A global firm that has various sectors in the digital industry, the General Electric net worth reflects a rich portfolio of staggering products and services.
Created in 1878, General Electric (GE) is a company that focuses on financial and tech services.
Its business strategy revolves around electricity production and utilisation.
Specifically, GE creates, transmits, and distributes this essential commodity.
It does so through its products and services in technology, power generation, business and consumer financing, media, water processing, and even aircraft engines.
Additionally, the conglomerate has eight major sectors that fall under the GE umbrella.
These are Aviation, Appliances & Lighting, GE Capital, Energy Management, Healthcare, Oil & Gas, Power & Water, and Transportation.
General Electric net worth: an evolving portfolio
Headquarted in Boston, Massachusetts, it changed its CEO in June 2017 to John Flannery.
However, Jeff Immelt held the post for 16 years from September 2001.
As a firm with worldwide reach, it services customers in about 180 countries.
Therefore, to manage such an ambitious degree of users, it claims to have 295,000 employees in total.
$GE names @JohnFlannery_GE as next CEO to succeed @JeffImmelt, effective August 1, 2017 https://t.co/u0i6RpScZJ pic.twitter.com/2nYVOUFTLJ
— General Electric (@generalelectric) June 12, 2017
Furthermore, GE has successfully achieved longevity through an innovative spirit that brought it from the 19th century, to present day.
Its 2017 shift in management also focuses on shearing away non-profitable assets, and focusing more on digital.
In statement from its website, GE describes its business strategy:
“GE is building the world by providing capital, expertise and infrastructure for a global economy. GE Capital has provided billions in financing so businesses can build and grow their operations and consumers can build their financial futures.
“We build appliances, lighting, power systems and other products that help millions of homes, offices, factories and retail facilities around the world work better.”
Thus, the General Electric net worth stands at a towering $247.8bn.
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