What are the top ten largest companies or employers in the United States? Check out this blog post to get the list and details! Read Here!
Top 10 largest employers in the U.S
U.S. companies are reaping the benefits of a strong economy, with many pulling in billions of dollars in revenue. Given the significant volatility of the financial markets, the largest companies in the country provide relative security to investors. Here are the top ten largest employers or companies in the U.S. Read on!
1. Berkshire Hathaway
Warren Buffett’s holding Berkshire Hathaway operates many subsidiaries in various industries: insurance, rail transport, confectionery, clothing, and jewelry. In addition, Buffett owns stakes in Coca-Cola, Wells Fargo, IBM, and Apple.
2. JPMorgan Chase
JPMorgan Chase is one of the world’s largest and oldest financial institutions. JPMorgan Chase operates in 60 countries and has 252,000 employees and trillions of dollars in depository assets. The company provides a full range of banking services for private clients, businesses, and government agencies.
The world’s largest publicly traded oil company is producing across the globe. The corporation sells fuels and lubricants under Mobil1, Esso, XTO, and many others. The American corporation signed a contract with Rosneft on the joint development of hydrocarbon reserves on the Black Sea and Arctic shelves.
AT&T is the world’s largest telecommunications company. With more than 120 million subscribers, AT&T has become a diversified corporation, including energy production: it is now the third largest oil and gas company in Texas. AT&T specialized in fixed-line telephony and successfully refocused on cellular communications and Internet services with the advent of the mobile era.
5. Bank of America
Bank of America operates in 40 countries, but the United States remains a crucial market. The bank has branches in every state, and at least 10% of Americans keep their money in the bank. The bank serves 46 million customers, and Bank of America manages over $1 trillion in assets.
6. Wells Fargo
Wells Fargo is one of the U.S. banks holding up to 45% of total U.S. deposits. As a bank, Wells Fargo has about 6,000 branches in the U.S., employing over 150,000 people. The company is also active in insurance and asset management.
7. Verizon Communications
Telecommunications company Verizon Communications is engaged in mobile communications, the Internet, cable television, and the provision of cloud storage services. Verizon Communications ranked second among the world’s telecommunications companies in 2016.
Microsoft is known for its Windows operating system and Office software, but today’s Microsoft is not only about computer software. Bill Gates’ company sells Xbox game consoles, CRM systems for Microsoft Dynamics organizations, and even mobile phones under the Lumia brand.
9. Walmart Stores
Walmart hypermarkets enjoy a well-deserved reputation as stores where you can buy everything from a toothpick to a refrigerator. The company operates the world’s largest wholesale and retail network in 28 countries. The central regions of presence are the USA, Mexico, Canada, Great Britain, South America, South Africa, China, and Japan.
Alphabet is the technical name of the holding company that owns Google Corporation and Verily, Calico, X, Nest, G.V., Google Capital, and Access/Google Fiber. Various divisions of Alphabet are engaged in artificial intelligence and unmanned vehicles.
The U.S has a stable political, economic, and social environment, making it an attractive market for venture capital and equity funding. The country has some of the world’s largest companies, including the ones mentioned above. The ease of doing business is the most significant reason people start and run successful companies in the U.S. Until Next Time!
- Article based on personal opinion, experience and research.
- Photos from Unsplash & canva.