Cargill Loses Title of Largest Private Company in U.S.

source: StarTribune

Koch Industries has supplanted Cargill Inc. as the largest private company in the U.S. for the first time in 13 years, reports theStarTribune.

It’s only the third time in Forbes’ 35-year history of ranking U.S. private companies that Minnetonka, MN-based Cargill wasn’t the largest.

Forbes ranks companies by their annual sales and the gap between Koch and Cargill is relatively narrow — just $400 million.

Koch Industries, a Wichita, KS-based conglomerate with interests in energy, chemicals and many other industries, had an estimated revenue of $115 billion in 2019, representing a 4.5% growth over the previous year. Cargill reported fiscal year 2020 revenue of $114.6 billion, an increase of $1.1 billion over the year prior.

Read the full reporthere.