Market capitalization (or “market cap” for short) is a popular indicator used by financial experts to determine a company’s worth in the stock market. The 10 wealthiest publicly traded firms in the world are discussed here.
In case you’re just getting started in the financial markets, market capitalization is just the current stock price multiplied by the number of outstanding shares. All dollar amounts below are given in US dollars.
Here are the World’s top 10 Wealthiest Corporations as of 2022.
There are primarily American businesses on the list, but we also include Saudi Arabian, Chinese, Taiwanese, and South Korean establishments.
1: Apple, Inc.
- Dollars 2,294,000,000,000
- Business sector: IT and electronics
- Product: Smartphones, iPods, PCs, and Tablets
American electronics giant Apple Inc., headquartered in Cupertino, has a market worth of a staggering $ 2.294 trillion, making it the most valuable corporation in the world. Apple is the most profitable company in the world by a wide margin, bringing in $275 billion in 2021.
In 1976, computer gurus Steve Wozniak, Ronald Wayne, and Steve Jobs created the company. Apple started out in the personal computer market, but its rapid expansion into the mobile phone market was a game-changer for the company.
Apple Inc. has expanded from its original focus on personal computers and mobile phones to include other categories of consumer electronics such as smartwatches, iPod tablets, televisions, accessories, and more.
In 2020, Apple’s market capitalization will surpass $2 trillion, making it the first publicly traded firm in history to do so. It has more than 516 outlets all over the world and employs close to 147,000 people.
2: The Saudi Arabian Oil Company
- In the sum of $2,206,000,000.00 USD
- Manufacturing: Oil and gas extraction and processing.
- Products: Petroleum and natural gas, as well as chemical byproducts.
Only two years after becoming public in 2019, Saudi Aramco (Saudi Arabian Oil Company) is the second largest company in the world by market capitalization, at $2.206 trillion. Aramco, owned by the Saudi government, has 270 billion barrels of crude oil reserves, making it the world’s second-largest enterprise.
The Organisation of the Petroleum Exporting Countries (OPEC) includes Saudi Arabia and 12 other countries that together produce 44% of the world’s oil. Dahran-based Established in 1933, Saudi Aramco is well known for its massive $25.6 billion initial public offering (IPO). In 2020, the corporation earned $230 billion in sales.
The United Arab Emirates, the United States of America, Great Britain, China, Japan, and a number of other nations all host Aramco branches. Approximately 66,800 people work for Aramco across the globe, and the Saudi Arabian government owns 98.5% of the corporation.
- Amounting to $1,979,000,000,000,000 in the US Dollar
- Sector: Consumer electronics, Information Technology, and Software Development.
- Items: Windows PCs, Microsoft Office suites, Xbox video game consoles, and Bing web search tools.
With a market worth of $1.979 trillion, Microsoft is the third largest company in the world. Bill Gates and Paul Allen started Microsoft in 1975, and now it dominates the PC software industry.
Microsoft’s Windows operating system skyrocketed to success and brought in massive profits. Microsoft, with headquarters in Redmond, Washington, had $143 billion in revenue and employed 166,475 people in 2015.
- US$1.524 Trillion
- Internet and software service providers.
- System software, web browser, and mobile phone are all examples of products.
The American conglomerate Alphabet Inc. owns Google LLC and a number of other businesses. Alphabet was established in 1998 by Larry Page and Sergey Brin, then Stanford University students, and has since grown to become the world’s fourth-largest company with a market worth of $1.524 trillion.
As of 2022, Google Inc. of Mountain View, California will have a 91.9% global market share in the search engine industry. In 2021, Alphabet had close to 135,000 employees across the globe and reported revenues of $182.5 billion.
- 182 USD Trillion
- Commerce, namely online shopping and the use of AI in retail.
- Downloadable Content, Kindle, Fire TV, and the Echo
With a market valuation of $1.158 Trillion, American tech giant Amazon.com, Inc. ranks fifth globally. Jeff Bezos, currently the wealthiest person in the world, started Amazon out of his garage in 1994.
Amazon.com, which began as an online bookstore, now offers a wide variety of other products as well, including video games, clothing, furniture, shoes, computers, and consumer electronics.
With 2021’s record-breaking $469 billion in sales, Amazon surpassed all other Internet companies in terms of revenue. It has a staggering global workforce of 1,608,000 people.
- Dollars: $756.87 Billion
- Automotive and Energy Sectors
- Vehicles, batteries, solar panels, and other products
Tesla Motors, headquartered in California, is a multinational automobile, energy, and consumer electronics corporation. There are currently 756.87 billion dollars worth of stock in the company’s market.
In addition to producing batteries, solar panels, and solar roof tiles, this firm also produces green energy solar panels. To achieve their goal of replacing all internal combustion vehicles with electric vehicles by the year 2020, Tesla and 27 other firms founded ZETA (Zero Emission Transport Association).
Palo-Alto-based In 2003, Martin Eberhard and Marc Tarpenning established Tesla Inc. Elon Musk, Tesla’s current CEO, is also the company’s public face and a key stakeholder (22%). Tesla’s first vehicle, the Roadster, was released in 2009. There are currently 70,700 people working for Tesla in over 300 locations worldwide.
7: Corporation Berkshire Hathaway
- US$615.41 Billion
- Food and non-food goods, as well as the insurance and financial sectors, as well as the media and rail transit.
- Insurance for buildings and vehicles, as well as other investment options
Berkshire Hathaway is a large American holding corporation that has investments in a wide variety of other businesses. When it was founded 182 years ago, in 1839, Berkshire Hathaway was primarily a textile manufacturing concern.
Warren Buffett, the legendary investor who is also the chairman and CEO of the corporation and is often referred to as “The Oracle of Omaha” for his investment strategies, is a household name.
Berkshire Hathaway, headquartered in Omaha, Nebraska, has a market valuation of $615.41 billion and $346.04 billion in sales in 2021. The corporation currently employs 360,000. The company’s stock price is above $450,000 per share, making it the most expensive stock in the world.
8: “Johnson & Johnson”
- Dollars: $479.51 Billion
- Sector: Drug Manufacturing
- Products: Pharmaceuticals, medical devices, and infant care items
As of 2021, Johnson & Johnson (J&J), an American pharmaceutical business, has annual sales of $91.44 billion from the sale of its many medical devices, pharmaceuticals, vaccines, and baby care items. Robert Wood Johnson I, James Wood Johnson, and Edward Mead Johnson established it in 1886. With 250 subsidiaries, J&J is able to conduct business in 60 countries.
9: United Health Group
- US$476.32 Billion
- Healthcare Sector
- Health Care and Insurance Services
With a market worth of $476.32 billion, UnitedHealth Group (UHG) is a healthcare and insurance giant established in the United States. UHG began providing medical treatment and insurance to the public as early as 1977.
With $287 billion in revenue in 2021, it will have surpassed all other insurance companies as the world’s largest in terms of net premium collected. As of the year 2021, the Minnesota-based healthcare behemoth employs a staggering 330,000 people.
10: Tencent Investments
- An Estimated $473.22 Billion in US Dollars
- The Internet Sector
- Services: Online communities, chat rooms, news sites, and video sharing sites
With a market worth of $473.22 billion, Tencent is a Chinese tech corporation that also operates as a venture firm and investment holding. Tencent Holdings is a multinational conglomerate that engages in a wide range of industries, including but not limited to video games, mobile games, music, web portals, e-commerce, and Internet services, among others.
In 2018, Tencent became the first Asian technology company to achieve a $500 billion market valuation; it was founded in 1998 by Pony Ma, Zhang Zhidong, Xu Chenye, Chen Yidan, and Zeng Liqing.
As of 2021, the firm’s Nanshan District of Shenzhen headquarters has earned more than $80 billion in sales. Tencent Music has 85,800 employees and 700 million monthly active users.