A Minnesota-based company is the largest private company in the United States by more than $20 billion.
There are 223 companies on the 2016 list, which only includes corporations that had an estimated revenue greater than $2 billion at the end of the most recent fiscal year, Forbes explains.
Private companies don't have to reveal how they're doing financially, so Forbes compiles its list using voluntary disclosures, Securities and Exchange Commission filings and estimates from researchers.
Cargill had $120.4 billion in revenue last year and employs 153,000 people, the list says. The No. 2 company – Koch Industries – was well behind Cargill after its revenues dropped 13 percent to $100 billion.
Idaho-based Albertsons came in at No. 3 with $58.7 billion in revenue. Dell and PricewaterhouseCoopers rounded out the top with with $54.9 billion and $35.4 billion in revenue, respectively.
Here are the seven other Minnesota-based corporations on this year's list:
- Minnetonka-based Carlson came in at No. 88 on the list with a revenue of $4.6 billion. That revenue includes the company's Radisson hotel chain, which the Star Tribune says Carlson is looking to sell.
- Mortenson is No. 115 on the list with $3.7 billion in revenue. The construction company built the U.S. Bank Stadium.
- At No. 133 is Bloomington-based Holiday Companies, which had $3.2 billion in revenue.
- Rosen's Diversified, based in Fairmont, is No. 136 on the list. The agriculture group had $3.2 billion in revenue.
- Marshall-based Schwan Food, with its $3 billion in revenue, came in at 154th place.
- Andersen Corporation – a construction company based in Bayport that makes doors and windows – came in at No. 187 with $2.4 billion in revenue.
- At No. 223 is among the 23 newcomers to the list. Taylor Corporation, a media company founded by Glen Taylor, had a revenue of $2 billion.