Connect with us

Hi, what are you looking for?

Top News

The List Is Out: These Are the Largest Private Companies in America

The List Is Out: These Are the Largest Private Companies in America

A From this year's Forbes list Cargill topped it. The agribusiness took the top spot for the third year in a row. While the top spot may not be surprising: Forbes has been listing private companies for 39 years, Cargill has appeared 36 times. In its most recent fiscal year, which ended in May 2023, it posted record revenue of $177 million, up 7 percent year over year. Koch Industries held on to the No. 2 spot with revenue of $125 billion. The family-owned company’s sales revenue remained flat compared to the previous year.

There are 258 companies on this year's Forbes list. Photo: Photo Deposit

SpaceX, the space exploration company founded and led by Elon Musk, which recently signed billions of dollars in government contracts, also was listed, boosting its estimated revenue to $4.6 billion.

Sazerac, the spirits company owned by billionaire William Goldring, debuted at No. 207 with an estimated revenue of $3 billion. SpaceX, Sazerac, and the Big Five all have one thing in common: billionaires.

In addition to the 11 newcomers, four more companies returned to the list after dropping out in previous years. These include petroleum coke processor Oxbow, which dropped out in 2020 and is now back at No. 224 with sales of $2.7 billion.

The big winner this year is Colonial Group, which climbed 73 spots to No. 126. The Georgia-based company distributes oil and natural gas products and is also the owner of the Enmarket convenience store chain.

This year's list includes 258 companies, up from 246 last year. To be included, a company must have revenue of at least $2 billion in the most recent fiscal year.

See also  The British state will push the obese to act

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Top News

In a harrowing incident that has shaken the community of Lewiston, Maine, a series of shootings on Wednesday evening resulted in a tragic loss...

Top News

President Joe Biden’s abrupt departure from a speech on the U.S. economy at the White House on Monday sent a ripple of speculation and...

Top News

Given the differences in styles with next-generation consoles, the so-called “console war” between Sony and Microsoft is arguably moot. Most console players, however, will...

World

Chinese scientists have discovered a little-known type of ore containing a rare earth metal highly sought after for its superconducting properties. The ore, called...

Copyright © 2024 Campus Lately.