China now has the world’s largest company
One world: one gigantic market place. This year, 63 countries have Global 2000 entries vs 51 in our inaugural list in 2004. Forbes Global 2000 are the biggest, most powerful listed companies in the world. Our justification for using a composite ranking is simple: One metric alone can give a false impression about corporate size. Our ranking of the world’s biggest companies departs from lopsided lists based on a single metric, like sales. Instead we use an equal weighting of sales, profits, assets and market value to rank companies according to size.
In total, the Global 2000 companies now account for $38 trillion in revenues (up 6%), $2.43 trillion in profits (down 7%), $159 trillion in assets (up 7%) and $39 trillion in market value (up 7%). These firms also employ 87 million people worldwide. All metrics are up from a year ago, except for profits.
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