Cargill’s growth in 2008 — not Koch’s decrease — was responsible in the two reversing positions in the top two spots as America’s largest private companies, according to Forbes.
Forbes’ ranking pushed Cargill to No. 1 in 2008 with total revenue at $110.63 billion, a considerable jump from the Minnesota-based company’s No. 2 standing at $82.49 billion. Meanwhile, Forbes’ most recent report showed Koch’s revenues at $98 billion, an increase of $8 billion over what the magazine reported for the Wichita-based company in 2007.
As of November, Forbes estimated Koch’s employee total at 80,000 — the same total it reported for the company the in November 2007. Cargill showed a slight increase with 152,600 employees in ’08 — 1,800 more than Forbes listed in ’07.