Every year, thousands of businesses try their hardest to become popular all over the world, but only the biggest names will get a place in the economic hall of fame. Despite hundreds of websites and magazines trying to list the most successful companies in an large-scale annual investigation, it will always be hard to tell which business exactly holds the number one spot, because there are so many elements to look out for. To get a general idea, we can look at magazines like Forbes, Fortune, Time, and the well-known Fortune 500 list. But even here the results differ from each other, so we will have to combine this data and form our own conclusion.
First, let’s look at the wealthiest companies of 2014. Net revenue is a great may to measure a successful company, so this seems like a logical idea. But we should remember that wealth alone does not make a profitable company; if a company owns one billion after ten years, then it is less profitable than a company that owns one billion after one year. Wikipedia is a excellent source for the companies with the biggest bank accounts right now. According to this list, the number one spot goes to Sinopec: a Chinese oil industry. Fortune 500 lists Wal-mart as number one, and Sinopec gets only third place. Other sources seem to think the Industrial & Commercial Bank of China is the richest business in the world.
Now let’s look at which enterprise gained not only the most, but also the fastest amount of money. The biggest grower of 2014 is Groupon according to Forbes. This company took the least time to gain one billion dollars ever: about two years. The Fortune 500 thinks the first place goes to Questcor, an American pharmaceutical company. This fairly new enterprise made some very smart choices and has grown incredibly fast.
Of course, other elements play a major role in finding a profitable company. Innovation (big winner here seems to be Google), international popularity (Apple won this one), stock market fame (Newfield Exploration peaks at the top), and so on. But most researchers seem to agree that the single most gainful company is the Industrial & Commercial Bank of China. This is not surprising, as they’ve managed to gain a monopoly in the Chinese banking world, a fast growing and coveted market. Throughout the internet, almost everyone seems to agree that the ICBC gained the most the fastest throughout 2014. Today, the ICBC holds a revenue of 89.4 billion dollars.
So to answer which is the most profitable company of 2014, we can safely say that this title goes to the ICBC, and we will no doubt hear more of this enterprise the coming years.