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
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