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Top 10 Richest companies in the world 2017

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Walmart – the US retail giant that owns Asda in the UK – retained the top spot for the third year in a row, despite its total sales falling in 2015. It has been investing heavily in its stores and in ecommerce in a bid to recapture market share from Amazon.

“The world’s largest companies took a major step back over the past year,” said the editors of the list. “Cumulative sales of the Global 500… declined for the first time since 2010. And not by a token amount either. Total revenue shrank from $31.2 trillion in fiscal 2014 to $27.6 trillion in 2015, or a fall of 11.5pc. Profits dropped by 11.2pc, to $1.48 trillion.”

Fortune blamed the poor collective showing on a slowdown in the Chinese economy and sluggish growth in the US and Europe.

The Fortune 500 ranks companies according to their annual revenues. US firms dominate, with 134 entries, followed by China with 103, and Japan with 52.

The UK is home to 26 Fortune 500 companies, 17 of them based in London.
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