The richest Fortune 500 company, traditionally defined by revenue, is Walmart.
Walmart consistently ranks as one of the world's largest companies by revenue, demonstrating its vast scale and global economic influence. Its comprehensive operations span retail, e-commerce, and logistics, serving millions of customers worldwide.
Understanding "Richest" in Corporate Terms
When referring to the "richest" company within the context of the Fortune 500 or Fortune Global 500 lists, the primary metric used for ranking is total revenue. These prestigious lists are compiled annually by Fortune magazine, assessing companies based on their reported revenues for their respective fiscal years. While other metrics like profit, market capitalization, or assets also indicate financial strength, revenue is the definitive criterion for ranking on these specific lists.
Top Companies by Revenue: Fortune Global 500 2021
Based on the Fortune Global 500 list for 2021, which ranks the world's largest companies by revenue, Walmart secured the top position.
Here's how Walmart was positioned on that list:
| Rank | Company | Country |
|---|---|---|
| 1 | Walmart | United States |
Walmart's continued presence at the pinnacle of these rankings underscores its massive sales volume derived from its extensive network of retail stores and growing e-commerce presence across numerous countries. Its business model, focused on everyday low prices and a broad product assortment, attracts a vast consumer base, driving its industry-leading revenue figures.
For more information on the world's largest companies by revenue, you can refer to the Fortune Global 500 list on Wikipedia.
