Forbes’ annual compilation of 2,000 biggest and most powerful companies globally, this year was made up of companies from 61 countries and account for combined revenues of $39 trillion, profits of $3 trillion, with assets worth $162 trillion, and a market value of $48 trillion. Thanks to a bull market, the total market value of Global 2000 companies grew nine per cent year-over-year, the most among the four metrics.
Dangote Cement led the Nigerian four companies on the list, followed by Zenith Bank Nigeria, FBN Holdings Nigeria and Guaranty Trust Bank in that order.
South Africa also featured a quartet comprising Standard Bank Group South Africa, Sasol South Africa, MTN Group South Africa and FirstRand South Africa in that same order.
For the first time, China’s four biggest banks own the top four spots. Industrial and Commercial Bank of China tops the list for a third consecutive year, while Bank of China jumped five spots to the No.4 spot, knocking down JP Morgan Chase. Berkshire Hathaway stays at the 5th place, making Warren Buffet’s conglomerate the largest U.S. firm this year.
In the Forbes 13th annual snapshot of the World’s largest the duo of U.S. and China split the top 10 spots for a second year in a row. Beyond the top 10, U.S. still leads the list with 579 companies.