30 of the World’s Most Valuable Private Companies

Published on January 26, 2023 at 9:36 am by Omer Farooq in Lists, News

In this article, we will discuss the 30 most valuable private companies in the world. If you want to explore similar companies, you can also take a look at 10 of the World’s Most Valuable Private Companies.

A private company is a type of business entity that is owned by private investors or shareholders whose shares of stock are not offered for sale to the public. The primary benefit of operating as a private company is that the owners have more control over the operations and management of the company. Private companies are not required to publicly disclose financial information, which allows them greater flexibility in their operations. This can make it easier for a company to pursue business strategies that may not be feasible for public companies. Additionally, the ownership structure of a private company can be less complicated and more straightforward than that of a public company.

In some cases, private companies may choose to remain private in order to avoid the costs and hassle of going public. Other private companies may pursue an initial public offering (IPO) in order to raise capital for growth or expansion. However, this process can be costly and time consuming, and may not be suitable for all companies.

The most valuable private companies in the world are those that have managed to build up a considerable amount of wealth and have been able to maintain their status as privately owned entities. These companies have managed to weather the storms of the global economy and have maintained their success in spite of the difficulties and competition that may come their way.

From technology giants to retail companies, these businesses have built up their fortunes and have become some of the most powerful and influential companies in the world. Some of the most valuable private companies in the world are giving competition to mega-caps like Microsoft Corporation (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL), and Alphabet Inc. (NASDAQ:GOOG), in terms of revenue. Here, we take a look at some of the most valuable private companies in the world and how they have achieved their success.

Our Methodology

We sifted through lists of the largest and most valuable private companies in the world that are published by credible business magazines such as Forbes and Fortune. We then looked for each company’s financial reports on its official website and other reliable resources.

Since private companies are not required to disclose their financial information publicly, it can become difficult to estimate the true value of the business. There are various ways of valuing a private company. In our case, we used the annual revenue of each company’s most recent fiscal year to value it. These companies are ranked in ascending order of their annual revenue for their most recent fiscal year, sourced from Forbes’ lists and official annual reports.

30 of the World’s Most Valuable Private Companies

30. INEOS Group Limited

Annual Revenue: $20.38 Billion

INEOS Group Limited is a multinational chemical company headquartered in London, the United Kingdom. It is one of the world’s largest chemical companies and has operations in 29 countries across the world. The company was founded in 1998 and is now among the most valuable privately owned companies in the world. In 2021, the company’s annual revenue crossed $20 billion.

INEOS Group Limited produces a variety of petrochemicals, including petrol, diesel, naphtha, and ethylene, as well as specialty chemicals, such as ethylene oxide, ethylene glycol, propylene glycol, and polypropylene. It also produces polyethylene, polypropylene, and polystyrene plastics.

29. Massachusetts Mutual Life Insurance Company

Annual Revenue: $30.45 Billion

Massachusetts Mutual Life Insurance Company (MassMutual) is a Fortune 500 company that has been in the life insurance business for well above 150 years. MassMutual offers a wide range of life insurance products, including individual, group, and retirement plans. According to the company’s financial report, in 2021, Massachusetts Mutual Life Insurance Company reported an annual revenue of $30.45 billion.

While MassMutual is one of the world’s most valuable private companies, some of the world’s most valuable public companies include Microsoft Corporation (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL), and Alphabet Inc. (NASDAQ:GOOG).

28. Cedar Holdings Group

Annual Revenue: $33.8 Billion

Cedar Holdings Group is a Chinese financial services and asset management company that conducts business through six segments: Gongtongyun Supply Chain Group, Chemical Industry Group, Cedar Culture & Tourism Group, King vision Group, Community Ecological Operation Group, and Financial Services Group. The company was founded in 1997 and is based in Guangzhou, China. The company’s annual revenue in 2021 amounted to $33.8 billion.

27. Reyes Holdings, LLC

Annual Revenue: $35.3 Billion

Reyes Holdings, LLC is a privately held, family-owned business headquartered in Rosemont, Illinois. Founded in 1976 by brothers Chris Reyes and Jude Reyes, the company is one of the largest beer distributors in the United States. The company has over 30,000 employees and operates in the United States, Europe and Asia. Reyes Holdings, LLC is among the world’s most valuable private businesses with annual revenue exceeding $35 billion.

26. H-E-B

Annual Revenue: $38.9 Billion

H-E-B is a regional supermarket chain based in San Antonio, Texas. Founded in 1905 by Florence Butt, the company has grown to become one of the most valuable privately held companies in the world. With over 420 stores in Texas and Mexico, H-E-B is one of the largest grocery store chains in Texas and the United States. The company’s annual revenue is roughly $39 billion.

25. ZF Friedrichshafen AG

Annual Revenue: $41.32 Billion

ZF Friedrichshafen AG is a global automotive and industrial supplier headquartered in Friedrichshafen, Germany. It is among the world’s largest automotive parts suppliers. ZF Friedrichshafen AG produces driveline components, transmissions, chassis components, steering systems, and suspension components for cars, trucks, and other vehicles. It also produces components for industrial, aerospace, and marine applications. ZF Friedrichshafen AG is among the most valuable private companies in the world, with annual revenue crossing $41 billion.

24. Pilot Company

Annual Revenue: $41.9 Billion

Pilot Company is a Tennessee-based convenience store operator. Founded in 1958, Pilot Company has grown to become one of the most valuable privately-held companies in the world, with annual revenue exceeding $40 billion. As of 2023, Pilot Company operates over 800 retail and fueling stores.

23. SPAR

Annual Revenue: $44.45 Billion

SPAR is an international retail chain that was established in the Netherlands in 1932 by Adriaan van Well. Today, the company has over 13,600 stores in 48 countries across four continents. SPAR is known for its convenience stores that offer a wide range of products and services. SPAR is one of the most valuable private companies in the world, with annual revenue of more than $44 billion.

22. Mars, Incorporated

Annual Revenue: $45 Billion

Mars, Incorporated is an American global manufacturer of confectionery, pet food, and other food products founded in 1911 and headquartered in McLean, Virginia. The company is one of the most valuable privately held corporations in the world, producing some of the world’s most recognizable brands, such as M&Ms, Snickers, Skittles, and Pedigree. Mars, Incorporated also owns a number of other brands, including Wrigley, Ben’s Original, and Whiskas.

21. Ernst & Young Global Limited

Annual Revenue: $45.4 Billion

Ernst & Young Global Limited (EY) is a multinational professional services firm headquartered in London, England. It is one of the “Big Four” accounting firms and is also among the largest professional services network in the world by revenue. Ernst & Young Global Limited provides assurance, tax, consulting, and transaction advisory services to clients. Ernst & Young Global Limited is one of the most valuable private companies in the world.

20. Publix Super Markets

Annual Revenue: $48 Billion

Publix Super Markets is an employee-owned, American supermarket chain with over 1,280 stores in the United States. Founded in 1930 by George W. Jenkins, Publix Super Markets is a privately held company and is the largest employee-owned supermarket chain in the United States. The company’s annual revenue borders $50 billion.

19. IKEA

Annual Revenue: $48.13 Billion

IKEA is a leading global home furnishing company that is known for its stylish yet affordable furniture. Founded in Sweden in 1943 by Ingvar Kamprad, IKEA has become an iconic brand and the world’s largest furniture retailer. IKEA offers a wide variety of furniture, home accessories, and kitchenware at reasonable prices. The company has a unique approach to selling its products, which is centered around self-assembly. This allows customers to save money on labor costs and gives them the satisfaction of putting together their own furniture.

18. Liberty Mutual Insurance Group

Annual Revenue: $48.2 Billion

Liberty Mutual Insurance Group is a global leader in providing insurance services. Founded in 1912, Liberty Mutual Insurance Group is one of the largest insurance companies in the United States and one of the most valuable private companies in the world, with annual revenue exceeding $48 billion.

17. PricewaterhouseCoopers

Annual Revenue: $50.29 Billion

PricewaterhouseCoopers (PwC) is one of the world’s leading professional services networks, providing assurance, tax, and consulting services. The company was founded in London in 1854 and has since grown to become one of the world’s largest professional services firms, with offices in over 150 countries and employing over 325,000 people. PricewaterhouseCoopers has a wide array of services and solutions tailored to the needs of business owners and executives, ranging from financial and risk management to technology and human capital.

16. New York Life Insurance Company

Annual Revenue: $51.2 Billion

New York Life Insurance Company is a Fortune 500 mutual life insurance company that is headquartered in New York City. The company was founded in 1845 and is the third-largest life insurer in the United States. As of fiscal 2021, New York Life Insurance Company has $760 billion in assets under management and an annual revenue of $51.2 billion.

15. Nationwide

Annual Revenue: $52.9 Billion

Nationwide is a Columbus-based insurance and financial services company. The company has grown to become one of the largest and most successful insurance companies in the world. Nationwide is recognized as a Fortune 100 company and a leading provider of life insurance, auto insurance, homeowners insurance, business insurance and financial services. Nationwide has its headquarters in Columbus, Ohio, and is one of the largest employers in the city.

14. CMA CGM

Annual Revenue: $56 Billion

CMA CGM is a leading shipping company specializing in container shipping and related services. Founded in 1978, the company is headquartered in Marseille, France, and operates in more than 160 countries worldwide. CMA CGM is one of the most valuable privately held companies in the world, with an annual revenue of $56 billion.

13. Deloitte

Annual Revenue: $59.3 Billion

Accounting giant Deloitte is one of the largest professional services networks in the world. It provides audit, tax, consulting, financial advisory and risk management services to global organizations. Founded in 1845, Deloitte has grown to become a leading professional services provider with more than 415,000 professionals in over 150 countries.

12. ByteDance

Annual Revenue: $61.7 Billion

Chinese internet technology company, ByteDance, is most known for its viral platform TikTok. Founded in 2012, the company has grown to become one of the world’s largest technology companies in the world, by revenue. ByteDance is headquartered in Beijing and has offices around the world, including in the United States, India, and Japan.

Some of the most valuable tech companies in the world include ByteDance, Microsoft Corporation (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL), and Alphabet Inc. (NASDAQ:GOOG).

11. State Farm

Annual Revenue: $82.2 Billion

State Farm is an American insurance and financial services company that is headquartered in Bloomington, Illinois. It is among the largest property and casualty insurers in the United States and is also one of the most valuable private companies in the world. Founded in 1922, State Farm offers a wide range of insurance products, including auto, homeowners, life, health, and business insurance, as well as banking and investment services.

Click to continue reading and see 10 of the World’s Most Valuable Private Companies.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Published on October 6, 2025 at by Inan Dogan, PhD

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

175 Teslas
107 Amazons
140 Metas
84 Googles
65 Microsofts
And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on October 5, 2025 at by Inan Dogan, PhD

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

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Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

The AI infrastructure supercycle
The onshoring boom driven by Trump-era tariffs
A surge in U.S. LNG exports
And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

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By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

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30 of the World’s Most Valuable Private Companies

Published on January 26, 2023 at 9:36 am by Omer Farooq in Lists, News

30 of the World’s Most Valuable Private Companies

30. INEOS Group Limited

29. Massachusetts Mutual Life Insurance Company

28. Cedar Holdings Group

27. Reyes Holdings, LLC

26. H-E-B

25. ZF Friedrichshafen AG

24. Pilot Company

23. SPAR

22. Mars, Incorporated

21. Ernst & Young Global Limited

20. Publix Super Markets

19. IKEA

18. Liberty Mutual Insurance Group

17. PricewaterhouseCoopers

16. New York Life Insurance Company

15. Nationwide

14. CMA CGM

13. Deloitte

12. ByteDance

11. State Farm

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Published on October 6, 2025 at by Inan Dogan, PhD

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on October 5, 2025 at by Inan Dogan, PhD

Here’s why this is a deal you can’t afford to pass up:

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30 of the World’s Most Valuable Private Companies

Published on January 26, 2023 at 9:36 am by Omer Farooq in Lists, News

Share

30 of the World’s Most Valuable Private Companies

30. INEOS Group Limited

29. Massachusetts Mutual Life Insurance Company

28. Cedar Holdings Group

27. Reyes Holdings, LLC

26. H-E-B

25. ZF Friedrichshafen AG

24. Pilot Company

23. SPAR

22. Mars, Incorporated

21. Ernst & Young Global Limited

20. Publix Super Markets

19. IKEA

18. Liberty Mutual Insurance Group

17. PricewaterhouseCoopers

16. New York Life Insurance Company

15. Nationwide

14. CMA CGM

13. Deloitte

12. ByteDance

11. State Farm

Share

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Published on October 6, 2025 at by Inan Dogan, PhD

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Published on October 5, 2025 at by Inan Dogan, PhD

Here’s why this is a deal you can’t afford to pass up: