From the iconic conglomerates of the US to the popular automotive brands, the biggest companies in the world have been revealed.
The US and China dominate much of the top 10 largest businesses, making up 80 per cent of the list, according to Fortune’s annual ‘Global 500’ study.
Collectively the biggest companies in the world were responsible for US$31.7 trillion in 2021, a figure that fell 4.8 per cent from 2020 – which was a record high of US$33.3 trillion.
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While the pandemic led to a decrease in collective revenue, it saw a record number of women running the Global 500 businesses.
In 2020, just 14 female CEOs were at the helm of large conglomerates. In 2021, that number grew to 23 – the highest figure recorded since Fortune began the annual research in 2014.
Companies across energy, beverages, finance, transport, automotive, technology, materials, telecom, wholesalers and retailers were among the most prolific globally.
Biggest companies in the world
Revenue: US$524 billion
biggest companies in the world
For the eighth year in a row, Walmart topped the acclaimed list, making it one of the biggest companies in the world.
Founded by Sam Walton, the supermarket franchise has soared to success – starting with humble roots as a family run store established in 1962 to now having more than 2.3 million employees across 24 countries.
Building its vision around the simple concept to help people “save money so they can live better” still proves to be a lucrative business idea 59 years on.