The Richest Company in Every State
Having a major company headquartered in your state can have ripple effects on the local economy. Many of these companies invest back into their local communities and also provide jobs for locals and/or may just simply be the staple company of that state.
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GOBankingRates found the richest companies with headquarters in every state in terms of assets by sourcing from Fortune’s list of Top 1,000 Companies of 2023. Five states — Alaska, Montana, New Mexico, Wyoming and West Virginia — did not have a company that ranked on Fortune’s list.
Here’s a look at the richest company in every state.
Alabama
Company name: Regions Financial
Assets: $155.22 billion
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Arizona
Company name: Western Alliance Bancorp.
Assets: $67.73 billion
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Arkansas
Company name: Walmart
Assets: $243.2 billion
California
Company name: Wells Fargo
Assets: $1.88 trillion
Colorado
Company name: Dish Network
Assets: $52.61 billion
Connecticut
Company name: Charter Communications
Assets: $144.52 billion
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Delaware
Company name: Coinbase Global
Assets: $89.73 billion
Washington, DC
Company name: Fannie Mae
Assets: $4.31 trillion
Florida
Company name: NextEra Energy
Assets: $158.94 billion
Georgia
Company name: Intercontinental Exchange
Assets: $194.34 billion
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Hawaii
Company name: Hawaiian Electric Industries
Assets: $16.28 billion
Idaho
Company name: Micron Technology
Assets: $66.28 billion
Illinois
Company name: State Farm Insurance
Assets: $318.24 billion
Indiana
Company name: Elevance Health
Assets: $102.77 billion
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Iowa
Company name: Principal Financial
Assets: $292.24 billion
Kansas
Company name: AMC Entertainment Holdings
Assets: $9.14 billion
Kentucky
Company name: Humana
Assets: $43.06 billion
Louisiana
Company name: Entergy
Assets: $58.6 billion
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Maine
Company name: IDEXX Laboratories
Assets: $2.75 billion
Maryland
Company name: Lockheed Martin
Assets: $52.88 billion
Massachusetts
Company name: Massachusetts Mutual Life
Assets: $318.34 billion
Michigan
Company name: Jackson Financial
Assets: $331.06 billion
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Minnesota
Company name: U.S. Bancorp
Assets: $674.81 billion
Mississippi
Company name: Sanderson Farms
Assets: $2.35 billion
Missouri
Company name: Reinsurance Group of America
Assets: $84.71 billion
Nebraska
Company name: Berkshire Hathaway
Assets: $948.45 billion
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Nevada
Company name: MGM Resorts International
Assets: $45.69 billion
New Hampshire
Company name: Iron Mountain
Assets: $16.14 billion
New Jersey
Company name: Prudential Financial (U.S.)
Assets: $689.92 billion
New York
Company name: JPMorgan Chase
Assets: $3.67 trillion
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North Carolina
Company name: Bank of America
Assets: $3.05 trillion
North Dakota
Company name: MDU Resources Group
Assets: $9.66 billion
Ohio
Company name: Nationwide
Assets: $264.51 billion
Oklahoma
Company name: Williams
Assets: $48.43 billion
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Oregon
Company name: Nike
Assets: $40.32 billion
Pennsylvania
Company name: PNC Financial Services Group
Assets: $557.26 billion
Rhode Island
Company name: CVS Health
Assets: $228.28 billion
South Carolina
Company name: Sonoco Products
Assets: $7.05 billion
South Dakota
Company name: Black Hills
Assets: $9.62 billion
Tennessee
Company name: FedEx
Assets: $85.99 billion
Texas
Company name: Charles Schwab
Assets: $551.77 billion
Utah
Company name: Zions Bancorp.
Assets: $89.55 billion
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Vermont
Company name: NLV Financial
Assets: $41.94 billion
Virginia
Company name: Freddie Mac
Assets: $3.21 trillion
Washington
Company name: Amazon
Assets: $462.68 billion
Wisconsin
Company name: Northwestern Mutual
Assets: $340.39 billion
Methodology: For this study, GOBankingRates found the richest companies with headquarters in every state in terms of assets as sourced from Fortune’s list of Top 1,000 Companies. For each state, the company name, assets, revenue and profits were sourced from Fortune’s Top 1,000 Companies of 2023. The company with the highest assets was found for each state. AK, MT, NM, WY and WV did not have a company headquartered on the Fortune list. All data was collected and is up to date as of March 13, 2024.
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This article originally appeared on GOBankingRates.com: The Richest Company in Every State
