There are different metrics used by finance experts to know the value of a company and one such popular parameter is based on the market capitalization which is commonly referred to as market cap in stock market parlance. This article is about the top 20 richest companies in the world in the listed market.
In case you happen to be new in the world of investing, the market cap is arrived at by multiplying the current market price of the company with outstanding shares issued by the company. The figures mentioned below are in US Dollars.
So let us now quickly have a look at the top 20 richest companies in the world as of January 2022.
Top 20 Richest Companies in the World
The list is dominated by American-based companies while we also have companies from Saudi Arabia, China, Taiwan, South Korea.
1. Apple Inc – 2.4 Trillion USD
Industry: Electronics, Information Technology
Product: Mobile, iPod, Personal computers, and tablets
Apple Inc, a Cupertino-based American tech company is the most valuable company in the world with a record market cap of $ 2.4 Trillion. Apple is the most successful brand with a revenue of $275 billion dollars as of 2020. It has been founded in the year 1976 by three tech wizards – Steve Wozniak, Ronald Wayne, and Steve Jobs.
Apple was initially engaged in the segment of the personal computer which later grew exponentially after its huge success with its entry into the mobile phone segment. Apple Inc which started with Laptops and iPhones has now diversified into a wide range of products like Smartwatch, iPod tablets, Television, Accessories, etc.
Apple is the first publicly traded company in the world to achieve a 2 Trillion market cap in 2020. It has now more than 512 retail stores worldwide and employs nearly 147,000 employees.
2. Microsoft – 2.14 Trillion USD
Industry: Software Development, Information technology, Consumer electronics.
Products: Windows Operating System, Microsoft Office, Xbox, Search engine.
Microsoft is the second-largest company in the world with a market cap of $2.14 Trillion.
Founded in the year 1975 by Bill Gates and Paul Allen, Microsoft is a world leader in the field of the personal computer software market. The Microsoft Windows operating system was a runaway success that generated huge profits for the company.
Microsoft, which is headquartered in Redmond, Washington achieved revenue of $143 billion and has 166,475 employees on its payroll.
3. Saudi Aramco – 1.86 Trillion USD
Industry: Oil and gas production, refining.
Products: Crude Oil, Natural Gas, and petrochemical derivatives.
Saudi Aramco (Saudi Arabian Oil Company) went public barely two years back in 2019 and it is the world’s third-largest company with a market cap of 1.86 Trillion dollars. Aramco which is owned by the Saudi government is considered to be the world’s second-largest company with crude oil reserves of 270 billion barrels.
Saudi Arabia is part of the Organization of the Petroleum Exporting (OPEC) countries along with 12 other countries which contribute 44% of global oil production.
Dahran based Saudi Aramco which raised a record $25.6 billion dollars in its initial public offer (IPO) was founded in the year 1933. The company recorded revenue of $230 billion in 2020. Aramco has subsidiaries in China, Japan, Russia, UAE, USA, Great Britain, and many other countries. Aramco employs around 66,800 employees worldwide and 98.5% of the company stake is held by the Saudi Arabian government.
4. Alphabet – 1.8 Trillion USD
Industry: Internet, Software services.
Products: Operating System, Search Engine, Mobile Phone
Alphabet Inc, an American multinational company is the parent company of Google LLC and several other subsidiary companies.
Alphabet is the world’s fourth-largest company with a market cap of $1.8 trillion, founded by Larry Page and Sergey Brin in 1998 when they were studying at Stanford University.
California-based Google inc is the undisputed leader in the search engine segment worldwide with a market share of 92.47% as of June 2021. Alphabet made revenue of $182 billion in 2020 and employs close to 135,000 employees worldwide.
5. Amazon – 1.68 Trillion USD
Industry: Retail business, E-Commerce, Artificial Intelligence.
Products: Software, Kindle, FireTV, Echo
Amazon.com, Inc, an American multinational tech company is the fourth-largest in the world with a market cap of $1.68 Trillion. Jeff Bezos who happens to be the world’s richest person founded Amazon in his garage in 1994.
Amazon initially started as an online marketplace company that used to sell books and later expanded to sell almost everything required in today’s world like Video games, Apparel, Furniture, Shoes, Computers, Consumer electronics on its online portal.
Amazon recorded the highest ever revenue of $386 billion in 2020 making it the world’s largest Internet company by revenue. It employs record 1,298,000 employees across the globe.
6. Facebook – 992 Billion USD
Services: Facebook portal, Messenger
California-based Facebook Inc is the fifth-largest company in the world with a market cap of $992 billion. It is the world’s most popular social networking site.
Founded by Mark Zuckerberg in the year 2004, Facebook has acquired many social media companies like Instagram, WhatsApp, Oculus in the recent past.
Facebook which is popularly known as FB has recorded the highest ever sales of $86 billion in 2020 since its inception. It employs 60,600 associates worldwide. FB has approximately 2.85 billion monthly active users as of 2021.
7. Tesla – 703 Billion USD
Industry: Automobiles, Energy
Products: Cars, Trucks, Solar roofs, Battery, etc
Tesla is an American automotive and energy company that is also the world’s largest electric vehicle manufacturer. The company commands a market cap of 703 billion dollars.
The company also makes solar panels, solar roof tiles, and batteries to provide green energy. Tesla along with 27 other companies have formed ZETA (Zero Emission Transport Association (ZETA) in the year 2020 to move all internal combustion vehicles to electric.
Palo-Alto-based Tesla Inc was founded by Martin Eberhard and Mark Tarpenning in 2003. However present CEO Elon Musk is the face of the company and a major shareholder with a 22% stake in Tesla. In the year 2009, Tesla produced its debut car model, the Roadster. Tesla has 70,700 employees and 598 retail stores spread across different parts of the world.
8. Berkshire Hathaway – 636 Billion USD
Industry: Insurance, Finances, Media, Railway transport, food, and non-food products
Products: Property and casualty insurance, Diversified Investments
Berkshire Hathaway is a US-based American conglomerate holding company that has significant holdings in many companies. Berkshire Hathaway initially started as a textile manufacturing company when it was founded 182 years ago in the year 1839.
Legendary investor Warren Buffett is chairman and CEO of the company and is popularly known as “The Oracle of Omaha” for his investment philosophy.
Omaha, Nebraska-based Berkshire Hathaway has a market cap of $ 636 Billion with revenue of $245 billion as of 2020. The company has 360,000 active employees. The share price of the company is quoting northwards of $400,000 per share and it is the world’s most expensive stock in absolute terms.
9. Taiwan Semiconductor – 606 Billion USD
Services: Manufacture of Integrated circuits and related services
Taiwan Semiconductor Manufacturing Company, Limited (TSMC) is Taiwan based multinational company that manufactures semiconductors.
It is Taiwans’ largest company located in Hsinchu Science Park in Hsinchu. TSMC which is the world’s most valuable company in the semiconductor segment has a market cap of $606 billion.
TSMC was founded in the year 1987 by Morris Chang and it is presently owned by foreign investors. The company achieved sales of $47.95 billion in 2020 and has a 56,800 strong workforce across the globe.
10. Tencent holdings – 592 Billion USD
Products: Social networking, instant messaging, mass media, web portals
Tencent is a Chinese conglomerate tech company which is also a venture company and an investment holding with a market cap of $592 billion.
Tencent Holdings is a significantly large company not only in the gaming industry but also in various other segments where it operates like mobile games, music, web portals, e-commerce, Internet services.
Founded in the year 1998 by five members – Pony Ma, Zhang Zhidong, Xu Chenye, Chen Yidan, and Zeng Liqing, Tencent is the first Asian tech company to surpass the $500 billion market cap in 2018. The company generated revenue of $73.5 billion as of 2020 and it is headquartered in Nanshan District of Shenzhen. Tencent Music has 700 million active users and it employs 85,800 people.
11. Alibaba – 541 Billion USD
Products: E-commerce, online money transfers, mobile commerce
Alibaba group holding limited is a Chinese tech company that caters to the e-commerce, retail, and Internet industry. Alibaba was founded by Jack ma in the year 1999 and it recorded $109.4 billion in 2020.
Jack Ma is one of the richest businessmen in the Asian continent with a net worth of $51 billion. Alibaba has a diverse portfolio of companies that operate in different market segments across the world.
12. Visa – 527 Billion USD
Industry: Financial Services
Visa Inc is a California-based financial services company with a revenue of $21.85 billion as of 2020. Visa clears the way for funds transfers done by electronic means across the world, through its popular Visa-branded credit cards, debit cards, and prepaid cards.
Visa Inc provides a platform for financial institutions with payment products that can be used to offer credit, debit, prepaid cards to their customers. Visa does a whopping 150 million transactions in a day.
13. NVIDIA – 514 Billion USD
Industry: Semiconductors, Artificial intelligence, Video games
Products: Processor, GPU
Nvidia is a California-based American company that designs graphics processing units (GPUs) and application programming interface (API) with sales of $10.9 billion. Nvidia was founded in 1993 and employs 18,100 people as of 2020.
14. Samsung – 479 Billion USD
Industry: Electronics, Financial Services, Construction, Retail
Products: Mobile Phone, Flash memory, etc
Samsung is Seoul, South Korea-based multinational electronics company which is the world’s largest mobile phone manufacturing company. It also makes batteries, IC chips, hard disks, Image sensors, cameras, etc, and has a sales network in 74 countries. Samsung employs 290,000 associates.
Samsung was founded in the year 1969 which specialized in fertilizers and sweeteners. The company recorded revenue of $200 billion in 2020.
15. Johnson & Johnson – 457 Billion USD
Products: Baby care products, Drugs, and Medical equipment
Johnson & Johnson (J&J) is an American pharma company that makes medical devices, drugs, vaccines, and baby care products with a revenue of $82.5 billion as of 2020.
It was founded in the year 1886 by Robert Wood Johnson I, James Wood Johnson & Edward Mead Johnson. J&J operates in 60 different countries and has 250 subsidiary companies.
16. JP Morgan Chase – 456 Billion USD
Services: Investment Banking, Credit cards, Retail banking, and Corporate Banking
JP Morgan chase is one of the oldest banks in the history of the US which offers commercial and investment banking services. Founded by legendary banker J.P. 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.
JP Morgan is the largest bank in the US and the fourth-largest bank in the world with a revenue of $119 billion as of 2020.
17. LVMH – 416 Billion USD
Industry: Luxury Goods
Products: Clothing, cosmetics, fashion accessories, jewelry, perfumes, watches, etc
Louis Vuitton Moët Hennessy which is popularly known as LVMH is 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 which manages prestigious brands like Christian Dior, Givenchy, Marc Jacobs, Stella McCartney, Loro, Celine, Fenty, etc.
Paris-based LVMH is the largest company in France which employs approximately 83,000 people.
18. Walmart – 407 Billion USD
Services: Department stores, Hypermarkets
Walmart Inc is a US-based retail giant that operates hypermarkets, grocery stores with a revenue of $559 billion. Walmart was founded by Sam Walton in the year 1962.
As of 2021, it has 10,526 retail stores operating in 24 different countries. It is one of the world’s largest employers providing employment to 2.2 million workers across the globe.
19. United Health Group – 387 Billion USD
Services: Healthcare services and Insurance
UnitedHealth Group (UHG) is US-based healthcare and insurance company with a market cap of $387 billion. UHG was incorporated in the year 1977 which offers health care services and insurance.
It is the world’s largest insurance company in terms of net premium collected with revenue of $257 billion. Minnesota-based healthcare major has an employee base of 330,000 as of 2020.
20. Master Card – 367 Billion USD
Industry: Financial Services
Mastercard Inc is another financial services giant from America, headquartered in New York with a revenue of 15.3 billion dollars. Like its rival partner Visa Inc, Master card also clears the way for funds transfers done by electronic means across the world, through its popular Master-Card branded credit cards, debit cards, and prepaid cards.
Mastercard which was a cooperative company before it went public in the year 2006 was formed by an alliance of several regional bankcard associations. The company employs 21,000 people across the globe.