Top 5 Richest Tobacco Companies in the World!

Philip morris Inc. - top 5 richest tobacco companies
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In this article we are going to explore the top 5 richest tobacco companies in the world. More than 6.6 million tonnes of tobacco is produced each year of which India and China accounts for more than 50% of total production. The value of global market of tobacco was estimated to be over 932 billion dollars in 2020. The global tobacco market is projected to grow at the rate of 1.8% till 2028.

There are millions of people consuming cigarettes daily and since it is addictive the companies get the loyal customers. Many people are getting rid of cigarettes because of the knowledge of its side effects. While many people ignore the long term effects of cigarette making excuses such as life is too short or nobody lives forever! Since millions of people seek alternative the cigarette companies become innovative and produce alternatives such as menthol, clove and other flavored cigarettes.

Let’s start our epic top 5 list of richest tobacco companies in the world! The top players in cigarette business are

5. Japan Tobacco International JTI

With the total revenue of 22.1 billion dollars, Japan Tobacco International are the fifth among top 5 richest tobacco companies in the world. And with the net income of 3.5 billion dollars they are fourth in terms of income among the tobacco companies.

It was founded in 1st June 1949 as Japan Tobacco and Salt Public Corporation by Government of Japan. The Japanese multinational tobacco company has its headquarter in Toranomon, Minato, Tokyo, Japan. Its product are served worldwide. Mitsuomi Koizumi is the current CEO of Japan Tobacco International. Its products include cigarettes, cigars and other tobacco products. It has given employment to 48,529 people.

4. British American Tobacco

British American Tobacco - second richest tobacco company

With the total revenue of 52.4 billion dollars, British American Tobacco are the fourth among top 5 richest tobacco companies in the world. And with the net income of 8.03 billion dollars they are second in terms of income among the tobacco companies in the world.

The British multinational tobacco company has its headquarter in London, England, UK. It was founded by James Buchanan Duke in 1902 about 119 years ago. Its product are served worldwide and is a public limited company. Jack Bowles is the current CEO of British American Tobacco. Its products include cigarettes, cigars and nicotine pouches. It has given employment to 55,000 people.

3. Imperial Brands

With the total revenue of 52.4 billion dollars, Imperial brands are the third among top 5 richest tobacco companies in the world. And with the net income of 2.06 billion dollars they are fifth in terms of income among the tobacco companies. It was founded in 1901, 120 years ago. The British multinational tobacco company has its headquarter in Bristol, England, UK. Its product are served worldwide. Stefan Bomhard is the current CEO of Imperial Brands. Its products include cigarettes, cigars, fine-cut rolling tobacco, snuff, rolling papers and tubes. It has given employment to 32,100 people.

With 51 industries worldwide, over 320 billion cigarettes are sold in more than 160 countries. The most famous brands of Imperial Brands include Davidoff, Golden Virginia which is the highest selling hand rolling tobacco, Drum which is the second largest selling fine cut tobacco in the world and Rizia which is the best selling rolling paper in the world.

2. Philip Morris Inc.

Philip morris Inc. - top 5 richest tobacco companies

With the total revenue of 79.82 billion dollars and net income of 7.91 billion US dollars Philip Morris International are the second richest cigarette manufacturing company in the world. It was founded in 1847 by Philip Morris. The Swiss-American multinational tobacco company has its headquarter in Lausanne, Switzerland. Its product are served worldwide except the United States. Jacek Olczak is the current CEO of Philip Morris Inc. Its products include cigarettes, cigars, codentify, fine-cut rolling tobacco, snuff, rolling papers and tubes. It has given employment to 77,400 people.

1. China National Tobacco Corporation

China national tobacco corporationa - Richest tobacco company

With the total revenue of 108 billion dollars and net income of 26.9 billion dollars, China National Tobacco Corporation is the richest tobacco company in the world. It is the largest cigarette producer in the world which produced a total of 2,589.08 pieces of cigarette as of 2015. This company holds around 45% of the global market of cigarette. It has its headquarter in Beijing and has given employment to more than 510,000 employees. 99% of its products are sold in domestic market and only 1% are sold internationally.

China Tobacco covers 90% of the Chinese tobacco market. It is a Chinese state owned company which contracts the tobacco farmers and then sells by collecting them from the farmers after processing and packaging. With the possession of over 900 tobacco and cigarette related brands, they make over 4% of their sales from their famous brand Hongtashen alone. Currently they own 130 cigarette factories in China which was around 180 a decade earlier as they are increasing their efficiency and effectiveness.

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About the Author: Saroj Paudel

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