Top 10 Highest Grossing Businesses in New Jersey
I never realized how well New Jersey’s businesses do financially when it comes to actual dollars. Several industries are driving substantial economic activity with two of the largest pharmaceutical companies in the top five highest grossing firms in the state. I know many people who either work or have worked at the number one company in the state. They contribute the most to the local New Jersey economy while innovating medical research and development.
A study conducted by OUSC looked at the highest grossing companies in each state, and the highest grossing companies overall throughout the country.
Another high-grossing New Jersey industry is the finance and insurance industry. This includes companies like Prudential Financial and Northwestern Mutual Life Insurance Company which are both located in New Jersey.
Then there’s the technology and telecommunications companies who also have a big presence in our state with companies such as Verizon Communications.
Many of the companies on the following list also benefit from New Jersey’s proximity to New York.
Highest Grossing in New Jersey
At number ten on this list is Linde in Bridgewater, New Jersey. It’s an industrial gas and engineering company founded in 1907 and now grosses $32,850,000,000.
Ranking slightly above Linde is Northwestern Mutual Life Insurance Company in Annandale, New Jersey, with $36,000,000,000 in revenue.
The eighth company in New Jersey is PBF Energy in Parsippany with $38,300,000,000.
Novartis Oncology lands just ahead, the 28-year-old company is located in East Hanover and pulls in $45,500,000,000 annually.
Sixth is Bayer in Whippany, New Jersey. It was founded in 1958 and grossed $51,750,000,000 last year.
The top five starts with Prudential Financial up in Newark. They’re nearly a hundred and fifty years old with a yearly gross of $53,979,000,000.
Merck in Rahway has been based here since 1891 and has a gross revenue of $60,100,000,000.
The third highest grossing business in New Jersey is Medco Health Solutions. Medco is one of the youngest companies on the list and is based in Franklin Lakes, New Jersey. Gross revenue is estimated to be $70,000,000,000.
Number two is iQuanti, Inc. Located in Jersey City, they also grossed about $70,000,000,000 with Marketing being their focus.
Right here in New Brunswick is Johnson and Johnson, I’ve known several people throughout the years who have worked there. They gross more than any other company in the state with a whopping $85,159,000,000 in annual revenue.
Top Grossing Companies in the Country
As you may have guessed, Walmart is at the top of this list at $648,125,000,000 in revenue. Walmart is followed by Amazon and Apple respectively.
Check out the full list and more information here.