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Top 10 Biggest Company In Revenue 2021
According to an annual study by Global 500 conducted by the popular magazine Fortune, companies from the US and China have continued to dominate the global market towards becoming the biggest in the world.
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Overall, companies listed in the Global 500 are responsible for business trade worth $31.7 trillion in the year 2021. The value slightly drops from the previous year 2020 which records as the highest so far at $33.3 trillion.
Most of the companies are involved in sectors such as energy, finance, transportation, automotive, technology, telecommunication, and lastly retail and wholesale. Here we would like to share with you the top 10 biggest companies in the world in terms of revenue.
10. Volkswagen (Germany)
Volkswagen is the biggest company in Germany and also one of the car manufacturers company on this list.
In the year 2020, Volkswagen managed to produce 8.9 million cars and the value is lower compared to the previous year which is 10.8 million units. The company which was at first established by the Nazi party in 1937 quickly became popular due to various iconic designs of the cars including the Volkswagen Beetle.
The release of the Volkswagen Beetle was a huge success with more than 21.5 million units sold worldwide.
9. Toyota (Japan)
Despite Toyota becoming the favorite brand in most parts of the world, it all started as a textile company when its founder, Sakichi Toyoda started producing automatic sewing machines in 1926.
It was a decade later that Toyota Motor not only become one of the biggest companies in the world but also the biggest in Japan. Even though global sales in 2020 declined by 10.5 percent compared to the previous year, Toyota still managed to sell 9.5 million cars globally.
This made Toyota the biggest car manufacturer in the world.
8. UnitedHealth Group (US)
UnitedHealth Group is a corporate company established in the United States of America. It provides several healthcare products as well as insurance services.
This multinational company that was founded 44 years ago is now being led by Sir Andrew Witty, an English man that was appointed as CEO in February 2021. The company group which is headquartered in Minnesota runs its businesses globally in which 80 percent of its revenue came from the UnitedHealthcare business.
7. CVS Health (US)
CVS Health is an American company involved in health-related businesses and it is also the first of its kind to be listed as the biggest one in the world.
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This pharmaceutical company also is the first company to be listed in the Global 500 which is led by a CEO that is a woman. CEO Karen Lynch was responsible to lead CVS Health in February 2021.
6. Apple (US)
Apple is one of the giant tech companies in America that is well known as the great FAAMG(Facebook, Amazon, Apple, Microsoft, and Google).
Apple was denoted with several names like the most valuable companies in the world and the biggest tech companies in terms of revenue. The company which was founded by Steve Jobs and Steve Wozniak in 1976 has gone through a huge success in comparison with how it all started in the beginning.
5. Sinopec Group (China)
Sinopec Group which is based on oil and gas is currently on the list of the top 10 biggest companies in the world despite being so young compared to other companies.
This Chinese company was established in 1998 and is now planning to go carbon-free as the company tries to focus on the release of safe hydrogen. Sinopec has set a goal of producing 500,000 tonnes of green hydrogen by 2025.
In 2021, this government-owned company falls 3 steps in the ranking of the Global 500 list.
4. China National Petroleum (China)
As the fourth biggest company in the world, China National Petroleum Corporation(CNPC) is also the 3rd biggest oil and gas company in the world.
This oil and gas giant company has the black gold asset in 30 countries worldwide. CNPC also plays a big role in the international petroleum industry. The CEO of this company, Zhou Jiping has led CNPC since he was only 33 years old in 2013.
3. Amazon (US)
Almost all American households would have spent their money here when shopping online, especially when there is a COVID-19 pandemic going on in 2021.
Amazon which is the biggest company in the world has changed the way people spend their money, especially American citizens. Due to that, the company has strengthened its position in the world of business ever since its establishment in 1994.
The founder of Amazon, Jeff Bezos has been reported as having a net worth of $200 billion and has recently resigned as CEO of Amazon which has been replaced by Andy Jassy.
2. State Grid (China)
Revenue 2021: $384 billion
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The company is based in Beijing and has a huge workforce of 900,000 people. The company's core business will be operating and building its power grid.
In the first quarter of 2020, this company suffered a huge loss in profit as it decreases by 81 percent due to the COVID-19 pandemic.
1. Walmart (US)
Revenue: $524 billion
Sam who uses a simple approach to helping people save money to live a better life has proven to be an effective idea that has helped the company rake in huge profits for the past 59 years.
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