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America’s top 10 most profitable businesses
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By Hugh Fort in Business News, posted March 22, 2022
America is home to some of the giants of business, enormous corporations that bring in billions of dollars who employ thousands of people across the entire country.
Those companies make massive sums of money, which enables them to expand rapidly into new parts of the US and into new areas of business.
We've taken a look at the companies that are the most successful of all - and some of the profits made are just extraordinary.
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At the top of the list is:
Berkshire Hathaway
Berkshire Hathaway is a holding company for a large number of businesses, including GEICO and Fruit of the Loom. Its CEO is Warren Buffett, and it is headquartered in Omaha, Nebraska.
- Fortune 500 rank: 6
- Profits: $81,417,000,000
- Profits per employee: $207,961.69
Apple
Apple is an American multinational technology company that specializes in consumer electronics, software, and online services. Its CEO is Tim Cook, and the headquarters is based in Cupertino, California, United States.
- Fortune 500 rank: 4
- Profits: $55,256,000,000
- Profit per employee: $403,328.47
Microsoft
Microsoft is an American multinational technology corporation that produces computer software, personal computers, and consumer electronics. The CEO is Satya Nadella, and its headquarters is based in Redmond, Washington, United States.
- Fortune 500 rank: 21
- Profits: $39,240,000,000
- Profit per employee: $272,500.00
JPMorgan Chase
JPMorgan Chase is an American multinational investment bank and financial service. The CEO is Jamie Dimon, and its headquarters is based in New York.
- Fortune 500 rank: 17
- Profits: $36,431,000,000
- Profit per employee: $141,765.34
Bank of America
The Bank of America is also an American multinational investment bank and financial services holding company. Its headquarters are in Charlotte, North Carolina. The CEO of the bank is Brian Moynihan.
- Fortune 500 rank: 25
- Profits: $27,430,000,000
- Profit per employee: $131,792.00
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Intel
Intel is an American multinational corporation and technology company. The headquarters are based in Santa Clara, California, and its CEO is Patrick Gelsinger.
- Fortune 500 rank: 45
- Profits: $21,048,000,000
- Profit per employee: $189,963.90
Wells Fargo
Wells Fargo & Company is a multinational financial services company with the main headquarters in San Francisco, California, and operational headquarters in Manhattan. The CEO is Charles W. Scharf.
- Fortune 500 rank: 30
- Profits: $19,549,000,000
- Profit per employee: $75,246.34
Citigroup
Citigroup Inc. is a multinational investment bank and financial services corporation and is headquartered in New York City. The CEO is Jane Fraser.
- Fortune 500 rank: 31
- Profits: $19,401,000,000
- Profit per employee: $97,005.00
Verizon Communications
Verizon is an American multinational telecommunications conglomerate and a Dow Jones Industrial Average corporate component. The company is headquartered in Midtown Manhattan, New York City. Its CEO is Hans Vestberg.
- Fortune 500 rank: 20
- Profits: $19,265,000,000
- Profit per employee: $142,703.70
Facebook
Meta Platform was formerly known as Facebook, Inc., is an American multinational technology conglomerate based in Menlo Park, California. The company runs Facebook, Instagram, and WhatsApp, among others. The CEO is Mark Zuckerberg.
- Fortune 500 rank: 46
- Profits: $18,485,000,000
- Profit per employee: $411,307.91
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