Finance professionals use a variety of criteria to determine a company’s value, and one particularly well-liked metric is market capitalization or current value in stock market lingo. The top 10 wealthiest firms in the world’s listed market are the subject of this article.
In case you’re unfamiliar with the investment world, the market cap is calculated by dividing the company’s current market price by the number of outstanding shares it has issued. The numbers listed below are expressed in US dollars.
The Top 10 Wealthiest Companies Worldwide as of 2022
With a fresh market cap of $ 2.294 trillion, Cupertino-based Apple Inc. is the most valuable corporation in the entire globe. As of 2021, Apple was the most lucrative brand, with $275 billion in sales. Three tech gurus, Steve Wozniak, Ronald Wayne, and Steve Jobs, started it in the year 1976.
Apple started off in the personal computer market, which later developed enormously as a result of its enormous success when it entered the mobile phone market.
Apple Inc., which began with laptops and iPhones, has since expanded into a variety of items, including accessories, smartwatches, iPod tablets, televisions, and more.
With a market cap of $2.206 trillion, Saudi Aramco (Saudi Arabian Oil Company), which went public in 2019, is the second-largest company in the world. With 270 billion barrels of proven crude oil reserves, Aramco, which the Saudi government owns, is regarded as the second-largest enterprise in the world.
Along with 12 other nations, Saudi Arabia is a member of the Organization of the Petroleum Exporting Countries (OPEC), which accounts for 44% of the world’s oil production.
Saudi Aramco, headquartered in Dahran, was established in 1933 and raised a record $25.6 billion in its IPO. In 2020, the corporation reported $230 billion in revenue. In addition to several other nations, Aramco has subsidiaries in China, Japan, Russia, the UAE, the USA, and Great Britain.
Microsoft, which was established in 1975 by Bill Gates and Paul Allen, dominates the global market for personal computer software. The Microsoft operating system Windows was a smashing hit that brought in astronomical earnings for the business.
Microsoft, with its headquarters in Redmond, Washington, generated $143 billion in revenue and employs 166,475 people.
Google LLC and a number of other subsidiary firms are owned by the American multinational Alphabet Inc.
With a market worth of $1.524 trillion, Alphabet is the fourth-largest corporation in the world. Larry Page and Sergey Brin launched it in 1998 while they were Stanford University students.
With a market share of 91.9% as of 2022, California-based Google Inc. is the unchallenged global leader in the search engine industry. In 2021, Alphabet had $182.5 billion in sales and had around 135,000 employees across the globe.
With a market worth of $1.158 trillion, American multinational tech corporation Amazon.com, Inc. is the world’s fifth largest. The richest man in the world, Jeff Bezos, created Amazon in his garage in 1994.
Before expanding to sell nearly everything needed in today’s society, including video games, apparel, furniture, shoes, computers, and consumer electronics, Amazon was originally founded as an online marketplace corporation that sold books.
Amazon became the greatest Internet firm in the world by revenue in 2021 after posting its highest-ever revenue of $469 billion. It has a record 1,608,000 employees working for it worldwide.
The largest maker of electric vehicles worldwide is an American business called Tesla. The corporation has a 756.87 billion USD market valuation.
The business also manufactures solar panels, roof tiles, and batteries to supply green energy. By 2020, all internal combustion vehicles will be electric, thanks to the formation of ZETA (Zero Emission Transport Association) by Tesla and 27 other businesses.
Palo-Alto-based Martin Eberhard and Marc Tarpenning established Tesla Inc. in 2003. Elon Musk, the company’s current CEO, is the public face and a significant stakeholder with a 22% interest in Tesla. Tesla produced the Roadster, its first automobile model, in 2009. Tesla employs 70,700 people.
Johnson & Johnson
With a revenue of $91.44 billion as of 2021, Johnson & Johnson (J&J) is an American pharmaceutical corporation that produces medications, vaccines, medical equipment, and infant care items.
Robert Wood Johnson I, James Wood Johnson, and Edward Mead Johnson created it in 1886. J&J has 250 subsidiary companies and operates in 60 different nations.
United Health Group
With a $476.32 billion market valuation, UnitedHealth Group (UHG) is a healthcare and insurance provider based in the US. UHG provided insurance and healthcare services and was founded in 1977.
In terms of net premiums collected, it is the largest insurance company in the world, with $287 billion in revenue as of 2021. As of 2021, the Minnesota-based healthcare company employed 330,000 people.
With a $473.22 billion market valuation, Tencent is a Chinese tech corporation operating as a venture firm and an investment holding.
Tencent Holdings is a sizably large firm that engages in several different industries besides gaming, including mobile gaming, music, web portals, e-commerce, and Online services.
Tencent, the first Asian tech company to achieve the $500 billion market valuation in 2018, was established in 1998 by five members: Pony Ma, Zhang Zhidong, Xu Chenye, Chen Yidan, and Zeng Liqing. As of 2021, the company’s revenue exceeded $80 billion, and its headquarters are in Shenzhen’s Nanshan District. There are 700 million users of Tencent Music today.
With a market worth of $457.80 billion, California-based Meta Platforms Inc., the parent organization of social media behemoth Facebook, is ranked seventh in the world. It is the most widely used social networking platform worldwide.
Facebook was created by Mark Zuckerberg in 2004 and has recently purchased several social media startups, including Instagram, WhatsApp, and Oculus.
Since its founding, Facebook, often known as FB, has earned the highest-ever sales of $117.92 billion in 2021. As of 2021, Facebook had 2.91 billion active monthly users. Around the world, 71,970 associates work for it.