Top 10 Richest Companies in the world 2024

Top 10 richest companies in the world 2024: The fact that a company is famous does not mean it is rich. You might not have heard of some of the names of the richest companies in our list. Read through as we unveil to the top 10 richest companies in the world 2024 and how they grew their wealth.

Top 10 richest companies in the world by market cap

10. JP Morgan Chase

JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City. JPMorgan Chase is incorporated in Delaware. As of September 30, 2021, JPMorgan Chase is the largest bank in the United States, the world’s largest bank by market capitalization, and the fifth-largest bank in the world in terms of total assets, with total assets of US$3.758 trillion

The current company was originally known as Chemical Bank, which acquired Chase Manhattan and assumed that company’s name. The present company was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.

JP Morgan Chase is number 10 on our list of the top 10 richest companies in the world

9. Tencent

Tencent Holdings Ltd., also known as Tencent, is a Chinese multinational technology and entertainment conglomerate and holding company headquartered in Shenzhen. It is also the largest company in the gaming industry in the world based on its investments.

The company surpassed a market value of US$500 billion in 2018, becoming the first Asian technology company to cross this valuation mark.

 It has since then emerged as the most valuable publicly traded company in China, and among the world’s top technology companies by market value. In 2015, 2018, and 2020, the company was ranked by the Boston Consulting Group and Fast Company among the 50 most innovative companies worldwide.

 Tencent has stakes in over 600 companies, and began focusing on tech start-ups in Asia in 2017.TechCrunch characterized Tencent’s investment strategy as letting its portfolio startups operate autonomously.

In January 2021, with a valuation approaching US$1 trillion, Tencent’s share price plummeted. Tencent is the 9th richest company in the world at the moment

top 10 richest companies in the world

8.Berkshire Hathaway

Berkshire Hathaway Inc. is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The company wholly owns GEICO, Duracell, Dairy Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Shaw Industries, Pampered Chef, Forest River, and NetJets, and also owns 38.6% of Pilot Flying J; and significant minority holdings in public companies Kraft Heinz Company (26.7%), American Express (18.8%), The Coca-Cola Company (9.32%), Bank of America (11.9%), and Apple (6.3%).

According to the Forbes Global 2000 list and formula, Berkshire Hathaway is the eighth-largest public company in the world, the tenth-largest conglomerate by revenue and the largest financial services company by revenue in the world

7. Tesla

Tesla, Inc.  is an American electric vehicle and clean energy company based in Austin, Texas, United States. It was founded by Elon Musk. Tesla designs and manufactures electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. 

Tesla is one of the world’s most valuable companies and remains the most valuable automaker in the world with a market cap of nearly $1 trillion. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3 gigawatt-hours (GWh) installed in 2020.

The Tesla Model 3 is the all-time best-selling plug-in electric car worldwide, and, in June 2021, became the first electric car to sell 1 million units globally.

 Tesla’s global vehicle sales were 499,550 units in 2020, a 35.8% increase over the previous year. In October 2021, Tesla’s market capitalization reached US$1 trillion, the sixth company to do so in U.S. history.

The success of Tesla has made it one of the richest companies in the world

6. Meta

Meta Platforms, Inc., trading as Meta and formerly known as Facebook, Inc., is an American multinational technology conglomerate based in Menlo Park, California. The company is the parent organization of Facebook, Instagram, and WhatsApp, among other subsidiaries.

Meta is one of the world’s most valuable companies and is considered one of the Big Tech companies in U.S. information technology

The company is currently valued at $986 billion. It was Founded by Mark Zuckerberg and is among the top 10 richest companies in the world currently

5. Amazon

Amazon is the most successful Ecommerce company in the world. The annual turn over of more than $400 billion. The company has been referred to as “one of the most influential economic and cultural forces in the world”, as well as the world’s most valuable brand.

 Amazon is the world’s largest Internet company, online marketplace, AI assistant provider, cloud computing platform, and live-streaming service as measured by revenue and market share.

Amazon has a market capital of over $1 trillion. The company has the fastest delivery service and the second largest employer in the United States

Amazon is number 5 on the list of the top 10 richest companies in the world. It was founded by Jeff Bezos

4. Saudi Aramco

Saudi Aramco  is a Saudi Arabian public petroleum and natural gas company based in Dhahran. As of 2024, it is one of the largest companies in the world by revenue. 

Saudi Aramco has both the world’s second-largest proven crude oil reserves, at more than 270 billion barrels and largest daily oil production of all oil-producing companies. It is the single greatest contributor to global carbon emissions of any company in the world since 1965.

On 11 December 2019, the company’s shares commenced trading on the Tadawul stock exchange. The shares rose to 35.2 Saudi riyals, giving it a market capitalization of about US$1.88 trillion, and surpassed the US$2 trillion mark on the second day of trading. Saudi Aramco is currently ranked as the 4th- richest company in the world.

3. Alphabet

Alphabet is the third richest company in the world. Alphabet might not ring a bell but its subsidiaries like google and YouTube are household names.

 It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. 

The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world’s third-largest technology company by revenue and one of the world’s most valuable companies

2. Apple

Apple Inc. is an American multinational technology company that specializes in consumer electronics, computer software and online services.

Apple is the largest information technology company by revenue (totaling $365.8 billion in 2021) and, it is the world’s most valuable company, the fourth-largest PC vendor by unit sales and fourth-largest smartphone manufacturer. 

It is one of the Big Five American information technology companies, alongside Amazon, Alphabet (Google), Meta (Facebook), and Microsoft.

Apple has a market capitalization of $2.3 trillion. Apple is know for making the highest, over priced iPhone. Apple comes second on our list of the top 10 richest companies in the world

Microsoft

Microsoft is the richest company in the world on our list. while the company is well known for its successful innovations and merges, microsoft’s recent success has been attributed to the manufacturing of Xbox.

 Its best-known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers.

In April 2019, Microsoft reached the trillion-dollar market cap, becoming the third U.S. public company to be valued at over $1 trillion after Apple and Amazon respectively.

Microsoft was founded by Bill Gates and has since led the tech resolution industry for several years.

Summary of the top 10 richest companies in the world

1. Microsoft
2. Apple
3. Alphabet
4. Saudi Aramco
5. Amazon
6. Meta
7. Tesla
8. Berkshire Hathaway
9. Tencent
10. JP Morgan Chase

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