World's top 10 biggest public companies

World's top 10 biggest public companies
PHOTO: Reuters

A Chinese banking giant, Industrial and Commercial Bank of China, has been crowned the largest public company in the world, according to the 2017 Forbes Global 2000 ranking.

The position is followed by the China Construction Bank.

The Agricultural Bank of China fell three spots to No 6 and the Bank of China further dropped two spots to No 8 this year.

The Forbes Global 2000 ranking, published since 2003, was based on a composite score from equally-weighted measures of revenue, profits, assets and market value.

The 2017 list featured public companies from a total of 58 countries which, together, accounted for $35.3 trillion in revenue, $2.5 trillion in profit, $169.1 trillion worth in assets, and have a combined market value of $48.8 trillion.

The top 10 biggest public companies in the world are listed below:

No 10 Toyota Motor

Photo: Reuters

Country: Japan

Sales: $249.9 billion

Profit: $17.1 billion

Assets: $412.5 billion

Market value: $171.9 billion

No 9 Apple

Photo: Reuters

Country: United States

Sales: $217.5 billion

Profit: $45.2 billion

Assets: $331.1 billion

Market value: $752 billion

No 8 Bank of China

Photo: Reuters

Country: China

Sales: $113.1 billion

Profit: $24.9 billion

Assets: $2.61 trillion

Market value: $141.3 billion

No 7 Bank of America

Photo: Reuters

Country: United States

Sales: $92.2 billion

Profit: $16.6 billion

Assets: $2.19 trillion

Market value: $231.9 billion

No 6 Agricultural Bank of China

Photo: Reuters

Country: China

Sales: $115.7 billion

Profit: $27.8 billion

Assets: $2.82 trillion

Market value: $149.2 billion

No 5 Wells Fargo

Photo: AFP

Country: United States

Sales: $97.6 billion

Profit: $21.9 billion

Assets: $1.97 trillion

Market value: $274.4 billion

No 4 JPMorgan Chase

Photo: AFP

Country: United States

Sales: $102.5 billion

Profit: $24.2 billion

Assets: $2.51 trillion

Market value: $306.6 billion

No 3 Berkshire Hathaway

Photo: BHHS Properties

Country: United States

Sales: $222.9 billion

Profit: $24.1 billion

Assets: $620.9 billion

Market value: $409.9 billion

No 2 China Construction Bank

Photo: Reuters

Country: China

Sales: $134.2 billion

Profit: $35 billion

Assets: $3.02 trillion

Market value: $200.5 billion

No 1 Industrial and Commercial Bank of China

Photo: Reuters

Country: China

Sales: $151.4 billion

Profit: $42 billion

Assets: $3.47 trillion

Market value: $229.8 billion

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