JPMorgan Chase
Leading Forbes' ranking is US-based bank JPMorgan Chase, with a market capitalization exceeding $603 billion. This financial institution was founded in 2000 as a result of one of the largest banking mergers in history. Today, it plays a vital role not only in the US economy but also in the global financial system, managing more than $4 trillion in assets. This makes it the fifth-largest bank in the world by assets.
Bank of America
The Bank of America, which began operations in the late 1990s, is second on the list. Its market capitalization stands at nearly $324 billion. Today, this financial giant serves a huge number of clients, including more than 68 million consumers and over 3 million small businesses. It is also the sixth-largest bank in the world by assets, which total more than $3.3 trillion.
Industrial and Commercial Bank of China (ICBC)
The Industrial and Commercial Bank of China (ICBC), with a market capitalization exceeding $273 billion, ranks third in Forbes' global ranking. Founded 40 years ago, ICBC now plays a key role in China's economic development and supports its international trade. The institution is actively expanding its operations beyond China, opening branches and offices around the world. Its total assets are valued at over $6.6 trillion, setting an absolute record.
Agricultural Bank of China (ABC)
The Agricultural Bank of China (ABC) ranks fourth on the Forbes list with a market capitalization of $221 billion. Established in 1979, ABC is now the second-largest bank in the world by asset size. Its total assets are valued at more than $5.8 trillion. In addition, this financial institution is regarded as a key player in advancing China's agricultural sector.
Wells Fargo
Wells Fargo closes the top 5 of the Forbes ranking. This American bank has a market capitalization of $205 billion and total assets of $2 trillion. Founded in 1852, this banking giant today serves more than 70 million customers across 35 countries, offering a wide range of financial services, including mortgage lending, equipment leasing, and insurance.
Following his election victory, Donald Trump, a billionaire himself, once again decided to include prominent magnates in his administration, as he did during his first presidential term. As a result, Trump's current cabinet features seven billionaires, making it one of the wealthiest in US history. Let's find out who these billionaires are and the roles they have been assigned.
Not long ago, the United States held a presidential election, where Donald Trump emerged victorious. Today, he is recognized as the wealthiest American leader in the country's history. Let's take a closer look at other former US presidents who also achieved significant financial success.
