Financial professionals use a variety of criteria to determine a company’s value, and one particularly well-liked metric is market capitalization or market cap 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 world of investing, 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.
Let’s now briefly review the top 10 wealthiest corporations in the world as of June 2022.
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Top 10 Richest Companies in the World as of 2022
The majority of the firms on the list are American, although there are also ones from Saudi Arabia, China, Taiwan, and South Korea.
1. Apple Inc – 2.294 Trillion USD
Industry:
Technology Information and Electronics
Product:
Tablets, smartphones, iPods, and computers
The most valuable corporation in the world is Apple Inc., an American computer company with headquarters in Cupertino with a record market worth of $ 2.294 trillion. Apple is the most lucrative brand, with $275 billion in revenue as of 2021. Three IT gurus, Steve Wozniak, Ronald Wayne, and Steve Jobs, created it in 1976.
Apple started in the personal computer market, which subsequently developed enormously as a result of its enormous success when it entered the mobile phone market. From its beginnings with laptops and iPhones, Apple Inc. has expanded into a variety of devices, including smartwatches, iPod tablets, televisions, and accessories, among others.
In 2020, Apple will become the first globally traded business to have a market valuation of $2 trillion. It has more than 516 retail locations throughout the world and employs close to 147,000 people.
2. Saudi Aramco – 2.206 Trillion USD
Industry:
Oil and gas production, refining.
Products:
Crude Oil, Natural Gas, and petrochemical derivatives.
With a market valuation of $2.206 trillion, Saudi Aramco (Saudi Arabian Oil Corporation), which went public in 2019, is the second-largest business in the world. With 270 billion barrels of proven crude oil reserves, Aramco, which the Saudi government controls, is regarded as the second-largest enterprise in the world.
Saudi Arabia, along with 12 other nations, is a member of OPEC and contributes 44% of the world’s oil output.
Dahran-based Saudi Aramco was established in 1933 and recently completed an initial public offering (IPO) that raised a record $25.6 billion. In 2020, the corporation reported $230 billion in sales. In addition to several other nations, Aramco has subsidiaries in China, Japan, Russia, the UAE, the USA, and Great Britain. Over 66,800 people work for Aramco around the globe, and the Saudi Arabian government owns 98.5% of the business.
3. Microsoft – 1.979 Trillion USD
Industry:
Software Development, Information technology, Consumer electronics.
Products:
Windows Operating System, Microsoft Office, Xbox, Search engine.
Microsoft has a market valuation of $1.979 trillion, making it the third-largest firm in the world.
Microsoft, a global leader in personal computer software, was established in 1975 by Bill Gates and Paul Allen. The Microsoft Windows operating system was a smashing hit that brought in astronomical earnings for the business.
Microsoft, with its headquarters in Redmond, Washington, generated $143 billion in sales and employs 166,475 people.
4. Alphabet – 1.524 Trillion USD
Industry:
Internet, Software services.
Products:
Operating System, Search Engine, Mobile Phone
Google LLC and numerous 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. It was established in 1998 while Larry Page and Sergey Brin were Stanford University students.
Google Inc., situated in California, has an indisputable market share of 91.9% of the global search engine market as of 2022. In 2021, Alphabet had a $182.5 billion revenue and almost 135,000 workers throughout the globe.
5. Amazon – 1.158 Trillion USD
Industry:
Retail business, E-Commerce, Artificial Intelligence.
Products:
Software, Kindle, FireTV, Echo
With a market worth of $1.158 trillion, American multinational tech corporation Amazon.com, Inc. is the fifth-largest in the world. The richest man in the world, Jeff Bezos, started Amazon in his garage in 1994.
Before expanding to offer 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 most profitable Internet firm in the world in 2021 after posting its highest-ever sales of $469 billion. It has a record 1,608,000 workers working for it worldwide.
6. Tesla – 756.87 Billion USD
Industry:
Automobiles, Energy
Products:
Cars, Trucks, Solar roofs, Battery, etc
The biggest maker of electric vehicles worldwide is an American business called Tesla. The corporation has a 756.87 billion USD market valuation.
To supply green energy, the business also manufactures solar panels, solar roof tiles, and batteries. To transition all internal combustion cars to electric, Tesla established ZETA (Zero Emission Transport Association) with 27 other businesses in the year 2020.
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 has 598 retail locations throughout the World
7. Berkshire Hathaway – 615.41 Billion USD
Industry:
Insurance, Finances, Media, Railway transport, food, and non-food products
Products:
Property and casualty insurance, Diversified Investments
world and employs 70,700 people.
A US-based holding corporation for American conglomerates, Berkshire Hathaway has large stakes in several businesses. When Berkshire Hathaway was established in the year 1839, 182 years ago, it was initially a business that produced textiles.
The company’s chairman and CEO is legendary investor Warren Buffett, who is referred to as “The Oracle of Omaha” for his approach to investing.
As of 2021, Berkshire Hathaway, situated in Omaha, Nebraska, has a market value of $615.41 billion and $346.04 billion in sales. The business currently employs 360,000 people. The company’s stock, which is quoted for north of $450,000 a share, is the most expensive in the whole world.
8. Johnson & Johnson – 479.51 Billion USD
Industry:
Pharmaceuticals
Products:
Baby care products, Drugs, and Medical equipment
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 the year 1886. J&J has 250 subsidiary firms and operates in 60 different nations.
9. United Health Group – 476.32 Billion USD
Industry:
Healthcare
Services:
Healthcare Services and Insurance
With a $476.32 billion market valuation, UnitedHealth Group (UHG) is a healthcare and insurance provider located in the US. Incorporated in 1977, UHG provided insurance and healthcare services.
In terms of net premiums collected, it is the largest insurance business in the world, with $287 billion in revenue as of 2021. As of 2021, the Minnesota-based healthcare company employed 330,000 people.
10. Tencent Holdings – 473.22 Billion USD
Industry:
Internet
Products:
Social networking, instant messaging, mass media, web portals
With a $473.22 billion market valuation, Tencent is a Chinese tech corporation that also operates as a venture firm and an investment holding.
In the gaming sector and other markets where it competes, such as mobile gaming, music, online portals, e-commerce, and Internet services, Tencent Holdings is a sizably large firm.
Tencent, the first Asian tech firm to achieve a $500 billion market valuation in 2018, was established in the year 1998 by five members: Pony Ma, Zhang Zhidong, Xu Chenye, Chen Yidan, and Zeng Liqing. The company’s headquarters are in Shenzhen’s Nanshan District, and as of 2021, it had more than $80 billion in annual sales. Tencent Music employs 85,800 workers and boasts 700 million active users.