Finance professionals use several criteria to determine the value of a firm, and one such popular indicator is based on market capitalization, also known as a “market cap” in stock market lingo. In this article, we’ll see the top 20 richest companies in the world based on their net worth.
The Top 20 Richest Companies In The World
#1. Apple Inc. ($2.752 trillion)
Apple Inc, based in Cupertino, California, is at the top of the richest and most valuable companies in the world, with a market capitalization of $ 2.752 trillion. With sales of $275 billion in 2021, Apple is the most successful brand. It was founded in 1976 by three tech geniuses: Steve Wozniak, Ronald Wayne, and Steve Jobs.
Apple began in the personal computer segment, which grew exponentially after its huge success with its entry into the mobile phone segment. It began with laptops and iPhones and has since expanded into a wide range of products such as smartwatches, iPod tablets, televisions, accessories, and so on.
Apple will be the world’s first publicly-traded company to reach a market capitalization of $2 trillion by 2020. It presently has over 516 retail locations worldwide and employs almost 147,000 people.
#2. Microsoft ($2.211 Trillion)
With a market capitalization of $2.211 trillion, Microsoft is the world’s second-largest firm.
Microsoft, founded in 1975 by Bill Gates and Paul Allen, is a global leader in the personal computer software business. The Microsoft Windows operating system was a smashing success, generating enormous earnings for the corporation.
Microsoft, located in Redmond, Washington, earned $143 billion in 2016 and employs 166,475 people.
#3. Saudi Aramco ($1.987 Trillion)
Saudi Aramco (Saudi Arabian Oil Company) went public in 2019 and is now the world’s third-largest company, with a market capitalization of 1.987 trillion dollars. Aramco is the world’s second-largest enterprise, with 270 billion barrels of crude oil reserves.
Saudi Arabia, along with 12 other countries, is a member of the Organization of Petroleum Exporting Countries (OPEC), which accounts for 44 percent of global oil production.
Situated in Dahran, Saudi Aramco was founded in 1933 and raised a record $25.6 billion in its initial public offering (IPO). In 2020, the company’s revenue was $230 billion. Aramco has subsidiaries in China, Japan, Russia, the United Arab Emirates, the United States, the United Kingdom, and many more nations. The Saudi government owns 98.5 percent of the firm.
#4. Alphabet ($1.773 trillion)
Alphabet Inc is an American multinational corporation that owns Google LLC and several other subsidiaries.
It is the world’s fourth-largest corporation, with a market capitalization of $1.773 trillion. It was created in 1998 by Larry Page and Sergey Brin while they were students at Stanford University.
Google Inc, situated in California, is the undisputed global leader in the search engine industry, with a market share of 91.9 percent as of 2022. In 2021, Alphabet earned $182.5 billion in sales and employs almost 135,000 people worldwide.
#5. Amazon ($1.56 trillion)
Amazon.com, Inc., an American global technology business, is the world’s fifth-largest, with a market capitalization of $1.56 trillion. In 1994, Jeff Bezos, the world’s richest person, launched Amazon in his garage.
Amazon began as an online marketplace corporation that sold books and then evolved to sell practically everything needed in today’s world on its internet portal, including video games, apparel, furniture, shoes, computers, and consumer electronics.
Amazon earned $469 billion in revenue in 2021, making it the world’s largest Internet corporation by revenue. It employs a record 1,608,000 people worldwide.
#6. Tesla ($872.9 billion)
Tesla is an American automobile and energy firm that also happens to be the world’s largest manufacturer of electric vehicles. The corporation has a market capitalization of $872.9 billion.
To supply green energy, the company also manufactures solar panels, solar roof tiles, and batteries. In the year 2020, Tesla and 27 other firms will create ZETA (Zero Emission Transport Association (ZETA) to transition all internal combustion vehicles to electric.
Palo-Alto-based Martin Eberhard and Marc Tarpenning created Tesla Inc in 2003. However, current CEO Elon Musk is the company’s face and a key stakeholder, owning a 22 percent interest in Tesla. Tesla released its first automotive model, the Roadster, in 2009. Tesla employs 70,700 people and operates 598 retail locations throughout the world.
#7. Berkshire Hathaway ($713.46 billion)
Insurance, finance, media, railway transportation, food, and non-food items are all industries.
Property and casualty insurance, as well as Diversified Investments, are available.
Berkshire Hathaway is a US-based American conglomerate holding company with significant stakes in numerous businesses. It began as a textile manufacturing company in 1839, when it was created 182 years ago.
Berkshire Hathaway, situated in Omaha, Nebraska, has a market capitalization of $713.46 billion and sales of $346.04 billion as of 2021. The corporation currently employs 360,000 people. The company’s share price is approaching $450,000 per share, making it the world’s most expensive stock in absolute terms.
#8. Meta Platforms (Facebook) ($627.69 Billion
Meta Platforms Inc, the parent company of social media behemoth Facebook, is situated in California and has a market capitalization of $627.69 billion. It is the most popular social networking platform on the planet.Since its inception in 2004 by Mark Zuckerberg, Facebook has purchased numerous social media firms, including Instagram, WhatsApp, and Oculus.
Since its founding, Facebook, often known as FB, has generated the greatest ever sales of $117.92 billion in 2021. It has 71,970 employees worldwide. As of 2021, Facebook had approximately 2.91 billion monthly active users.
#9. Taiwan Semiconductor ($627.55 Billion)
Taiwan Semiconductor Manufacturing Company, Limited (TSMC) is a multinational semiconductor manufacturer situated in Taiwan.
It is Taiwan’s largest corporation, with headquarters at Hsinchu Science Park. TSMC, the world’s most valuable semiconductor business, has a market capitalization of $627.55 billion.
Morris Chang created TSMC in 1987, and it is currently owned by international investors. In 2021, the corporation expects to generate $51.44 billion in revenue and employ 56,800 people worldwide.
#10. NVIDIA ($596.8 billion)
Nvidia is a $16.68 billion American corporation based in California that designs graphics processing units (GPUs) and application programming interfaces (APIs). It was created in 1993 and expects to employ 18,100 people by 2020.
#11. Tencent Holdings ($586.13 billion)
Tencent, with a market capitalization of $586 billion, is a Chinese conglomerate tech firm that is also a venture company and an investment holding.
It is a massive corporation that operates not just in the gaming business but also in a variety of other industries such as mobile games, music, web portals, e-commerce, and Internet services.
Tencent, founded in 1998 by Pony Ma, Zhang Zhidong, Xu Cheney, Chen Yidan, and Zeng Liqing, is the first Asian internet company to achieve the $500 billion market worth in 2018. As of 2021, the corporation had more than $80 billion in revenue and was headquartered in Shenzhen’s Nanshan District. Tencent Music employs 85,800 workers and has 700 million active users.
#12. Visa ($486.57 billion)
Visa Inc is a California-based financial services firm with $24.1 billion in sales as of 2021. Through its ubiquitous Visa-branded credit cards, debit cards, and prepaid cards, Visa paves the path for electronic financial transactions all over the world.
Visa Inc. provides a platform for financial institutions to deliver payment products such as credit, debit, and prepaid cards to their consumers. Visa processes 150 million transactions per day.
#13. JP Morgan Chase ($453.15 billion)
JP Morgan Chase is one of the oldest banks in the United States, providing commercial and investment banking services. Founded in 1871 by famed banker J.P. Morgan, the company is a financial behemoth with total assets of $3.38 trillion, employing 255,000 people globally.
JP Morgan is the largest bank in the United States and the fourth-largest bank in the world, with $119 billion in revenue as of 2020.
#14. United Health Group ($450.32 billion)
UnitedHealth Group (UHG) is a $450.32 billion healthcare and insurance firm based in the United States. UHG was founded in 1977 and provides health care services as well as insurance.
With a revenue of $287 billion in 2021, it is the world’s largest insurance company in terms of net premium collected. As of 2021, the Minnesota-based healthcare conglomerate employs 330,000 people.
#15. Johnson & Johnson ($441.51 billion)
Johnson & Johnson (J&J) is an American pharmaceutical business that manufactures medical equipment, pharmaceuticals, vaccines, and baby care items. Its revenue is expected to be $91.44 billion in 2021.
Robert Wood Johnson I, James Wood Johnson, and Edward Mead Johnson formed it in 1886. J&J has 250 subsidiary firms and operates in 60 countries.
#16. Samsung ($425.22 billion)
Samsung is a global electronics corporation headquartered in Seoul, South Korea, and the world’s largest manufacturer of mobile phones. It also manufactures batteries, IC chips, hard disks, image sensors, cameras, and other electronic components, and has a sales network in 74 countries. Samsung has 290,000 employees.
Samsung was founded in 1969 and is a fertilizer and sweetener specialist. In 2020, the corporation expects to generate $200 billion in revenue.
#17. Bank of America ($387.08 billion)
The Bank of America Corporation, also known as BofA or BoA, is an American global investment bank and financial services holding company headquartered in Charlotte, North Carolina, with a market capitalization of $387.08 billion.
It is the country’s largest bank holding company, with $2.19 trillion in assets. BofA is the second-largest bank in the United States and the world’s eighth-largest bank. The bank employs more than 200,000 people.
#18. LVMH ($384.25 billion)
Louis Vuitton Mot Hennessy, or LVMH, is a luxury goods corporation established in France with a revenue of 53.7 billion Euros. It was formed in 1987 by Alain Chevalier and Henry Racamie and oversees prominent brands such as Christian Dior, Givenchy, Marc Jacobs, Stella McCartney, Loro, Celine, Fenty, and others.
LVMH, headquartered in Paris, is France’s largest enterprise, employing around 83,000 people.
#19. Walmart ($375.38 billion)
Walmart Inc is a $559 billion retailing behemoth based in the United States that operates hypermarkets and supermarket stores. In the year 1962, Sam Walton created Walmart.
As of 2021, it operated 10,526 retail outlets in 24 countries. It is one of the world’s largest employers, employing about 2.2 million people worldwide.
#20. Procter & Gamble ($374.63 billion)
Procter & Gamble is an American multinational fast-moving consumer goods corporation located in Ohio with 76.12 billion dollars in revenue as of 2021. As of 2022, the corporation has a market capitalization of 374.63 billion dollars.
William Procter and James Gamble formed Procter & Gamble in 1937. The corporation employs 101,000 employees worldwide.
Richest Companies In The World By Net Worth
Below is a list of the richest countries in the world by net worth
- Apple ($2192 billion)
- Google ($1549 billion)
- Amazon ($1245 billion).
- Berkshire Hathaway ($694 billion).
- Facebook ($538 billion)
- Samsung ($500 billion)
- JOHNSON & JOHNSON ($435 billion)
- Procter & Gamble (P&G) ($392 billion)
- Pfizer ($303 billion)
- The Coca-Cola Company ($286 billion)
In Conclusion,
By market cap, Apple emerges at the top of the richest companies in the world, followed by Microsoft. By net worth, Apple also emerges at the top of the richest companies in the world, this time, followed by Google.
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