But guess what, there's an even bigger and more important company.
In 2012, Wal-Mart registered approximately $444 billion in sales, which is $20 billion more than Austria's GDP. If Walmart were a country, it would be the 26th largest economy in the world. Walmart has more employees worldwide — 2.2 million — than the population of Houston. The mega-retailer employs 1.4 million people in the U.S. alone. f Wal-Mart was an army, it would have the second largest military in the world, behind China. Wal-Mart is bigger than Home Depot, Kroger, Target, Sears, Costco, and K-Mart combined. The average family of four spends over $4,000 a year at Walmart. One of every four dollars Americans spend on groceries is spent at Walmart. Each week, Walmart serves more than 200 million customers at more than 10,400 stores in 27 countries. In 2010, CEO Michael Duke's annual salary of $35 million earned him more in an hour than a full-time employee makes in an entire year. The Walton family has given away about 2 percent of its net worth to charity — Bill Gates is giving away 48 percent of his net worth and Warren Buffet 78 percent of his net worth. An additional Walmart Supercenter per 100,000 residents increases the obesity rate by 2.4 percent. Roughly 4,700 (about 90 percent) of international stores operate under a banner other than Walmart, including Walmex in Mexico, Asda in the UK, Seiyu in Japan, and Best Price in India. Dividends and stock buybacks last fiscal year $11.3 billion. The Walton family has some $93 billion in wealth, just under 0.14% of all US wealth, more than bottom 30% of Americans (49 million)
The total number of people employed in the U.S. at Wal-Mart Stores Inc. and McDonald’s and Yum Brands restaurants exceeds the entire 2.7 million population of Chicago. Net income at those three companies has jumped by at least 22 percent from four years ago. Shareholders, not employees, have reaped the rewards. At the same time, companies have formed an effort to freeze the minimum wage, whose purchasing power is 20 percent less than in 1968. Minimum-wage earners have less power to demand higher pay because so many adults are willing to take low-wage positions.
25% of Americans (or bottom 75 million) don’t have any net wealth at all. Their debts are higher than their assets.
The 1.2 million households whose incomes put them in the top 1 percent of the U.S. saw their earnings increase 5.5 percent last year, according to census estimates. Earnings fell 1.7 percent for the 97 million households in the bottom 80 percent -- those who made less than $101,583.