Top 15 Richest Companies in the World 2023 By Market Value

Last Updated on February 6, 2023

Richest Companies in the World

Ever wonder what the most valuable companies in the world do that makes them earn trillions in revenue every year? One of the fascinating things is that firms on the top list represent striking diversity. And this shows that there isn’t a definite money-minting industry but a firm’s ingenious business strategy that pushes them to the top. You will be amazed by how much these big firms make every year, and the fascinating thing is that they survive the harshest economic condition.

So what are the biggest industrial companies and others in other markets?

Top 15 Richest Companies In The World

It is common knowledge that the world’s biggest and most famous companies like Alphabet, Apple, and Microsoft are making trillions every year. However, it would be nice to know how they rank, wealth-wise.

Also, a firm’s popularity doesn’t always mean they are the biggest earner, and you will be amazed at how certain low-key yet profound brands are controlling their respective industries.

The following is a collection of the richest companies in the world ranked by market capitalization (number of shares issued by a firm multiplied by the value of one share).

Saudi Aramco (Saudi Arabian Oil Company) – $2,458 Billion

  • Industry: Oil and gas production and refining.
  • Products: Oil, natural gas, and other petrochemical products.

Saudi Arabian Oil Company (Saudi Aramco) is the biggest company in the world by market cap. It rose to the first slot after issuing shares on the Tadwul stock exchange. As a result, the company’s value rose to nearly 1.9 trillion. Saudi Aramco’s IPO is considered one of the most successful in history.

The Saudi company is a leader in oil production and reserves. Also, it has branches and subsidiaries in China, Japan, Russia, the United Arab Emirates, Great Britain, the USA, and other countries in the world.

Currently, the firm is owned by the Saudi Arabian government and has its main office in Dahran. It has an estimated 270 billion barrels in reserves. The firm’s yearly profits eclipse that of big tech giants like Apple and Google.

Apple Inc. – $2,213 Billion

  • Industry: Information technology and electronics.
  • Products: Mobile phones, personal computers, tablets, audio players, and more.

Apple is a global leader in technology and has pioneered numerous ingenious ideas that revolutionized the smartphone network. As a result, the brand, for a long time, was the most valuable in the world.

However, its declining iPhone sales have seen it lose its primacy. Currently, Apple takes the second slot on the list of the largest companies in the world by market cap.

The multinational technology firm has an estimated value of $2,213 billion. It was founded in 1976 by Steve Jobs and Steve Wozniak and has its head office in Cupertino, California.

Today, Apple has employed thousands, has numerous offices in various countries, and has reliable brand stores. Their products are famous for fantastic quality and stylish design.

Microsoft – $1,653 Billion

  • Industry: Software development and gaming
  • Products: Microsoft Office, Windows, Xbox, and more

Microsoft could easily be the richest company in the world by net worth if it weren’t for Apple and Saudi Aramco’s creative business tactics. The firm has a marketing capitalization of $1,653 billion, a massive amount that directly relates to its dominance in the world’s software and technology industry.

A large portion of the world’s computers has Microsoft products, including their unique operating system, Windows, and the popular Microsoft Office package.

Microsoft was founded in 1975 by Bill Gates, who held the richest man in the world position for a long time. However, he is now surpassed by other wealthy individuals like Jeff Bezos and Tesla founder Elon Musk.

Microsoft has its headquarters in Redmond, Washington, the United States of America. Besides producing software, the firm has its line of well-designed laptops, video and office equipment, and other accessories.

Amazon Inc. – $1,596 Billion

  • Industry: Retail business and Information Technology
  • Products: Tablets, reading gadgets (kindle), streaming services

Since its establishment in 1994, Amazon has grown to become one of the world’s wealthiest companies. The firm employs about 647,000 people and has more than $162 billion in assets. With a turnover of approximately $232 billion every year, Amazon can afford to invest in virtually all lucrative sectors in the economy.

Amazon has a marketing capitalization of $1,596 billion, and its primary business is electronic commerce. The firm provides an excellent platform where internet users, suppliers, and producers sell any goods and services.

Delta Electronics (Thailand) – $1,435 Billion

  • Industry: Electronics and automation
  • Products: Power supplies, industrial and construction automation, electric transport

Delta Electronics is a Thailand firm that provides power and thermal management solutions. The company is involved in three business segments that include power electronics, automation, and infrastructure.

Delta Electronics’ parent firm was founded in 1971. Its subsidiary, Delta Electronics’ excellent business tactics, has grown to become one of the richest companies in the world, with an estimated market capitalization of $1,435 billion.

Alphabet Inc. – $1,203 Billion

  • Industry: Information and Technology
  • Products: Search engine, mobile devices, and more

Alphabet Inc is Google’s parent company and provides web-based search, advertisements, maps, software applications, mobile operating systems (Android), and more. Considering Alphabet’s presence in virtually every technology niche today, it is a surprise that they are not the wealthiest company in the world by net worth.

On October 2, 2015, Alphabet was founded by Lawrence E. Page and Sergey Mikhaylovich Brin. The famous company has more than thirty popular subsidiaries, including AdWords, Android, YouTube, and many more.

Tesla – $834 Billion

  • Industry: Automotive and solar energy
  • Products: Electric vehicles, scalable clean energy generation, and storage products

Tesla has risen to become the world’s largest electric vehicle maker and solar panels and batteries. At the end of 2020, the company, together with other 27 United States of America firms, created the Zero Emission Transport Association (ZETA) to promote the transition of all US vehicles to electric traction.

Tesla was founded in 2003 by a group of engineers (Martin Eberhard, Mark Tarpenning, and Elon Musk) that wanted to prove that people did not have to compromise to drive electric cars. In 2004, Elon became the primary investor and chairman of the board of directors. Tesla has its headquarters in Palo Alto, California, USA, and is one of the most popular brands in the world.

Facebook – $757 Billion

  • Industry: Information Technology
  • Products: Social media, applications

Facebook turns 16 in 2021. It is one of the biggest firms in the world, and it has become a regular fixture of millions of lives around the globe. The giant social media site is visited by 2 billion individuals globally every day.

Today, Facebook makes around $22 billion net yearly profit because of online advertising. The firm also owns another massive social media company, Instagram, whereby they spent $1 billion on its acquisition.

Tencent – $738 Billion

  • Industry: Internet
  • Products: Social networking, instant messaging, mass media, web portals, and more

Tencent is the biggest Chinese company renowned for its messaging platform WeChat. Although it doesn’t disclose how much money it makes from the popular messaging platforms, Tencent is estimated to have a marketing capitalization of $738 billion.

A majority of the firm’s earnings come from in-app purchases of virtual goods and subscription fees. The company also makes a lot of money from digital advertisements on its media platforms and messengers. Tencent has its headquarters in Nanshan District, Shenzhen.

Alibaba Group – $620 Billion

  • Industry: Internet
  • Products: E-commerce, online money transfer, mobile commerce, online auction hosting

Many people have referred to Alibaba as the Amazon of China because of its similar business approach. Both firms have heavily invested in e-commerce and have an interest in online money transfer and many more.

Alibaba was founded on April 4, 1999, and its main office is in Hangzhou, China. They provide consumer, business-consumer, and business services via the internet and also deal in cloud computing.

Berkshire Hathaway Inc. – $546 Billion

  • Industry: Railway transport, utilities, food and no food products, insurance
  • Products: Insurance, wholesale commerce and more

Berkshire Hathaway is one of the richest companies in the world, with an office in Omaha, Nebraska, the United States of America. It is popular because of its owner, respected American investor, and entrepreneur, Warren Buffett.

Although it is not first in the list of the most valuable companies globally, Berkshire Hathaway has the world’s most expensive stock, with a price (as of June 2021) of $415,000 per share.

Berkshire Hathaway is affiliated with the following profitable firms:

  • GEICO (car insurance)
  • General Re (reinsurance)
  • Berkshire Hathaway primary Group (insurance)
  • McLane Company (wholesale commerce)
  • Berkshire Hathaway Energy (electricity and gas supply)
  • BNSF (railway transport)
  • Berkshire Hathaway Reinsurance Group (insurance and reinsurance)

Visa Inc. – $475 Billion

  • Industry:Financial products
  • Products:Payment system

Visa is a great brand renowned all over the world. It is the second-largest payment system in the world, according to cards and transaction data. It was founded in 1958 and has grown to become an international firm that performs payment transactions and bank transfers between financial institutions.

Johnson & Johnson – $421 Billion

  • Industry:Pharmaceuticals
  • Products:Drugs and medical equipment

Johnson and Johnson engage in research and development, manufacturing, and selling products in the health care field. The medical industry is vast and diverse, with numerous business opportunities. That is why Johnson and Johnson have a market capitalization of approximately $421 billion.

The firm was founded by three brothers – Robert Wood Johnson, James Wood Johnson, and Edward Mead Johnson in 1886. Today, Johnson and Johnson has around 250 affiliated firms located in 60 countries and selling to more than 175 nations. It has its head office in New Brunswick, New Jersey, United States of America.

JPMorgan Chase – $421 Billion

  • Industry:Banking
  • Products:Banking products and various financial services

There is no doubt that JPMorgan Chase is the largest bank in the United States of America and the 6th in terms of total assets in the world. The popular and respected bank worldwide provides investment and banking services, asset management, private wealth, and many other financial services.

JPMorgan Chase has its headquarters in 270 Park Avenue, Manhattan, New York, United States of America.

Walmart – $395 Billion

  • Industry: Retail
  • Products: A variety of retail products

Walmart is one of the biggest private employers in the United States of America and has a varied selection of goods at its stores. It is your one-stop store for home furnishings, electronics, groceries, and numerous other items. As a result, it has, for long, held the number one slot of the largest retailer in the United States of America.

Here’s a list of the richest companies in the world, ranked by market capitalization. Of course, some popular brands aren’t making as much money as people thought as they are missing from the list. However, certain renowned brands have exceeded expectations by having a massive market capitalization beyond what is typically perceived.

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