Skip to main content

8 of the largest private US companies are in MN – including No. 1

  • Author:
  • Updated:
    Original:

A Minnesota-based company is the largest private company in the United States by more than $20 billion.

Cargill Inc. ranked No. 1 on Forbes annual list, marking the 30th time the Wayzata-based global food and agriculture company has taken the top spot in the list's 32-year history.

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.

Next Up

Ken Jeong

Licensed physician Ken Jeong to do standup in MN this September

The licensed physician will take the stage at Treasure Island Resort and Casino on Sept. 30.

Osseo Police Department

Osseo PD says officer did not pursue suspect who caused fatal crash

The crash happened in Brooklyn Park early Sunday morning.

221 Main Street. E. Albert Lea

Suspect arrested after 3 family members stabbed in Albert Lea

The three victims are related, according to police.

wastewater

Evidence that omicron strains BA.4 and BA.5 are in Minnesota

The European CDC has warned of a possible significant summer surge fueled by the omicron subvariants.

driving unsplash - crop

Hastings man charged for driving drunk with 2-year-old in vehicle

Matthew Quade's BAC was almost five times over the legal limit when police pulled him over last week.

police lights

Arrest made after person shot at Hopkins apartment building

Police say this was an isolated incident and that the victim and suspect knew each other.

covid

BA.2.12.1 omicron subvariant quickly becoming dominant in MN

Experts say the subvariant is more transmissible but there is not evidence to suggest it causes more severe disease.

Erin Maye Quade

DFLer who was in labor during endorsement convention to run in primary

Maye Quade gave a speech while in active labor before she ultimately withdrew from the endorsing convention last month to give birth.

valleyfair

Valleyfair opens this weekend, reveals full summer schedule of events

New fare includes walking tacos, hand-scooped ice cream and deep-fried pickles.

Related