap as of April 22, 2022. Here are the top five companies from the list.

Company 1 Berkshire Hathaway 2 ICBC Sales Profit Assets Market Value Country

$276.09 B $89.8 B $958.78 B $741.48 B U.S. $208.13 B $54.03 B $5,518.51 B $214.43 B China

3 Saudi Aramco

$400.38 B $105.36 B $576.04 B $2,292.08 B Saudi Arabia

4 JPMorgan Chase $124.54 B $42.12 B $3,954.69 B $374.45 B U.S. 5 China Construction Bank $202.07 B $46.89 B $4,746.95 B $181.32 B China

1. Berkshire Hathaway

Berkshire Hathaway topped this year’s list—for the first time since Forbes started publishing the Global 2000 list in 2003—to become the largest American public company, a position previously held by JPMorgan Chase for three consecutive years. Berkshire Hathaway is led by Billionaire partners, 92-year-old Warren Buffett, who was worth $97 billion as of September 2022, and 98-year-old Charlie Munger, who was worth $2.1 billion. The company recorded nearly $90 billion in profits attributed to the company’s shareholders in 2021, up 111% from 2020. The company recorded operating earnings of $16.3 billion in H1 2022, with total revenues increasing 9.9% to $147 billion, compared to 2021. However, it also posted a loss of $38.3 billion in H1 2022, compared to a profit of $39.8 billion in the same period in 2021.

China Construction Bank (CCB)

2. Industrial and Commercial Bank of China (ICBC)

Beijing-based ICBC is the world’s largest bank, with $5.5 trillion in assets. Founded in 1984, the bank has expanded its operations outside of China through mergers and acquisitions, as well as registering branch offices in foreign countries, with offices in Russia, Dubai, Doha, Sydney, and New York. The bank recorded net profits of $24 billion in H1 2022, an increase of 4.9% compared to the same period in 2021.

3. Saudi Aramco

Saudi Arabian Oil Company (Saudi Aramco) became the world’s largest company by market value on May 11, 2022, when it hit a market cap of $2.43 trillion, dethroning Apple, which recorded a valuation of $2.37 trillion on the same day. Apple has since retrieved its title and was worth $2.3 trillion as of October 13, 2022. Saudi Aramco recorded net income of $87.9 billion in H1 2022, compared to $47.2 billion for the same period in 2021, driven by higher crude oil prices and volumes sold and higher refining margins.

4. JPMorgan Chase

Having held the title of America’s largest public company for three years, billionaire Jamie Dimon’s JPMorgan Chase now ranks second among U.S. companies and fourth in the world, with almost $4 trillion in assets. Dimon was worth $1.5 billion as of October 18, 2022. In H1 2022, the bank recorded net income of $16.9 billion, a decrease of 35.5% compared to the year before.

5. China Construction Bank (CCB)

CCB is the world’s third-largest bank, with $4.7 trillion in assets as of June 2022. Stateowned Central Huijin Investment owns a 57% stake in the bank. CCB has operations in MENA, with its regional headquarters located in Dubai’s DIFC. In H1 2022, CCB recorded net profit of $22.5 billion, a 4.95% increase compared to 2021. The net value of its loans and advance payments and its financial investments also grew by 8.38% and 10.26%, respectively.