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Industry News

Fannie Mae 8th largest company in world

September 9, 2002

Forbes names 'Global 500,' Freddie and Berkshire also make the cut

Inman News Features

Fannie Mae, Freddie Mac and Berkshire Hathaway each made an appearance on Forbes' recently released annual global 500 list, which ranks the world's largest publicly traded companies based on their sales, profits, assets and market value.

Fannie Mae ranked number eight. The company, which has its "hand in the financing of one out every five U.S. home mortgages," according to Forbes, last year earned more than $50 billion in revenues and had nearly $800 billion in assets.

Freddie Mac ranked number 24. The company, "Uncle Sam's nephew (who) buys mortgages and resells them securities," according to Forbes, last year earned more than $36 billion in revenues and had more the $600 billion in assets.

Berkshire Hathaway/insurance ranked number 55. The company last year earned more than $37 billion in revenue and had $34 million in assets, according to Forbes.

Copyright: Inman News Service

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