A business, also known as a firm or enterprise, is by definition an organisation which is involved in selling services, goods, or both, to the public. Capitalist economies rely heavily on businesses, where the majority of them are privately owned. As well as being privately funded, a business may also be state owned or not for profit.
A business which is owned by more than one individual may be a partnership or company. The term "business" may also refer to a trading sector, e.g. "the retail business". The largest companies worldwide in terms of revenue of 2015 are:
1. Walmart.
2. Sinopec Group.
3. Total.
4. China National Petroleum Corps.
5. Royal Dutch Shell.
6. Exxon Mobil.
7. Saudi Aramco.
8. BP.
9. State Grid Corps of China.
10. Samsung.
The world's most successful business leaders include household names like Warren Buffet. Known was the "Oracle of Omaha", Buffet is not only one of the most respected, but also one of the richest leaders in the business world. By the age of just 11 years, Buffet had already begun investing. By 13, he'd opened up his first small business. In 2008, Buffet was named by Forbes as the wealthiest man in the world. His net worth was estimated in the region of $44 billion in 2012.
Sir Richard Branson, KBE, is arguably the United Kingdom's most successful businessman. Born on 18th July 1950, Branson is the founder of the Virgin Group, an umbrella organisation which owns over 400 subsidiary companies worldwide today. Richard Branson's net worth in 2015 was estimated at some $5 billion. His companies cover the media, music, holidays and travel amongst numerous other business sectors. Branson's Virgin Galactic programme is a pioneer in the field of space tourism. The Virgin Fuels company was set up by Branson in response to global warming to provide a cheaper alternative to diesel and petroleum.
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