737 Corporations control the world

internet-libre

Three systems theorists at the Swiss Federal Institute of Technology in Zurich have taken a database listing 37 million companies and investors worldwide and analyzed all 43,060 transnational corporations and share ownerships linking them. They built a model of who owns what and what their revenues are and mapped the whole edifice of economic power.

They discovered that global corporate control has a distinct bow-tie shape, with a dominant core of 147 firms radiating out from the middle. Each of these 147 own interlocking stakes of one another and together they control 40% of the wealth in the network, while a total of 737 corporations control 80% of the world market.

Top 20 corporations who control the world:

1. Barclays plc
2. Capital Group Companies Inc.
3. FMR Corporation
4. AXA
5. State Street Corporation
6. JP Morgan Chase & Co
7. Legal & General Group plc
8. Vanguard Group Inc.
9. UBS AG
10. Merrill Lynch & Co Inc.
11. Wellington Management Co LLP
12. Deutsche Bank AG
13. Franklin Resources Inc.
14. Credit Suisse Group
15. Walton Enterprises LLC
16. Bank of New York Mellon Corp.
17. Natixis
18. Goldman Sachs Group Inc.
19. T Rowe Price Group Inc.
20. Legg Mason Inc.

Source: forbes.com
Marwan Rashid
LFBC Correspondent

SHARE