No, these where the top 10 most profitable businesses in 2017:
- 10 Bank of China Net profits: $24.5 billion
- 9 Agricultural Bank of China Net profits: $27.9 billion
- 8 AT&T Net profits: $29.5 billion
- 7 Verizon Communications Net profits: $30.1 billion
- 6 China Construction Bank Net profits: $35.7 billion
- 5 Samsung Electronics Co Ltd Net profits: $36.6 billion
- 4 Industrial and Commercial Bank of China Net profits: $41.7 billion
- 3 Berkshire Hathaway Inc Net profits: $44.9 billion
- 2 British American Tobacco Net profits: $48.3 billion
- 1 Apple Inc Net profits: $48.4 billion
The reason why these corporations are so wealthy is because of their scale. For instance there are a lot of Chinese banks in the list but that doesn't surprise me since it's the biggest country in the world and those banks almost have a monopoly.
Same goes for Samsung an Apple, almost every person in the world has a smartphone. They sell millions of devices every month.