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Taking the top spot on list is Apple, with a market cap of $2.8 trillion, and Microsoft in second place, with a valuation of $2.2 trillion, the ranking shows. Meta now trails Chinese tech giant Tencent in the 10th spot and chip giant Taiwan Semiconductor Manufacturing Company (TSMC) in the ninth spot. Since then, Meta’s share price has extended losses, losing another 13% to date. This has sent the company tumbling down the list of the world’s most valuable companies by market cap. Despite challenges brought on by the pandemic, ongoing war and unpredictable markets, the world’s largest public companies managed to boost sales and profits in the last year. This company has been in operation for over thirteen decades in the United States.

  • CEO Tim Cook told CNBC’s Josh Lipton the revenue shortfall is estimated at $6 billion, but he expects worse supply chain issues in the December quarter.
  • Morgan in the year 1871, JP Morgan is a banking behemoth with total assets of $3.38 Trillion, providing employment to 255,000 people worldwide.
  • Whether you are a business professional, investor, or simply interested in learning more about the global economy, this list will surely provide valuable insights and information.
  • Minnesota-based healthcare major has an employee base of 330,000 as of 2021.
  • Apple also operates internet sales portals for music, films and software.

MTN, which topped the elite list as of June 2023, has since dropped to the second position, trailing behind cement-producing company, Dangote Cement. The largest company in the world by revenue is currently the Saudi Arabian Oil Company (also known as Saudi Aramco), a state-owned oil and gas company based in Saudi Arabia. Apple was the first company to reach a $1 trillion and $2 trillion market cap. It became tokenexus crypto exchange the world’s most valuable publicly traded company when it surpassed state oil giant Saudi Aramco in market cap last year. As a group, the companies on the 2022 Global 2000 account for $47.6 trillion in revenues, $5.0 trillion in profits, $233.7 trillion in assets and $76.5 trillion in market cap. The United States has the most with 590 companies, followed by China/Hong Kong (351) and Japan (196).

#186 Mizuho Financial

Sales of iPhones at the company were up 47% year over year but also fell short of analyst expectations. The company’s fourth quarter only included a few days of iPhone 13 sales. Apple reported on Thursday that revenue missed Wall Street expectations in the company’s fiscal fourth quarter, a result of supply chain constraints.

  • It has more than 516 retail stores worldwide and employs nearly 147,000 employees.
  • The Minnesota-headquartered healthcare insurance company has a market cap of $453.6bn, making revenues of $285.2bn and profits of $17.3bn in 2021.
  • TSMC was founded in the year 1987 by Morris Chang, and it is presently owned by foreign investors.
  • It manages exploration for crude oil, natural gas and natural gas liquids as well as the extraction of these resources and the conversion of natural gas into liquid fuels and related products.

The holding company with varying diversified offerings around the financial services sector now accounts for 3% of the entire Nigerian stock market. Nairametrics highlights the most valuable listed companies on the Nigerian exchange based on their market capitalization as of the end of September 2023. Walmart Inc. is a multinational retail company with headquarters located in Bentonville, Arkansas. It is one of the world’s largest retailers, with a presence in over 27 countries and more than 11,500 stores worldwide. NVIDIA Corp. (NVDA) is a technology company specializing in designing and manufacturing graphics processing units (GPUs) and other related products.

Industrial & Commercial Bank of China (ICBC) Market Cap: 301.91B

It is a company that was established by Warren Buffet and Charles Munger. Royal Dutch Shell PLC is involved in the oil industry and in the production of natural gas. The company engages in Integrated Gas both upstream, downstream and corporate. It manages exploration review capital in the twenty first century for crude oil, natural gas and natural gas liquids as well as the extraction of these resources and the conversion of natural gas into liquid fuels and related products. Oil and gas company PetroChina is engaged in oil exploration, development, production, and sales.

This makes Apple the world’s most valuable company by market cap according to our data. The market capitalization, commonly called market cap, is the total market value of a publicly traded company’s outstanding shares and is commonly used to measure how much a company is worth. This makes Tesla the world’s 8th most valuable company by market cap according to our data. UnitedHealth Group Inc. (UHG) is a multinational healthcare company based in Minnetonka, Minnesota. It is one of the largest healthcare companies in the world, with a diverse range of business interests, including health insurance, healthcare services, and technology solutions. The company serves individuals, families, and businesses through its various subsidiaries, including UnitedHealthcare and Optum.

#148 Visa

Alphabet is the parent company for Google and many other successful businesses. Some of their specialties include internet products and they also have interests in the life sciences, in longevity and a variety of businesses which are not related to these industries. Based in the Netherlands, Royal Dutch Shell explores, produces, and refines petroleum through its subsidiary companies. In addition to operating gas stations around the world, Shell produces and sells fuels, lubricants, and other chemicals. The company also makes solar panels, solar roof tiles, and batteries to provide green energy. Tesla, along with 27 other companies, formed ZETA (Zero Emission Transport Association (ZETA) in the year 2020 to move all internal combustion vehicles to electric.

Microsoft, which is headquartered in Redmond, Washington, achieved revenue of  $143 billion and has 166,475 employees on its payroll. Founded in 1975 by Bill Gates and Paul Allen, zulutrade forex broker review Microsoft is a world leader in the personal computer software market. The Microsoft Windows operating system was a runaway success that generated huge profits for the company.

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The greenest country turns out to be Norway, selling 80,000 EVs per year, which is equal to 148 EVs per 10,000 people. It is followed by Sweden which has 41 electric vehicles per 10,000 people. In contrast, England has a mere 11 EVs per 10,000 people, which places it far away from the top. The world’s biggest companies by revenue represent relatively new, faster-growth industries and mature, slower-growth ones ranging from e-commerce and tech devices to oil and retailing.

The banking giant now has a market cap of $361.6bn and made $59.6bn from revenues of $121.7bn last year. With a market cap of $1.94tn, Microsoft is now the third most valuable company after recording revenues of $161bn and net income of $60.6bn in 2021, with Windows and Xbox continuing to go strong. It is the world’s largest insurance company in terms of net premium collected, with revenue of $287 billion as of 2021. Minnesota-based healthcare major has an employee base of 330,000 as of 2021. Alphabet is the world’s fourth-largest company with a market cap of $1.524 trillion; founded by Larry Page and Sergey Brin in 1998 while studying at Stanford University.

The company generated revenue of more than $80 billion as of 2021, and it is headquartered in the Nanshan District of Shenzhen. Tencent Music has 700 million active users, and it employs 85,800 people. Compared to the previous quarter, the market capitalization increased 49.4% from N2.44 trillion recorded as of the end of June 2023. Meanwhile, the company accounted for 8% of the total equities market capitalization.

Tencent Holdings is a multinational conglomerate holding company based in Shenzhen, China. It is one of the world’s largest and most diversified technology companies, with a range of business interests, including internet services, artificial intelligence, and digital content. Johnson & Johnson (JNJ) is a multinational healthcare company based in New Brunswick, New Jersey. It was founded in 1886 and is one of the world’s largest and most diverse healthcare companies, with a range of business interests including pharmaceuticals, medical devices, and consumer products. It is headquartered in Hsinchu, Taiwan, and is the world’s largest dedicated independent semiconductor foundry.

#1 Berkshire Hathaway

The US pharmaceutical and consumer products leader has a value of $450.8bn after making revenues of $93.8bn and profits of $22.8bn last year. Facebook and Instagram parent Meta lags behind its tech rivals with a valuation of $488.3bn, with shares falling precipitously earlier this year when it announced user numbers had declined for the first time ever. The company brought in income of $46.8bn from revenues of $117.8bn in 2021. Louis Vuitton Moët Hennessy, popularly known as LVMH, is a France-based luxury goods company with a revenue of 53.7 billion Euros. It was founded by Alain Chevalier & Henry Racamie in the year 1987 and managed prestigious brands like Christian Dior, Givenchy, Marc Jacobs, Stella McCartney, Loro, Celine, Fenty, etc.