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Richest Companies in The World

Richest Companies in The World

By daniele

To know the value of a company there are metrics and parameters that have to do with finance are used, one of the parameters that are taken into account is based on the market capitalization. Also to keep in mind is that the market capitalization is achieved by multiplying the current market price of the company by the outstanding shares issued by the company.

Now let’s look at some of the richest companies in the world as of June 2022. Some of the countries seen on this list are Saudi Arabia, China, Taiwan, South Korea, and of course the United States.

Apple Inc

With a market capitalization of 2.294 trillion dollars, Apple Inc is an American technology company based in Cupertino and the richest in the world. This company was founded in 1976 by Steve Wozniak, Ronald Wayne and Steve Jobs.

At the beginning Apple Inc was based on personal computers, after a few years they managed to penetrate the mobile phone market a lot, to later reach more products, such as smart watches, iPod tablets, televisions, accessories, among other products.

Likewise, Apple has 516 retail stores around the world and employs almost 147,000 people.

Industry: Electronics, Information Technology

Product: Mobile, iPod, Personal computers, and tablets

Saudi Aramco

With a market capitalization of 2.206 trillion dollars, Saudi Aramco (Saudi Arabian Oil Company) is one of the richest companies in the world with crude oil reserves of 270 billion barrels, and owned by the Saudi government.

This company contributes 44% of world oil production, founded in 1933 and based in Dahran, which raised a record $25.6 billion in its initial public offering (IPO); likewise, it has 66,800 employees worldwide.

Industry: Oil and gas production, refining.

Products: Crude Oil, Natural Gas, and petrochemical derivatives.

Microsoft 

It has a market capitalization of 1979 billion dollars, and was founded in 1975 by Bill Gates and Paul Allen. The Microsoft company is a world leader in the software market for personal computers, and its Microsoft Windows operating system has been one of the most successful in the world.

It also has about 166,475 employees and is headquartered in Redmond, Washington, with revenue of $143 billion.

Industry: Software Development, Information technology, Consumer electronics.

Products: Windows Operating System, Microsoft Office, Xbox, Search engine.

Alphabet 

With a market capitalization of $1.524 trillion, it is the parent company of Google LLC and several other subsidiaries. Its headquarters are in California, and it was founded in 1998 by Larry Page and Sergey Brin.

With 135,000 employees worldwide, Alphabet also had revenue of $182.5 billion in 2021, being the leader in the search engine segment worldwide.

Industry: Internet, Software services.

Products: Operating System, Search Engine, Mobile Phone

Amazon 

With a market capitalization of 1.158 trillion dollars, Amazon was founded by Jeff Bezos in 1994. Initially, this company was dedicated to the online market selling books and later expanded to sell all kinds of items, including clothing, technology, furniture etc

It has 1,608,000 employees worldwide and in 2021 it recorded the highest revenue ever with $469 billion.

Industry: Retail business, E-Commerce, Artificial Intelligence.

Products: Software, Kindle, FireTV, Echo

Tesla 

This company has a market capitalization of 756.870 million dollars, being an energy and automotive company and the largest manufacturer of electric vehicles in the world. Founded in 2003 by Martin Eberhard and Marc Tarpenning, its headquarters are in Palo-Alto. Tesla has 70,700 employees and 598 retail stores around the world.

Industry: Automobiles, Energy

Products: Cars, Trucks, Solar roofs, Battery, etc

Berkshire Hathaway

With a market capitalization of $615.41 billion and with revenue of $346.04 billion as of 2021, this company was founded in 1839 initially as a textile manufacturing company. Berkshire Hathaway is now a conglomerate with significant stakes in many companies.

Industry: Insurance, Finances, Media, Railway transport, food, and non-food products

Products: Property and casualty insurance, Diversified Investments

Johnson & Johnson

With a market capitalization of $479.51 billion, this company is an American pharmaceutical company that manufactures medical devices, drugs, vaccines, and baby care products. J&J was founded by Robert Wood Johnson I, James Wood Johnson, and Edward Mead Johnson in 1886 and had revenues of $91.44 billion as of 2021.

Industry: Pharmaceuticals

Products: Baby care products, Drugs, and Medical equipment

UnitedHealth Group

With a market capitalization of $476.32 billion, this is a health care and insurance company headquartered in Minnesota, USA and incorporated in the market in the year 1977. Its employee base as of 2021 is 330,000.

Industry: Healthcare

Services: Healthcare Services and Insurance

Tencent Holdings

This company has a market capitalization of 473.220 million dollars, being a Chinese conglomerate of technology that is also a venture company. It was founded by Pony Ma, Zhang Zhidong, Xu Chenye, Chen Yidan and Zeng Liqing in 1998 and is headquartered in Nanshan, Shenzhen.

Tencent is the first Asian tech company to surpass the $500 billion market capitalization in 2018 and has around 85,800 employees.

Industry: Internet

Products: Social networking, instant messaging, mass media, web portals

Meta Platforms (Facebook)

It has a market capitalization of 457.8 billion dollars and was founded by Mark Zuckerberg in 2004. It is the parent company of the social networking giant Facebook and has acquired other social networking companies such as Instagram, WhatsApp and Oculus.

It has around 71,970 associates worldwide and approximately 2.91 billion monthly active users as of 2021 and recording the highest ever sales of $117.92 billion in this same year.

Industry: Internet

Services: Facebook portal, Messenger

Taiwan Semiconductor

This company has a market capitalization of 425.920 million dollars, being the most valuable company in the world in the semiconductor segment. It is headquartered in Taiwan and was founded by Morris Chang in 1987. It also has around 56,800 employees worldwide and is known as Taiwan Semiconductor Manufacturing Company, Limited (TSMC).

Industry: Semiconductors

Services: Manufacture of Integrated circuits and related services

Visa 

With a market capitalization of $423.53 billion, this is a California-based financial services company and has its popular Visa-branded credit cards, debit cards, and prepaid cards. It also had revenue of $24.1 billion as of 2021.

Industry:  Financial Services

Services: Payments

NVIDIA 

With a market capitalization of $422.23 billion, this American company designs graphics processing units (GPUs) and application programming interfaces (APIs). Its headquarters are in California, founded in 1993 and with around 18,100 employees as of 2020.

Industry: Semiconductors, Artificial intelligence, Video games

Products: Processor, GPU

Procter & Gamble

This American multinational company has a market capitalization of $343.22 billion. Founded in 1937 by William Procter and James Gamble. It is a fast-moving consumer goods company, which had revenue of $76.12 billion as of 2021. It is headquartered in Ohio and has 101,000 employees worldwide.

Industry: Consumer Goods

Products: Food, Snacks, Beverages

JP Morgan Chase

This is one of the oldest banks in history, with a market capitalization of $340.55 billion. It was founded in 1871 by banker J.P. Morgan, likewise, its total assets are $3.38 trillion, being the largest bank in the US. It obtained revenues of $119 billion as of 2020 and has 255,000 in the world.

Industry: Banking

Services: Investment Banking, Credit cards, Retail banking, and Corporate Banking

Walmart 

With a market capitalization of $339.14 billion, this company is a retail giant that operates hypermarkets and grocery stores. It has 10,526 retail stores operating in 24 different countries and 2.2 million workers worldwide. Founded in 1962 by Sam Walton, its revenue is around $559 billion.

Industry: Retail

Services: Department stores, Hypermarkets

Samsung 

With a market capitalization of 313.15 Billion USD, this is the largest mobile phone manufacturing company in the world, and includes a wide variety of technological items and home appliances. It was founded in the year 1969 and its headquarters is in Seoul, South Korea, likewise, the company had revenues of $200 billion in 2020 and has 290,000 employees.

Industry: Electronics, Financial Services, Construction, Retail

Products: Mobile Phone, Flash memory, etc

LVMH – Louis Vuitton Moët Hennessy

With a market capitalization of $305.25 billion, this France-based luxury goods company was founded in 1987 by Alain Chevalier & Henry Racamie. Likewise, the company manages prestigious brands such as Christian Dior, Givenchy, Marc Jacobs, Stella McCartney, Loro, Celine, Fenty, among other recognized brands. It has around 83,000 employees and has a turnover of 53.7 billion euros.

Industry: Luxury Goods

Products: Clothing, cosmetics, fashion accessories, jewelry, perfumes, watches, etc

Bank of America

This company has a market capitalization of $258.99 billion, an American multinational investment bank and financial services holding company. Its headquarters are in Charlotte, North Carolina and it is the second largest bank in the United States, with an employee number of around 200,000.

Industry: Banking

Products: Retail Banking, Commercial Banking, Investment Banking