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List of 10 Richest Corporations on Earth
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1) ICBC – Company Assets: $3,124.9 billion Established in 1984 as a limited company, the Industrial & Commercial Bank of China has evolved to become the world’s most valuable financial corporation by total assets.
2) China Construction Bank – Company Assets: $2,449.5 billion Dating from 1954, CCB was originally a state owned bank known as the People’s Construction Bank of China when it was under the direction of the Ministry of Transport as a distributor of national construction project funds.
3) JP Morgan Chase – Company Assets: $2,435.3 billion The firm can trace its origins to 1799, making it among the oldest financial institutions in the Americas.
4) Agricultural Bank of China – Company Assets: $2,405.4 billion According to the company website, ‘The predecessor of Agricultural Bank of China is Agricultural Cooperative Bank established in 1951.
5) Bank of China – Company Assets: $2,291.8 billion Founded as the Bank of Great Qing in 1908 after the country’s revolution and establishment of the People’s Republic of China and renamed BOC in 1912, the corporation is the country’s oldest banking institution.
6) Wells Fargo – Company Assets: $1,543 billion When in 1852 Henry Wells and William Fargo established WF as a banking, investment and overland mail service, they might as well have written in a role for John Wayne, since the company is as synonymous with America’s old West as the Duke himself.
7) General Electric – Company Asstes: $646.6 billion Good ol’ Thomas Edison could scarcely have believed that the little Edison Electric Light Company he founded in 1878 would eventually become the leviathan we know today as General Electric.
8) Berkshire Hathaway – Company Assets: $493.4 billion After acquiring 49% of Berkshire Hathaway in 1963, current octogenarian and one time North Pole Elf Warren Buffet has grown the business from its roots in textiles into one of the world’s largest insurance and investment firms.
9) PetroChina– Company Assets: $386.9 billion One of an increasing number of Chinese corporations to crack the top ten this year, PetroChina is the nation’s largest petrochemical producer, distributor and transporter.
10) Royal Dutch Shell – Company Assets: $357.5 billion In 1985, America’s Shell Chemicals acquired both Britain’s Shell Transport and the Netherlands’ Royal Dutch petroleum to become Royal Dutch Shell.