Forbes Global 2000 Explained

The Forbes Global 2000 is an annual ranking of the top 2000 public companies in the world, published by: sales, profit, assets and market value. The list has been published annually since 2003.

By country

Forbes Global 2000 as of 2023:^{[1] [2]}

Rank	Country/region	Companies	Highest-ranked company
1	United States	620	JPMorgan Chase
2	China	298	ICBC
3	Japan	192	Toyota
4	United Kingdom	60	Shell
5	France	49	TotalEnergies
6	Germany	50	Volkswagen Group
7		61	Samsung Electronics
8	Canada	57	Royal Bank of Canada
9	India	55	Reliance Industries
10		45	Taiwan Semiconductor
11	Hong Kong	44	China Mobile
12	Switzerland	44	Nestlé
13	Australia	32	BHP
14	Italy	28	Eni
15	Netherlands	25	Stellantis
16	Sweden	24	Volvo
17	Brazil	22	Petrobras
17	Ireland	22	Accenture
19	Spain	20	Santander
20	Saudi Arabia	17
20	Thailand	17	PTT
22		16	First Abu Dhabi Bank
23	Singapore	14	Oversea-Chinese Banking Corporation
24	Mexico	13	América Móvil
25	South Africa	12	FirstRand
26	Israel	11	Bank Leumi
27	Denmark	10	Møller-Maersk
27	Finland	10	Nordea Bank
29	Norway	9	Equinor
29	Austria	9	OMV Group
29	Turkey	9	Koç Holding
32	Indonesia	8	Bank Rakyat Indonesia
32	Malaysia	8	Maybank
32	Chile	8	Quinenco
32	Greece	8	Eurobank Ergasias
36	Poland	7	PKN Orlen
37	Belgium	6	Anheuser-Busch InBev
37	Qatar	6	Qatar National Bank
37	Luxembourg	6	ArcelorMittal
37	Bermuda	6	Arch Capital Group
41		5	Joint Stock Commercial Bank for Foreign Trade of Vietnam
42	Colombia	4	Ecopetrol
42	Portugal	4	Edp-energias De Portugal
42	Philippines	4	SM Investments
45	Kuwait	2	Kuwait Finance House
45	Hungary	2	MOL Hungarian Oil
45	Cayman Islands	2	Nu Holdings
45	Kazakhstan	2	Kaspi.kz JSC
45	Morocco	2	Attijariwafa Bank
45	Nigeria	2	Dangote Cement
51	Czech Republic	1	Cez Group
51	Argentina	1	YPF
51	Peru	1	Credicorp
51	Uruguay	1	MercadoLibre
51	Egypt	1		Commercial International Bank
51	Jordan	1	Arab Bank
51	Oman	1	Bank Muscat
51	Pakistan	1	Pakistan State Oil

2023 list

In 2023, the ten largest companies as calculated by this method were:^[3]

2023 top ten! Rank !! Company !! Headquarters !! Industry !! Sales
(billion $) !! Profits
(billion $) !! Assets
(billion $)

1	JPMorgan Chase^[4]	New York	Banking, financial services	179.93	41.8	3,700
2	Saudi Aramco	Dhahran	Oil and gas	393.16	61.69	369.4
3	Citigroup	New York	Banking, financial services	216.77	52.47	6,100
4	Industrial and Commercial Bank of China	Beijing	Banking, financial services	203.08	48.25	5,000
5	China Construction Bank	Beijing	Banking, financial services	186.14	37.92	5,400
6	Bank of America	Charlotte	Banking, financial services	133.84	28.62	3,200
7	Alphabet^[5]	Mountain View, California	Conglomerate	282.85	58.59	369.5
8	Berkshire Hathaway	Omaha	Conglomerate	589.47	156.36	653.9
9	Microsoft	Redmond	Software	207.59	69.02	380.1
10	Apple Inc.	Cupertino	Software	385.1	94.32	332.2

2022 list

In 2022, the ten largest companies as calculated by this method were:^[6]

2022 top ten! Rank !! Company !! Headquarters !! Industry !! Sales
(billion $) !! Profits
(billion $) !! Assets
(billion $) !! Market value
(billion $)

1	Berkshire Hathaway	Omaha	Conglomerate	276.1	89.9	958.8	741.5
2	Industrial and Commercial Bank of China	Beijing	Banking, financial Service	208.1	54.0	5,518.5	214.4
3	Saudi Aramco	Dhahran	Oil and gas	400.4	105.4	576.0	2,292.1
4	JPMorgan Chase	New York	Banking, financial services	124.5	42.1	3,954.7	374.5
5	China Construction Bank	Beijing	Banking, financial services	202.1	46.9	4,747.0	181.3
6	Amazon.com, Inc.	Seattle	Conglomerate	469.8	33.4	420.6	1,468.4
7	Apple Inc.	Cupertino	Computer software	678.7	100.6	381.2	2,640.3
8	Citigroup	New York	Banking, financial services	181.4	37.4	4,561.1	133.4
9	Bank of America	Charlotte	Banking, financial services	96.8	31.0	3,238.2	303.1
10	Toyota Motor	Toyota, Aichi	Automotive	281.8	28.2	552.5	237.7

2021 list

In 2021, the ten largest companies as calculated by this method were:^[7]

2021 top ten! Rank !! Company !! Headquarters !! Industry !! Sales
(billion $) !! Profits
(billion $) !! Assets
(billion $) !! Market value
(billion $)

1	Industrial and Commercial Bank of China	Beijing	Banking, financial Service	190.5	45.8	4914.7	249.5
2	JPMorgan Chase	New York City	Banking, financial services	136.2	40.4	3689.3	464.8
3	Berkshire Hathaway	Omaha	Banking, financial services	245.5	42.5	873.7	624.4
4	China Construction Bank	Beijing	Banking, financial services	173.5	39.3	4301.7	210.4
5	Saudi Aramco	Dhahran	Oil and gas	229.7	49.3	510.3	1897.2
6	Apple Inc.	Cupertino	Computer software	294	63.9	354.1	2252.3
6	Bank of America	Charlotte	Banking, financial services	98.8	17.9	2832.2	336.3
6	Ping An Insurance	Shenzhen	Financial services	169.1	20.8	1453.8	211.2
9	Citigroup	New York	Banking, financial services	153.9	31.3	4159.9	140.1
10	Amazon.com, Inc.	Seattle	Conglomerate	386.1	21.3	321.2	1711.8

2020 list

In 2020, the ten largest companies as calculated by this method were:^[8]

2020 top ten! Rank !! Company !! Headquarters !! Industry !! Sales
(billion $) !! Profits
(billion $) !! Assets
(billion $) !! Market value
(billion $)

1	Industrial and Commercial Bank of China	Beijing	Banking, financial services	177.2	45.3	4322.5	242.3
2	China Construction Bank	Beijing	Banking, financial services	162.1	38.9	3822	203.8
3	JPMorgan Chase	New York City	Banking, financial services	142.9	30	3139.4	291.7
4	Berkshire Hathaway	Omaha	Banking, financial services	254.6	81.4	817.7	455.4
5	Citigroup	New York	Banking, financial services	148.7	30.9	3697.5	147.2
6	Saudi Aramco	Dhahran	Oil and gas	329.8	88.2	398.3	1284.8
7	Ping An Insurance	Shenzhen	Financial services	155	18.8	1218.6	187.2
8	Bank of America	Charlotte	Banking, financial services	112.1	24.1	2620	208.6
9	Apple Inc.	Cupertino	Computer software	267.7	57.2	320.4	1285.5
10	Bank of China	Beijing	Banking, financial services	135.4	27.2	3387	112.8

2019 list

In 2019, the ten largest companies as calculated by this method were:^[9]

+ 2019 top ten	Rank	Company	Headquarters	Industry	Sales (billion $)	Profits (billion $)	Assets (billion $)	Market value (billion $)
1	Industrial and Commercial Bank of China	Beijing	Banking, financial services	175.9	45.2	4034.5	305.1
2	JPMorgan Chase	New York City	Banking, financial services	132.9	32.7	2737.2	368.5
3	China Construction Bank	Beijing	Banking, financial services	150.3	38.8	3382.4	225
4	Citigroup	New York City	Banking, financial services	137.5	30.9	3293.1	197
5	Bank of America	Charlotte	Banking, financial services	111.9	28.5	2377.2	287.3
6	Apple Inc.	Cupertino	Electronic and software	261.7	59.4	373.7	961.3
7	Ping An Insurance	Shenzhen	Financial services	151.8	16.3	1038.3	220.2
8	American Express	Buffalo	Banking, financial services	126.7	27.5	3097.6	143
9	Royal Dutch Shell	The Hague	Oil and gas	382.6	23.3	399.2	264.9
10	Wells Fargo	San Francisco	Banking, financial services	101.5	23.1	1887.8	214.7

2018 list

In 2018, the ten largest companies as calculated by this method were:^[10]

+ 2018 top ten	Rank	Company	Headquarters	Industry	Sales (billion $)	Profits (billion $)	Assets (billion $)	Market value (billion $)
1	Industrial and Commercial Bank of China	Beijing	Banking, financial services	165.3	43.7	4210.9	311
2	China Construction Bank	Beijing	Banking, financial services	143.2	37.1	3631.6	261.2
3	JPMorgan Chase	New York City	Banking, financial services	118.2	26.5	2609.8	387.7
4	Berkshire Hathaway	Omaha	Conglomerate	235.2	39.7	702.7	491.9
5	Citigroup	New York City	Banking, financial services	129.3	29.6	3439.3	184.1
6	Bank of America	Charlotte	Banking, financial services	92.2	16.6	2196.8	231.9
7	Wells Fargo	San Francisco	Banking, financial services	103.0	21.7	1915.4	265.3
8	Apple Inc.	Cupertino	Computing	247.5	53.3	367.5	926.9
9	Bank of China	Beijing	Banking, financial services	118.2	26.4	3204.2	158.6
10	American Express	Buffalo	Banking, financial services	141.6	13.9	1066.4	181.4

As a group, the Forbes Global 2000 in year 2018 accounts for $39.1* trillion in sales, $3.2 trillion in profit, $189* trillion in assets and $56.8* trillion in market value.

By industry sector

The top-ranked companies in each industry sector are as follows.

+ 2018 top company by sector	Sector	Company	Headquarters	Overall rank	Sales (billion $)	Profits (billion $)	Assets (billion $)	Market value (billion $)
Advertising		London	0301 301	18.7	1.8	42.4	30.1
		Chicago	0076 76	96.1	5.2	94.4	85.3
		Sandy Springs, Georgia	Sandy Springs	0146 146	58.1	4.8	38.3	93.3
Airline		Atlanta	0170 170	40.5	4.7	53.3	34.4
Aluminum		New York City	0757 757	21.7	style="text-align:center;"	-0.3	36.1	13.7
		Paris	0216 216	41.6	1.7	68.1	31.4
		A Coruña	0310 310	23.1	3.2	18.8	103.2
	Toyota Motor	Toyota, Aichi	Toyota	0010 10	235.8	19.3	406.7	177.0
		Hanover	0209 209	43.5	3.0	36.7	43.7
		Leuven	0056 56	43.6	8.3	136.5	204.6
		Foster City, California	Foster City	0118 118	32.2	18.1	51.8	138.1
		Philadelphia	0035 35	74.5	8.2	166.6	148.2
		Hangzhou	0174 174	15.0	11.0	56.2	200.7
		Tokyo	0254 254	31.4	1.8	36.8	40.4
Casinos & Gaming		Paradise, Nevada	Paradise	0432 301	11.4	1.8	21.0	37.2
		San Jose, California	San Jose	0063 63	49.6	10.3	112.6	141.7
		Richfield, Minnesota	Richfield	0637 637	39.5	0.9	13.5	10.7
	Apple Inc.	Cupertino	0008 8	233.3	53.7	293.3	586.0
		Mountain View, California	Mountain View	0027 27	77.2	17.0	149.7	500.1
		Hopkinton, Massachusetts	Hopkinton	0231 231	24.6	2.0	45.7	51.9
Conglomerates		Munich	0051 51	85.5	6.5	133.9	91.8
		Courbevoie	0256 256	43.9	1.4	48.7	25.6
Construction Services		Beijing	0114 114	135.0	4.1	165.6	25.6
		Tokyo	0192 192	67.9	1.1	142.2	34.1
		New York City	0095 95	34.6	5.0	159.0	63.2
		Hawthorn, Victoria	Hawthorn	0966 966	9.3	0.7	8.2	13.6
		New York City	0515 515	27.1	1.1	20.6	12.8
		Bentonville, Arkansas	Bentonville	0015 15	482.1	14.7	199.6	215.7
		Ludwigshafen	0094 94	78.1	4.4	80.1	73.2
	Ping An Insurance	Shenzhen	0020 20	98.7	8.7	732.3	90.0
		Beijing	0167 167	27.3	2.6	85.3	43.1
	Veolia Environnement	Paris	0526 526	27.7	0.5	39.0	13.3
		Woonsocket, Rhode Island	Woonsocket	0062 62	153.3	5.2	93.7	110.8
		Seoul	0097 97	52.1	11.7	149.5	33.1
		Rueil-Malmaison	0248 117	29.5	1.6	46.3	39.3
	Hon Hai Precision (Foxconn)	New Taipei City	0117 117	141.2	4.6	70.3	39.2
		Houston	0549 549	13.0	0.8	20.9	25.1
		Vevey	0033 33	92.2	9.4	123.9	235.7
		Cincinnati	0223 223	109.8	2.0	34.9	34.2
		Santiago	1943 1943	4.8	0.3	14.8	5.4
		Stellenbosch	0440 440	13.3	1.4	25.1	22.8
		St. Louis	0145 145	101.8	2.5	54.0	46.5
		Peoria, Illinois	Peoria	0155 155	47.0	2.1	78.5	45.6
		Atlanta	0112 112	88.5	7.0	42.5	169.8
		Miami	0311 311	15.8	1.9	38.4	37.8
		Foshan	0402 402	22.0	2.0	19.8	20.2
		Cincinnati	0039 39	69.4	8.4	129.1	218.9
		London	0420 420	11.7	1.4	27.2	27.9
			Seattle	0237 237	107.0	0.6	67.7	292.6
		Omaha	0004 4	210.8	24.1	561.1	360.1
Iron & Steel		Hong Kong	0061 61	53.8	5.4	877.8	45.4
		Tokyo	0029 29	129.8	4.4	2,450.7	62.6
	Industrial and Commercial Bank of China	Beijing	0001 1	171.1	44.2	3,420.3	198.0
		Minnetonka, Minnesota	Minnetonka	0041 41	165.9	6.0	117.9	127.5
		New Brunswick, New Jersey	New Brunswick	0032 32	70.2	15.4	133.4	312.6
	Gas Natural Fenosa	Barcelona	0287 287	28.8	1.7	52.3	20.6
	ExxonMobil	Irving	0009 9	236.8	16.2	336.8	363.3
		Houston	0176 176	31.7	1.6	69.1	111.1
		Dublin	0315 315	20.9	2.0	31.0	28.9
		Copenhagen	0306 306	40.3	0.7	64.1	30.7
		Memphis, Tennessee	Memphis	0426 426	22.4	0.9	30.6	17.8
		New York City	0046 46	48.9	7.7	167.5	205.7
		Waltham, Massachusetts	Waltham	0267 267	17.0	2.0	40.9	57.8
Printing & Publishing		New York City	0405 405	12.2	1.3	29.1	30.9
		New York City	0165 165	26.9	3.4	102.0	32.4
Railroads		Omaha	0172 172	21.0	4.6	55.8	75.4
		Shenzhen	0185 185	31.1	2.9	94.1	27.7
Recreational Products		Santa Monica, California	Santa Monica	0842 842	4.6	0.9	15.3	25.5
	China Construction Bank	Beijing	0002 2	146.8	36.4	2,826.0	162.8
		Tokyo	1075 1075	6.7	0.5	42.3	4.2
Restaurants		Oak Brook, Illinois	Oak Brook	0189 189	25.4	4.8	37.9	110.1
Security Systems		Tokyo	0854 854	7.1	0.6	13.2	18.1
	Samsung Electronics	Seoul	0018 18	177.3	16.5	206.5	161.6
		Redmond, Washington	Redmond	0023 23	86.6	10.2	181.9	407.0
		Paris	0313 313	18.2	1.9	31.4	40.5
		Bellevue, Switzerland	Bellevue	0416 416	12.4	1.7	21.2	37.6
		Dallas	0012 12	146.8	13.2	402.7	234.2
		Wiesbaden	1381 1381	1.4	0.4	57.2	2.1
		London	0177 177	20.0	6.6	46.5	111.0
		Tokyo	0136 136	59.8	2.7	135.7	27.7
Trucking		Tokyo	1306 1306	11.7	0.3	9.3	8.6

2017 list

In 2017, the ten largest companies as calculated by this method were:^[11]

+ 2017 top ten	Rank	Company	Headquarters	Industry	Sales (billion $)	Profits (billion $)	Assets (billion $)	Market value (billion $)
1	Industrial and Commercial Bank of China	Beijing	Banking, financial services	151.4	42.0	3473.2	229.8
2	China Construction Bank	Beijing	Banking, financial services	134.2	35.0	3016.6	200.5
3	Berkshire Hathaway	Omaha	Conglomerate	222.9	24.1	620.9	409.9
4	JPMorgan Chase	New York City	Banking, financial services	102.5	24.2	2513.0	306.6
5	Wells Fargo	San Francisco	Banking, financial services	97.6	21.9	1943.4	274.4
6	Citigroup	New York City	Banking, financial services	115.7	27.8	2816.0	149.2
7	Bank of America	Charlotte	Banking, financial services	92.2	16.6	2196.8	231.9
8	Bank of China	Beijing	Banking, financial services	113.1	24.9	2611.5	141.3
9	Apple Inc.	Cupertino	Computing	217.5	45.2	331.1	752.0
10	Toyota Motor	Toyota		249.9	17.1	412.5	171.9

2016 list

In 2016, the ten largest companies as calculated by this method were:^[12]

+ 2016 top ten	Rank	Company	Headquarters	Industry	Sales (billion $)	Profits (billion $)	Assets (billion $)	Market value (billion $)
1	Industrial and Commercial Bank of China	Beijing	Banking, financial services	171.1	44.2	3,420.2	198
2	China Construction Bank	Beijing	Banking, financial services	146.8	36.4	2,826	162.8
3	Citigroup	New York City	Banking, financial services	131.9	28.8	2,739.8	152.7
4	Berkshire Hathaway	Omaha	Conglomerate	210.8	24.1	561.1	360.1
5	JPMorgan Chase	New York City	Banking, financial services	99.9	23.5	2,423.8	234.2
6	Bank of China	Beijing	Banking, financial services	122	27.2	2,589.6	143
7	Wells Fargo	San Francisco	Banking, financial services	91.4	22.7	1,849.2	256
8	Apple Inc.	Cupertino	Computing	233.3	53.7	293.3	586
9			Oil and gas	236.8	16.2	336.8	363.3
10	Toyota Motor	Toyota	Automotive	235.8	19.3	406.7	177

See also

• Forbes 500
• Fortune Global 500
• Fortune India 500
• Financial Times Global 500
• Bentley Infrastructure 500
• List of largest employers
• List of largest companies by revenue
• List of public corporations by market capitalization
• List of largest Nordic companies

External links

• Forbes.com: full list of the Forbes Global 2000

Notes and References

1. Web site: Inside The Global 2000: JPMorgan Is Again The World's Largest Company As Berkshire Hathaway Falls. Forbes. Hank. Andrea. Tucker. Murphy. 8 June 2023. 11 June 2023.
2. Web site: The Full List of Forbes Global 2000 in 2023. Forbes. Hank. Andrea. Tucker. Murphy. 8 June 2023. 3 August 2023 . deviated . https://web.archive.org/web/20230807072238/https://www.forbes.com/lists/global2000/ . 7 August 2023.
3. Web site: 2023 The Global 2000. Forbes. Andrea. Hank. Murphy. Tucker. 8 June 2023. 11 June 2023 . deviated . https://web.archive.org/web/20230614142211/https://www.forbes.com/lists/global2000/ . 14 June 2023.
4. Web site: 12 June 2023. 8 June 2023. Emily. Mason. The World's Largest Banks 2023: JPMorgan Chase Takes Top Spot Overall As Five Banks Crack Top Ten Of Forbes' Global 2000. Forbes.
5. Web site: The World's Largest Technology Companies In 2023: A New Leader Emerges. Forbes. Jonathan. Ponciano. 8 June 2023. 12 June 2023.
6. Web site: Murphy . Andrea . Contreras . Isabel . 2022-05-12 . The Global 2000 2022 . 2022-05-20 . Forbes . en . deviated . https://web.archive.org/web/20220521052933/https://www.forbes.com/lists/global2000/ . 2022-05-21.
7. Web site: The Global 2000 2021. 2021-05-20. Forbes. en . deviated . https://web.archive.org/web/20211006102526/https://www.forbes.com/lists/global2000/#4a133ad55ac0 . 2021-10-06.
8. Web site: Global 2000 – The World's Largest Public Companies 2020. https://wayback.archive-it.org/all/20110821013724/http://www.forbes.com/global2000/. dead. 2011-08-21. Forbes. en. 2020-05-13.
9. Global 2000: The World's Largest Public Companies. Forbes.com. 2019-05-15. 2019-06-03.
10. Global 2000: The World's Largest Public Companies 2018. Kristin. Stoller. June 6, 2018. May 30, 2019. Forbes.
11. The World's Largest Public Companies 2017. Forbes.com. November 23, 2018.
12. The World's Largest Companies 2016. Forbes.com. November 23, 2018.