Top 10 Largest Finance Companies in the World in 2022

Top 10 Largest Finance Companies in the World in 2022

Top 10 Largest Finance Companies

Who are the top finance companies by revenue and asset value in 2022? The following is a list of the largest financial services companies ranked by revenue and asset value in USD billion.

1. Berkshire Hathaway
2. Ping An Insurance Group
3. Allianz
4. AXA
5. JP Morgan Chase
6. ICBC
7. China Construction Bank
8. China Life Insurance
9. Bank of America
10. Agricultural Bank of China

1. Berkshire Hathaway

Number 1 in the list of the world’s top 10 largest financial companies is the company Berkshire Hathaway, an American multinational conglomerate led by Warren Buffet – synonymous with success in modern-day investing and business. Berkshire Hathaway is headquartered in Omaha, Nebraska. Who is the world’s largest financial services company? As of 2020, Berkshire Hathaway is the largest financial services company by revenue in the world, with revenue of USD 247.5 billion in the last fiscal year.

Berkshire Hathaway’s revenue is primarily from wholly owned or minority stakes in several top tier Finance companies including GEICO, Duracell, Dairy Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Chef, Forest River. is now , and NetJets. Berkshire Hathaway also has minority stakes in American Express (17.6%), Wells Fargo (9.9%), The Coca-Cola Company (9.4%), Bank of America (6.8%), and Apple (5.22%).

• Founded: 1839
• Website : https://www.berkshirehathaway.com/
• Berkshire Hathaway Headquarters: Kiewitt Plaza, Omaha, Nebraska, USA
• Berkshire Hathaway Asset Value: USD 707.8 billion
• Berkshire Hathaway Revenue: 247.5 billion US dollars
• Number of Berkshire Hathaway Employees: 389,300

2. Ping An Insurance Group

At number 2 on this list of top 10 financial companies in the world is Ping An Insurance Group, a Chinese holding group involved in insurance, banking and financial services. Ping An Insurance is considered to be China’s largest insurer and one of the largest financial services Finance companies with 2018 revenue of over USD 163.6 billion, with assets of over USD 7 trillion.

The company was founded 32 years ago in Shenzhen, China and is one of the top 50 Finance companies on the Shanghai Stock Exchange.

• Established: 1988
• Website : http://www.pingan.cn/
• Ping An Insurance Group Headquarters: Shenzhen, China
• Ping An Insurance Group Asset Value: USD 7,143 billion
• Ping An Insurance Group Revenue: USD 163.6 billion
• Ping An Insurance Group Number of employees: 190,000

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3. Allianz

Allianz is the first German company in the list of the largest Finance companies by revenue, with an annual revenue of US$143.9 billion and a total asset value of US$973 billion. Allianz is a European multinational financial services company headquartered in Munich, Germany. The company is the world’s largest insurance company as measured by Forbes. Allianz operates in many countries including Canada, USA, Australia, Belgium, Germany and others. Allianz mainly specializes in asset management and insurance.

• Established: 1890
• Website : http://www.allianz.com/
• Allianz Headquarters: Munich, Germany
• Allianz Asset Value: USD 973 billion
• Allianz revenue: 143.9 billion US dollars
• Number of Allianz employees: 147,268

4. AXA

AXA ranks fourth in BizVibe’s ranking of Finance companies by revenue in 2022. AXA is a French multinational insurance firm headquartered in Paris and known for its footprint in global insurance, investment management and other financial services. AXA’s revenue last year was US$113.1 billion – making it one of the world’s top finance companies by revenue. Additionally, AXA’s asset value is over USD 1 trillion.

• Founded: 1816
• Website : https://www.axa.com/
• AXA Headquarters: 25 Avenue Matignon, Paris, France
• Exa Asset Value: USD 1,008 billion
• Exa revenue: US$113.1 billion
• AXA Number of Employees: 125,934

5. JP Morgan Chase

JPMorgan Chase is an American multinational investment banking company and ranked 5th on BizVibe’s list of the world’s top 10 largest Finance companies by revenue. Headquartered in New York City and originally founded in 1799 as the Bank of Manhattan Company, the company has the world’s third largest hedge fund portfolio.

JPMorgan Chase has net assets of US$2.68 trillion and annual revenue of US$105.4 billion last year. JPMorgan Chase is one of the big four banks in the US along with Bank of America, Citigroup and Wells Fargo.

• Established: 2000
• Website : http://www.jpmorganchase.com/
• JPM Headquarters: New York City, New York, USA
• JPM Net Worth: US$2,687 billion
• JPM Revenue: USD 105.4 billion
• Number of JPM employees: 256,981

6. Industrial & Commercial Bank of China (ICBC)

Industrial and Commercial Bank of China – a multinational Chinese banking company and often referred to as ICBC – is the world’s largest bank and ranks 6th on BizVibe’s list of the world’s top 10 Finance companies by revenue. . The company is a state-owned enterprise established in Beijing 36 years ago. ICBC specializes in 3 main types of services: banking, financial services and investment services.

Industrial and Commercial Bank of China is the world’s largest bank by assets with total assets of USD 4.03 trillion. ICBC is the fourth largest bank in the world with total revenue of USD 105.4 billion.

• Established: 1984
• Website : http://www.icbc.com.cn/icbc/
• ICBC Headquarters: Beijing, China
• Net worth of ICBC: USD 4,027 billion
• ICBC Revenue: USD 105.4 billion
• ICBC Number of Employees: 453,048

7. China Construction Bank

Ranked 7th on BizVibe’s list of the world’s largest Finance companies is China Construction Bank Corporation – abbreviated as CCB – the company is one of the “big four” banks in China. CCB was founded 66 years ago in Beijing and currently operates branches in Barcelona, ​​Frankfurt, Luxembourg, Hong Kong, Johannesburg, New York City, Seoul, Singapore, Tokyo, Melbourne, Kuala Lumpur, Sydney and Auckland and its wholly owned subsidiaries. is a company. in London.

China Construction Bank is the world’s second largest bank with total assets of US$3.37 trillion and the world’s 7th largest financial company by revenue of US$95 billion in the last financial year.

• Established: 1954
• Website : https://www.asia.ccb.com/
• CCB Headquarters: Beijing, China
• Net worth of CCB: 3,376 billion US dollars
• CCB revenue: 95 billion US dollars
• CCB Number of Employees: 345,971

8. China Life Insurance

Ranked 8th in BizVibe’s list of the world’s top finance companies by revenue is China Life Insurance, a Chinese-incorporated company based in Beijing. China Life Insurance is the largest life insurer in China and has since expanded into other international markets.

• Established: 1949
• Website : http://www.chinalife.com.cn/
• China Life Insurance Headquarters: Beijing, China
• China life insurance asset value: 362 billion US dollars
• China life insurance revenue: 92.7 billion US dollars
• Dachin Life Insurance Number of System Employees: 16,055

9. Bank of America

Headquartered in Charlotte, North Carolina, United States, Bank of America is one of the largest banks in the world in terms of assets and revenue. Founded in 1998, Bank of America operates central offices in New York City, London, Hong Kong, Minneapolis and Toronto, but was founded in San Francisco. Bank of America specializes in a variety of services and has total assets of US$2.32 trillion and total revenue of US$91.24 billion.

• Established: 1998
• Website : https://www.bankofamerica.com/
• Bank of America Headquarters: Charlotte, US
• Bank of America Net Asset Value: $2,325 billion
• Bank of America’s revenue: 91.24 billion US dollars
• Number of Bank of America employees: 204,489

10. Agricultural Bank of China

Completing BizVibe’s list of the largest financial services Finance companies by revenue is also from China and is one of China’s four largest banks. Agricultural Bank of China is ranked 10th in BizVibe’s list of top Finance companies in 2022. ABC’s total asset value is US$3.287 trillion, making it the third largest bank in the world in terms of assets. The Agricultural Bank of China was established 69 years ago in 1951 and is mainly owned by the Central Huijin and the Ministry of Finance.

In terms of revenue, ABC brought in $87.6 billion in 2018 and continued its stellar annual revenue. In 2010, the Agricultural Bank of China went public and its IPO was the largest on record at the time, surpassing that of Alibaba.

• Established: 1951
• Website : http://www.abchina.com/cn/
• ABC Headquarters: Beijing, China
• ABC net worth: 3,287 billion US dollars
• ABC revenue: US$87.6 billion
• Number of ABC employees: 473,691

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