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Multinational companies have revolutionised the world by creating cutting-edge products that have had a significant influence on the global market.
The highest capitalisation level and widespread knowledge of their services are indications of their superior efficacy, which has enabled these companies to thrive and grow over time.
A company’s valuation will reveal how wealthy it is when it comes to active stock prices on the market.
Many categories may determine the worth of a firm. Using a metric known as market capitalisation, also known as market cap, we can calculate the monetary worth of these multinational companies.
If you’re new to investing, market capitalization refers to the total price paid by investors or stockholders for all of the company’s shares that have already been issued.
The figures mentioned in this ranking are in US dollars.
Below are the ten richest companies in the world base on market capitalisation.
Industry: Pharmaceuticals
Products: Baby care products, Drugs, and Medical equipment
The well-known American multinational firm Johnson & Johnson, also known by its initials J&J and noted for its high-quality goods and services, creates medicines, consumer packaged goods, and medical equipment.
Johnson & Johnson, which was established in 1886 and is renowned for its superior performance, is one of the biggest businesses in the world.
The business is well-known for selling respected medical supplies including first aid, Neutrogena skincare and cosmetics, Clean & Clear face cleanser, and Acuvue contact lenses.
According to the market cap, it is among the richest corporations in the world.
Industry: Healthcare
Services: Healthcare Services and Insurance
The largest healthcare organisation in terms of revenue as well as the biggest insurer in terms of net premiums is UnitedHealth Group, a healthcare and insurance firm.
The UnitedHealth Group is ranked 11th among the top 500 companies in the world by the 2022 Fortune Global 500.
The company, one of the richest firms in the world, had a market valuation of over $400 billion in 2022 before it increased to its present level.
Industry: Insurance, Finances, Media, Railway transport, food, and non-food products
Products: Property and casualty insurance, Diversified Investments
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 are legendary investor Warren Buffett, who is referred to as "The Oracle of Omaha" for his approach to investing.
Berkshire Hathaway is one of the richest firms in the world, with a market worth of more than 600 billion dollars.
Industry: Retail business, E-Commerce, Artificial Intelligence.Products: Software, Kindle, FireTV, Echo
With a market worth of 868.57 billion USD, the American multinational tech corporation Amazon.com, Inc. is the seventh richest company in the world. Jeff Bezos started the company 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.
Industry: Internet, Software services
Products: Operating System, Search Engine, Mobile Phone
Alphabet is the parent organisation of Google, whose search engine dominates the global market.
The company offers a wide range of online and technological services.
A wide range of hardware products, such as Fitbit, Google Nest, and the Pixel phone line, also bring in money for the company.
With a market capitalisation of $1.14 trillion, Alphabet is also one of the richest companies in the world.
It was established in 1998 by Stanford University students Larry Page and Sergey Brin.
Industry: Software Development, Information technology, Consumer electronics
Products: Windows Operating System, Microsoft Office, Xbox, Search engine
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 company.
Microsoft, with its headquarters in Redmond, Washington, generated $143 billion in sales in 2022 and employed 166,475 people.
Industry: Electronics, Information Technology
Product: Mobile, iPod, Personal computers, and tablets
With a market capitalisation of USD 2.01 trillion, Apple Inc. is one of the richest companies in the world and specialises in consumer goods, software, and online services.
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.
The corporation has about 147,000 workers and more than 516 retail locations across the world.
Industry: Internet
Products: Social networking, instant messaging, mass media, web portals
With a market worth of $3.3 trillion, Tencent is a Chinese technology corporation that also operates as a venture capital 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 significantly 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.
Tencent Music employs 85,800 workers and boasts 700 million active users.
Industry: Oil and gas production, refining.
Products: Crude Oil, Natural Gas, and petrochemical derivatives.
According to market capitalisation and revenue, Saudi Aramco, formally known as the Saudi Arabian Oil Company, is one of the biggest companies in the world.
Saudi Arabia, along with 12 other nations, is a member of OPEC and contributes 44% of the world's oil output.
In addition to many other nations, Aramco has subsidiaries in China, Japan, Russia, the UAE, the USA, and Great Britain.
Around 66,800 people work for Aramco across the globe, and Saudi Arabian owns 98.5% of the business.
Industry: Semiconductors
Services: Manufacture of Integrated circuits and related services
Multinational semiconductor manufacturer Taiwan Semiconductor Manufacturing Company, Limited (TSMC) is situated in Taiwan.
Its semiconductors are used in a wide range of other goods, including digital TVs, game consoles, industrial equipment, wired and wireless communication systems, PCs, peripherals, and information applications.
Numerous large corporations, such as AMD, Marvell, Nvidia, Apple, and others, rely on TSMC for their semiconductor requirements.
With a market worth of 11.89 trillion USD, TSMC, which was founded by Morris Chang in 1987, is the richest corporation in the whole world.
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