what was the world's first billion dollar corporation?
Created by legendary banker J. Pierpont Morgan, United States Steel Corporation (U.S. Steel) was capitalized at $1.4 billion. This amount is equivalent to about $80 billion today (2017). It was the world's first billion-dollar company, and its capitalization was equal to almost 7 percent of the country's GNP in 1901. At one time, U.S. Steel was actually the largest steel producer and largest corporation in the world. This information might be interesting for you: