The top 10 richest companies in the USA are not only massively profitable and successful, but they are also innovative leaders in their respective industries. Though the definition of richest varies from one source to another, all of these companies have revenues exceeding $20 billion annually and market caps that number in the billions as well. Here is our list of the top 10 richest companies in the USA!
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal, or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals.
A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations.
Top 10 Richest Companies in the USA
With the US population hovering at around 320 million people, it’s no surprise that there are some seriously wealthy companies in the country! There are ten companies whose net worth exceeds $2.5 trillion and they fall into several different industries like oil, banking, real estate, and insurance.
These are the ten richest companies in the USA (in no particular order): Apple Inc., Alphabet Inc., Microsoft Corp., Exxon Mobil Corp., Berkshire Hathaway Inc., Johnson & Johnson, JPMorgan Chase & Co., Wells Fargo & Co, and many more.
Apple is an American multinational technology company that designs, develops, and sells consumer electronics, computer software, and online services. Founded by Steve Jobs, Steve Wozniak, and Ronald Wayne on April 1, 1976. Apple is the largest information technology company by revenue (totaling US$365.8 billion in 2021) and as of January 2021, it is the world’s most valuable company, the fourth-largest personal computer vendor by unit sales, and the second-largest mobile phone manufacturer.
Its name is a homage to Jobs’ favorite fruit –the apple—as well as his admiration for Alan Turing. The company was at first exclusively a personal computer vendor; it entered the markets for consumer video game consoles with Apple II (1977), computer networking with Apple Macintosh (1984), and portable music players with iPod (2001). Apple Computer became one of the fastest-growing companies in the U.S.
Microsoft is an American multinational technology company headquartered in Redmond, Washington, that develops, manufactures, licenses supports, and sells computer software, consumer electronics, and personal computers and services. Its best-known software products are the Microsoft Windows line of operating systems, Microsoft Office office suite, and Internet Explorer web browser. Microsoft’s net worth as of April 27, 2022, is $2104.52B. Microsoft is a technology company.
Its flagship hardware products are the Xbox game consoles and the Microsoft Surface tablet lineup. As of 2016, it was the world’s largest software maker by revenue. It is also one of the world’s most valuable companies. The word Microsoft is a portmanteau of microcomputer and software.
Alphabet is an American multinational conglomerate created and led by Google’s co-founders Larry Page and Sergey Brin. The company specializes in Internet-related services and products, which include online advertising technologies, search engines, cloud computing, software, and hardware. Google has a market capitalization of more than $500 billion USD.
Alphabet Inc. is an American multinational technology conglomerate holding company headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. It is considered to be one of America’s biggest technology companies. Alphabet’s cash reserves are higher than those of Goldman Sachs.
Founded in 1994 by Jeff Bezos, Amazon has grown into an $89 billion corporation. Today, it’s not only an e-commerce giant that sells more than 40 million products on its site but also develops award-winning TV shows like Transparent and movies like Manchester by the Sea.
According to several reports, Amazon ranks No. 1 among all brands according to customer satisfaction and is also one of LinkedIn’s most popular places to work — no surprise considering it offers employees a unique work culture with benefits like free transportation via a fleet of buses and snack offerings such as popcorn and chocolates. Last year alone, Amazon posted revenue of nearly $178 billion.
5. Berkshire Hathaway
Berkshire Hathaway is an investment company based out of Omaha, Nebraska. Warren Buffett is CEO and owns a quarter of all shares in Berkshire Hathaway. The firm has assets worth nearly $400 billion, including large holdings in Coca-Cola and Wells Fargo.
You might recognize several other top companies from their stakes in Berkshire Hathaway: American Express, Procter & Gamble, Walmart, and US Bancorp are all major stakeholders—each holding more than $10 billion worth of stock—in Berkshire Hathaway.
While it’s still growing, Facebook already tops Forbes’ list of most valuable brands. In 2012, Facebook was valued at $85 billion—more than Coca-Cola ($79 billion) and Disney ($76 billion). What’s more impressive is that Facebook achieved all of that without a single advertisement on its site. Instead, it offers up nonintrusive user profiles, which are used to collect information about users’ likes and dislikes for marketing purposes.
To put it another way: If you give your data away for free (aside from what you’re sharing on your profile), it’s worth millions. For more info about how to keep your personal info safe from prying eyes, check out How to Stay Safe When You Browse.
7. Johnson & Johnson
Johnson & Johnson was founded in 1886 by two brothers, Robert Wood Johnson and James Wood Johnson. The company has grown from a family-run medical supply business to an international health care conglomerate that employs more than 126,000 people around the world. Its 2012 revenue was over $71 billion, according to Forbes Magazine.
In April 2013, Barrington Capital Group’s Bill Ackman launched a takeover bid for J&J which he said would unlock $46 billion of value for shareholders. A decade earlier Barrington launched a successful hostile takeover of United Technologies Corp., another large multi-industrial corporation headquartered in Connecticut.
8. Wells Fargo & Company
Wells Fargo & Company is an American multinational banking and financial services holding company. It is headquartered in San Francisco, California, with hub quarters throughout the country. As of 2017, it had approximately $1.7 trillion in assets and 266,000 employees. In December 2016, Wells Fargo became America’s most valuable bank with a market capitalization of over $250 billion; as of August 2018, it has a market cap about half that size.
Founded in 1852 by Henry Wells and William G. Fargo, Wells Fargo is one of America’s oldest and largest financial institutions. The firm provides banking, insurance, investments, mortgage lending, asset management, and other financial services to more than 70 million customers worldwide and has offices in 38 countries around the world.
9. JPMorgan Chase & Co.
JPMorgan Chase & Co. is an American multinational banking and financial services holding company headquartered in New York City. It is a major provider of financial services, and according to Forbes magazine is the world’s sixth-largest public company based on a composite ranking. The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States. J.P.
10. Exxon Mobil Corporation
As of 2015, Exxon Mobil Corporation is one of the largest companies in America. The oil and gas giant had a net income of $32.3 billion, which was over $1 billion more than it earned during its previous fiscal year. Exxon has a diverse revenue stream thanks to its many subsidiaries, which sell products ranging from fuel for heating and transportation to industrial chemicals and lubricants.
Well, there you have it. The top ten richest companies in America right now. If you’re looking to climb your way up that list, it can be a rough road with no end goal in sight, but as long as you know where you want to go and how to get there, everything should work out just fine. Good luck!
With that, we’ve come to an end of our list. Which company is your favorite? What other companies would you add to a list like ours? Let us know by dropping a comment below!
However, if there is anything you think we are missing. Don’t hesitate to inform us by dropping your advice in the comment section. Either way, let me know by leaving a comment below!
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