# List of largest private non-governmental companies by revenue

This is a list of the world's largest non-governmental privately held companies by revenue. This list does not include state-owned enterprises like Sinopec, State Grid, China National Petroleum, Kuwait Petroleum Corporation, Pemex, Petrobras, PDVSA and others. These corporations have revenues of at least US$10 billion.

## Largest private non-governmental companies by revenue

| No. | Company | Revenue (in billions of USD) | Headquarters | Founded |
| 1 | Vitol | 400 (2023) | Switzerland | 1966 |
| 2 | Trafigura Group | 244.3 (2023) | Singapore | 1993 |
| 3 | Schwarz Group | 180.6 (2023) | Germany | 1930 |
| 4 | Cargill | 160 (2023/24) | United States | 1865 |
| 5 | Koch Industries | 125 (2021) | United States | 1940 |
| 6 | Aldi | 120.96 (2023) | Germany | 1946 |
| 7 | E.Leclerc | 102.98 (2023) | France | 1948 |
| 8 | Suning Holdings Group | 102.9 (2019/20) | China | 1990 |
| 9 | REWE Group | 99.69 (2023) | Germany | 1927 |
| 10 | Huawei | 99 (2023) | China | 1987 |
| 11 | Robert Bosch | 98.92 (2023) | Germany | 1886 |
| 12 | Amer International Group | 88.9 (2019) | China | 1995 |
| 13 | HNA Group | 88.5 (2018) | China | 2000 |
| 14 | ByteDance | 85.2 (2022) * | China | 2012 |
| 15 | State Farm | 82.2 (2021) | United States | 1922 |
| 16 | Hengli Group | 80.6 (2019) | China | 1994 |
| 17 | Pacific Construction Group | 77.07 (2021) | China | 1986 |
| 18 | Nippon Life Insurance | 74 (2019/20) | Japan | 1889 |
| 19 | INEOS | 65 (2021) | United Kingdom | 1998 |
| 20 | CMA CGM | 56 (2021) | France | 1978 |
| 21 | Auchan Holding | 54.7 (2019) | France | 1961 |
| 22 | Groupe BPCE | 47.9 (2019) | France | 2009 |
| 23 | Zheijiang Geely Holding Group | 47.89 (2019) | China | 1986 |
| 24 | Deloitte | 47.6 (2019/20) | United Kingdom | 1845 |
| 25 | Ingram Micro | 47.2 (2019) | United States | 1979 |
| 26 | SPAR | 46.98 (2022) | Netherlands | 1932 |
| 27 | IKEA | 45.4 (2018/19) | Sweden | 1943 |
| 28 | New York Life Insurance Company | 44.2 (2019) | United States | 1845 |
| 29 | Nationwide | 44 (2019) | United States | 1926 |
| 30 | Liberty Mutual Insurance Group | 43.2 (2019) | United States | 1912 |
| 31 | PricewaterhouseCoopers | 43 (2019/20) | United Kingdom | 1998 |
| 32 | Cedar Holdings Group | 41.3 (2019) | China | 1997 |
| 33 | ZF Friedrichshafen | 40.9 (2019) | Germany | 1915 |
| 34 | TIAA | 40.5 (2019) | United States | 1918 |
| 35 | Shandong Weiqiao Pioneering Group | 40.4 (2019) | China | 1951 |
| 36 | Edeka Zentrale | 39.8 (2019) | Germany | 1898 |
| 37 | DZ Bank | 39.1 (2019) | Germany | 2001 |
| 38 | Publix Super Markets | 38.5 (2019) | United States | 1930 |
| 39 | Tsingshan Holding Group | 38 (2019) | China | 1992 |
| 40 | Meiji Yasuda Life Insurance | 37.5 (2019/20) | Japan | 2004 |
| 41 | Massachusetts Mutual Life Insurance Company | 37.3 (2019) | United States | 1851 |
| 42 | Ernst & Young | 37.2 (2019/20) | United Kingdom | 1989 |
| 43 | Mars | 37 (2019) | United States | 1911 |
| 44 | Tech Data | 37 (2019/20) | United States | 1974 |
| 45 | Jiangsu Shagang Group | 36.5 (2019) | China | 1975 |
| 46 | Les Mousquetaires | 35.9 (2019) | France | 1969 |
| 47 | Yango Longking Group | 35.9 (2019) | China | 1995 |
| 48 | USAA | 35.6 (2019) | United States | 1922 |
| 49 | Reyes Holdings | 35 (2019) | United States | 1976 |
| 50 | Louis Dreyfus Company | 33.8 (2019) | France | 1851 |
| 51 | Northwestern Mutual | 32.3 (2019) | United States | 1857 |
| 52 | Groupe Casino | 32.1 (2021) | France | 1898 |
| 53 | Sumitomo Life Insurance | 32.1 (2019/20) | Japan | 1907 |
| 54 | Wanda Group | 31.7 (2018) | China | 1988 |
| 55 | H-E-B | 31.2 (2018/19) | United States | 1905 |
| 56 | Phoenix Pharma | 30.5 (2019/20) | Germany | 1994 |
| 57 | Pilot Flying J | 29.5 (2019) | United States | 1981 |
| 58 | Taikang Insurance Group | 29.5 (2019) | China | 1996 |
| 59 | Coop Group | 29.49 (2019) | Switzerland | 1969 |
| 60 | KPMG | 29.22(2020) | Netherlands | 1987 |
| 61 | Xinjiang Guanghui Industry Investment Group | 28.7 (2019) | China | 1989 |
| 62 | GS Caltex | 28.5 (2019) | South Korea | 1967 |
| 63 | Migros Group | 28.5 (2019) | Switzerland | 1925 |
| 64 | Huaxia Life Insurance | 28.49 (2019) | China | 2006 |
| 65 | Mercadona | 28 (2019) | Spain | 1977 |
| 66 | Achmea | 27.6 (2019) | Netherlands | 1995 |
| 67 | Hailiang Group | 27.2 (2019) | China | 1989 |
| 68 | EG Group | 26.5 (2020/21) | United Kingdom | 2001 |
| 69 | C&S Wholesale Grocers | 25.8 (2018/19) | United States | 1918 |
| 70 | Heraeus | 25.1 (2019) | Germany | 1851 |
| 71 | Massachusetts Mutual Life Insurance | 23.66 (2020) | United States | 1851 |
| 72 | Asda | 22.7 (2019/20) | United Kingdom | 1942 |
| 73 | Enterprise Holdings | 22.5 (2019/20) | United States | 1969 |
| 74 | Bechtel | 21.8 (2019) | United States | 1898 |
| 75 | Boehringer Ingelheim | 21.3 (2019) | Germany | 1885 |
| 76 | Cox Enterprises | 21.1 (2019) | United States | 1898 |
| 77 | Greenergy | 21.1 (2019) | United Kingdom | 1992 |
| 78 | Fidelity Investments | 20.9 (2019) | United States | 1946 |
| 79 | Love's Travel Stops & Country Stores | 20.6 (2019) | United States | 1964 |
| 80 | Southern Glazer's Wine & Spirits | 20 (2019) | United States | 1968 |
| 81 | Système U | 19.6 (2019) | France | 1894 |
| 82 | Wakefern Food Corporation | 19.6 (2022/23) | United States | 1946 |
| 83 | Meijer | 18.1 (2019/20) | United States | 1934 |
| 84 | Allied Universal | 18.0 (2020) | United States | 2016 |
| 85 | JM Family Enterprises | 17.7 (2019) | United States | 1968 |
| 86 | World Wide Technology | 17.0 (2022) | United States | 1990 |
| 87 | Swire | 16.3 (2021) | United Kingdom | 1816 |
| 88 | Subway | 16.1 (2019) | United States | 1965 |
| 89 | Chanel | 15.6 (2021) | France | 1910 |
| 90 | Gordon Food Service | 15.5 (2018/19) | United States | 1897 |
| 91 | Inspire Brands | 14.6 (2020) | United States | 2018 |
| 92 | John Lewis Partnership | 14.5 (2021/22) | United Kingdom | 1929 |
| 93 | Turner Construction | 14.4 (2020) | United States | 1901 |
| 94 | Land O' Lakes | 13.95 (2020) | United States | 1921 |
| 95 | Medline Industries | 13.9 (2019) | United States | 1966 |
| 96 | Trader Joe's | 13.7 (2019) | United States | 1958 |
| 97 | Allegis Group | 13.6 (2019) | United States | 1984 |
| 98 | The Guardian Life Insurance Company of America | 13.56 (2020) | United States | 1860 |
| 99 | American Family Insurance Group | 13.07 (2020) | United States | 1927 |
| 100 | Wawa | 13 (2019) | United States | 1964 |
| 101 | Kingston Technology | 12.8 (2019) | United States | 1985 |
| 102 | Racetrac | 12.6 (2019) | United States | 1934 |
| 103 | Kiewit Corporation (Peter Kiewit Sons') | 12.46 (2020) | United States | 1932 |
| 104 | Farmers Insurance Exchange | 11.87 (2020) | United States | 1928 |
| 105 | ABC Supply | 11.6 (2019) | United States | 1982 |
| 106 | Hearst Corporation | 11.5 (2019) | United States | 1887 |
| 107 | Decathlon | 11.4 (2020) | France | 1976 |
| 108 | Chick-fil-A | 11.3 (2019) | United States | 1976 |
| 109 | QuikTrip | 11.2 (2019/20) | United States | 1958 |
| 110 | Mutual of Omaha Insurance | 11.1 (2020) | United States | 1909 |
| 111 | Republic National Distributing Company | 11.0 (2019) | United States | 1996 |
| 112 | Graybar | 11.0 (2023) ** | United States | 1869 |
| 113 | SHI International Corp | 10.7 (2019) | United States | 1989 |
| 114 | Menards | 10.7 (2019) | United States | 1960 |
| 115 | Bloomberg | 10.5 (2019) | United States | 1981 |
| 116 | S. C. Johnson & Son | 10.5 (2019/20) | United States | 1886 |
| 117 | McKinsey | 10.5 (2019) | United States | 1929 |
| 118 | The Whiting-Turner Contracting Company | 10.3 (2019) | United States | 1909 |
| 119 | Jones Financial (Edward Jones) | 10.17 (2020) | United States | 1922 |
| 120 | Hy-Vee | 10.1 (2019 | United States | 1930 |
| 121 | Calpine | 10.1 (2019) | United States | 1984 |
| 122 | Pacific Life | 10.06 (2020) | United States | 1868 |