Discover the Richest Companies in the World: Top 20 and Their Net Worth

In March 2020, the financial markets crashed as a result of the coronavirus pandemic, which prompted the shutdown of several of the world’s leading economies.

Some of the richest companies in the globe, however, were able to withstand the selling frenzy and gradually bounced back to their pre-Covid-19 levels. 

Take a look at these top twenty richest companies in the world, this year and their net worth.

APPLE, $2.5 Trillion

The richest company in the world, Apple, is at the top rank. When Steve Jobs, a founding member of the firm who had left a few years prior, assumed leadership of the organization in 1997, Apple started to take off. Unfortunately, on August 24, 2011, he passed away.

With Apple, Jobs was able to create a huge following for a brand that is readily identifiable worldwide. Because of this, Apple’s followers are more than willing to pay extravagant sums to purchase the iPhone and iPad. 

Apple appears to be the first business to reach this milestone, with estimates for its net worth as of 2023 ranging from $2.5 trillion to $3.5 trillion.

Thus, Apple’s market worth exceeds both the overall market value of various stock exchanges and the gross domestic product (GDP) of the majority of nations.

MICROSOFT, $2.297 Trillion

According to market value, Microsoft is currently the second most valuable firm in the world. 

The Microsoft company was founded in 1975 by Bill Gates and Paul Allen. It is the world’s largest provider of computer software. In addition, it is a top supplier of online services including search and video games as well as cloud computing services, computer and gaming hardware, and video games.

Both Microsoft’s revenue and market value are enormous. Given that its shares are increasing in value, its net worth simply cannot be assured. As one estimate, Microsoft’s current net worth is thought to be over $2.297 trillion.

ARAMCO, $2 Trillion

Aramco, the biggest oil business on earth, is owned by the Saudi monarchy. This giant generates more than $300 billion in sales and is in charge of one out of every nine barrels of crude oil produced globally. 

The first exploration concessions were awarded on Saudi land in the 1930s, marking the start of the twentieth century. It was given the new name Aramco in the 1940s, and US-based businesses owned it. 

The Saudi government bought 25% of the oil company in the 1980s, and over the years it gradually increased this share until it eventually owned the entire business. To raise almost $100 billion, the oil corporation announced intentions in 2016 to offer 5% of its shares on the stock exchange the following year.

Aramco is currently valued at slightly over $2 trillion, making it the third-largest publicly traded business in the world. 

ALPHABET (GOOGLE LLC), $1.58 Trillion

The largest search engine in the world is Google LCC also now known as Alphabet. It is a multinational corporation with American roots that is used all over the world.

Google is incredibly knowledgeable and has access to data from literally everywhere. Many people in the modern world can’t live without Google’s assistance.

As Google has evolved into a brand known for its smartphones like the Google Pixel and other smart gadgets, the business is expanding its branches more and more.

A sum of $1.58 trillion is Google LLC’s (Alphabet) net worth.

AMAZON, $1.38 trillion

Jeff Bezos established Amazon in 1994 to make it the largest retailer in the world.

Additionally, Jeff Bezos’ business has diversified its revenue streams by creating brands like Amazon Music, Amazon Web Services, e-books (Kindle), smart speakers (Echo), and so on. By doing so, it has followed the technological giants Apple and Microsoft’s footsteps. It also recently jumped on the streaming platform bandwagon with Amazon Prime. 

As of July 17, 2023, Amazon’s market value or net worth was $1.37 trillion.

TESLA, $891.84 Billion

Tesla was established in 2003, but after Elon Musk was appointed CEO in 2008, its recognition soared. Four years prior, he had joined the shareholder group. The maker of electric vehicles went public in 2010 at a share price of USD 17. 

After ten years, the cost had increased to USD 2,300. As a result, the business decided to split each share into five equal parts in August 2020. Each share thus started trading at USD 440. Tesla divided its shares once more in August 2022, but this time in a 3:1 ratio. 

As of today, its net worth is estimated t be $891.84 Billion

BERKSHIRE HATHAWAY, $741.78 Billion

The sixth most valuable corporation in the world today is Warren Buffett’s Berkshire Hathaway. It specializes in stock market investments.

Many of the most powerful companies in the world, including Apple, Bank of America, Coca-Cola, Wells Fargo, and American Express, are controlled by it.

As of July 14, 2023, Berkshire Hathaway’s net value was $741.78 billion.

VISA, $512.80 billion

Visa was created in 1958 with the release of Bank of America’s BankAmericard credit card. The Visa brand’s international growth during the 1980s and 1990s was crucial, and it profited from the construction of ATMs in the busiest parts of the US at this time. 

At a share price of USD 43.5, Visa went public on the New York Stock Exchange in March 2008. 

VISA’s net worth is $512.80 billion.

TENCENT  HOLDINGS, $473.22 Billion

With a $473.22 billion market valuation, Tencent is a Chinese computer 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, web portals, e-commerce, and Internet services, Tencent Holdings is a sizably large firm.

UnitedHealth, $447.05 Billion

It is not surprising that UnitedHealth Group is one of the top ten greatest companies because it is the second-largest healthcare company in the world by revenue.

Healthcare is regarded as a protective sector in periods of significant market volatility, such as 2022 because demand is continuously independent of the state of the economy.

The company currently has a $447.05B net worth.

META PLATFORMS (Facebook), $457.80 Billion

California-based With a market capitalization of $457.80 billion, Meta Platforms Inc., the parent company of social media titan Facebook, is the biggest social networking site on the planet is this one.

Facebook, which was founded in 2004 by Mark Zuckerberg, has recently purchased several social media startups, including Instagram, WhatsApp, and Oculus.

Since its founding, Facebook, often known as FB, has reported sales of $117.92 billion, which is the biggest amount ever. It has 71,970 employees and 2.91 billion active monthly users of 2021

TAIWAN SEMICONDUCTOR, $425.92 Billion

An international corporation with a foundation in Taiwan, Taiwan Semiconductor Manufacturing Company, Limited (TSMC), produces semiconductors.

Located in Hsinchu Science Park, it is the biggest business in Taiwan. The most valuable business in the semiconductor industry worldwide, TSMC, has a $425.92 billion market worth.

NVIDIA, $422.23 Billion

With $16.68 billion in annual revenue, the American firm Nvidia creates graphics processing units (GPUs) and application programming interfaces (API). Nvidia was established in 1993 and, as of 2020, employed 18,100 people.

JOHNSON & JOHNSON,  $415.46 billion 

One of the top ten richest businesses is Johnson & Johnson. This is another defensive business that can weather crises because people will always buy its products (health-related ones). 

It was established in 1886, and rating agencies have assigned a AAA grade to its debt, which denotes an exceedingly low chance of default. 

By July 14, 2023, Johnson & Johnson will have a $415.46 billion market value.

PROCTER & GAMBLE, $343.22 Billion

With an estimated 2021 revenue of 76.12 billion dollars, Procter & Gamble is a global American fast-moving consumer products corporation based in Ohio. In 2022, the market valuation of the corporation will be $343.22 billion.

It was established by William Procter and James Gamble in 1937. About 101,000 individuals are employed by the company worldwide.

JP MORGAN CHASE, $340.55 Billion

One of the first US banks, JP Morgan Chase, provides services for both commercial and investment banking. J.P. Morgan is a global banking powerhouse with $3.38 trillion in assets and 255,000 employees globally. The renowned banker founded the company in 1871.

With $119 billion in revenue in 2020, JP Morgan will be the fourth-biggest bank in the world and the largest bank in the US.

WALMART, $339.14 Billion 

With $559 billion in annual revenue, Walmart Inc. is a US-based retail behemoth that runs supermarkets and hypermarkets. In the year 1962, Sam Walton created Walmart.

In 24 different countries as of 2021, it operated 10,526 retail outlets. It is one of the biggest employers in the world, employing 2.2 million people worldwide.

SAMSUNG, $313.15 Billion 

Samsung is a global electronics corporation with headquarters in Seoul, South Korea, and is the biggest producer of mobile phones worldwide.

It also manufactures batteries, IC chips, hard drives, image sensors, cameras, and other products, and it has a sales network in 74 nations. Around 290,000 people work at Samsung.

Fertilizers and sweeteners were Samsung’s areas of expertise when it was created in 1969. 2020 saw $200 billion in revenue for the corporation.

LOUIS VUITTON MOËT HENNESSY (LVMH), $305.25 Billion

LVMH, or Louis Vuitton Moët Hennessy, is a luxury goods corporation with headquarters in France. The company has annual sales of 53.7 billion Euros.

Alain Chevalier and Henry Racamie formed it in 1987, and it currently oversees eminent companies like Christian Dior, Givenchy, Marc Jacobs, Stella McCartney, Loro, Celine, Fenty, etc.

The biggest firm in France, LVMH, is situated in Paris and employs about 83,000 people.

Its net worth is estimated to be $ 305.25 Billion.

BANK OF AMERICA, $258.99 Billion 

The Bank of America Corporation, frequently referred to as BofA or BoA, is a $258.99 billion market-cap American international investment bank and financial services holding company. Its headquarters is in Charlotte, North Carolina.

The largest bank holding company in the nation, it has assets worth $2.19 trillion. The eighth-largest bank in the world and the second-largest bank in the United States, respectively, is BofA. More than 200,000 people are employed by the bank.

Conclusion

This list of the top 20 wealthiest companies in the world should offer insightful analysis and information, whether you’re a business professional, investor, or just curious to learn more about the world economy.

Through their ground-breaking goods, services, and business strategies, these companies have left their mark on the world. They continue to be the main forces behind development and achievement in their specialized industries.