Procter and Gamble Net Worth

Procter and Gamble is an American corporation with a net worth of $230 billion. Founded in the late 1830s by William Procter and James Gamble, the company initially sold candles and soap, and saw a surge in profits during the Civil War. Their most famous product, Ivory Soap, cemented their success, and they began a profit-sharing program with their workers. In the early 1900s, they diversified their product line, adding Crisco, Tide, Prell, Charmin, Pampers, and Crest. They have since expanded worldwide, and now manufacture 31 brands that earn more than $1 billion each year. Despite their success, they have had to recall products such as Rely Tampons, and were recently fined for price fixing in Europe.
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