On the 61st running Fortune 500 list, Walmart took the first place, ranking as the most valuable company by revenue. In total, the Fortune 500 companies account for $12.5 trillion in revenues, $945 billion in profits, $17 trillion in market value and they employ around 26.8 million people worldwide.
Walmart, the largest retailer in the world, currently has stores in 26 countries. Under the management of CEO Doug McMillon, Walmart is planning to open 116 stores in China by 2016; they’re also planning to expend their business in Canada and India, opening as many as 50 stores in the next five years.
Some of companies included in this year list are General Motors (ranking 6), Verizon (ranking 15), Home Depot (ranking 33), Google (ranking 40) Pepsi Co. (ranking 44), Coca-Cola Co. (ranking 63), Best Buy (ranking 72), Macy’s (ranking 105).
The Fortune 500 listed 128 U.S. companies, four less than last year. Companies from China were also very much present on the list, with 95 companies in total, earning a combined $5.8 billion in revenue.
Gildshire Editor, Elvira Barucija