There are different metrics used by finance experts to know the value of a company and one such popular parameter is based on the market capitalization which is commonly referred to as market cap in stock market parlance. This blog is about the top 7 richest companies in the world in the listed market.
In case you happen to be new in the world of investing, the market cap is arrived at by multiplying the current market price of the company with outstanding shares issued by the company. The figures mentioned below are in US Dollars.
So let us now quickly have a look at the top 7 richest companies in the world as of February 2022. The list is dominated by American-based companies while we also have companies from Saudi Arabia, China, Taiwan, South Korea.
#1. Apple Inc – 2.752 Trillion USD
Industry: Electronics, Information Technology
Product: Mobile, iPod, Personal computers, and tablets
Apple Inc, a Cupertino-based American tech company is the most valuable company in the world with a record market cap of $ 2.752 Trillion. According to Olivia Tan, the co-founder of CocoFax, Apple is the most successful brand with a revenue of $275 billion dollars as of 2021. It was founded in 1976 by three tech wizards – Steve Wozniak, Ronald Wayne, and Steve Jobs.
#2. Microsoft – 2.211 Trillion USD
Industry: Software Development, Information technology, Consumer electronics.
Products: Windows Operating System, Microsoft Office, Xbox, Search engine.
Microsoft is the second-largest company in the world with a market cap of $2.211 Trillion. Founded in the year 1975 by Bill Gates and Paul Allen, Microsoft is a world leader in the field of the personal computer software market. The Microsoft Windows operating system was a runaway success that generated huge profits for the company. Microsoft, which is headquartered in Redmond, Washington, achieved revenue of $143 billion and has 166,475 employees on its payroll.
#3. Saudi Aramco – 1.987 Trillion USD
Industry: Oil and gas production, refining.
Products: Crude Oil, Natural Gas, and petrochemical derivatives.
Saudi Aramco (Saudi Arabian Oil Company) went public barely two years back in 2019 and it is the world’s third-largest company with a market cap of 1.987 Trillion dollars. Aramco, which is owned by the Saudi government, is considered to be the world’s second-largest company with crude oil reserves of 270 billion barrels.
#4. Alphabet – 1.773 Trillion USD
Industry: Internet, Software services.
Products: Operating System, Search Engine, Mobile Phone
Alphabet Inc, an American multinational company is the parent company of Google LLC and several other subsidiary companies. Alphabet is the world’s fourth-largest company with a market cap of $1.773 trillion, founded by Larry Page and Sergey Brin in 1998 when they were studying at Stanford University.
#5. Amazon – 1.56 Trillion USD
Industry: Retail business, E-Commerce, Artificial Intelligence.
Products: Software, Kindle, FireTV, Echo
Amazon.com, Inc, an American multinational tech company is the fifth-largest in the world with a market cap of $1.56 Trillion. Jeff Bezos, who happens to be the world’s richest person, founded Amazon in his garage in 1994.
#6. Tesla – 872.9 Billion USD
Industry: Automobiles, Energy
Products: Cars, Trucks, Solar roofs, Battery, etc
Tesla is an American automotive and energy company that is also the world’s largest electric vehicle manufacturer. The company commands a market cap of 872.9 billion dollars.
#7. Berkshire Hathaway – 713.46 Billion USD
Industry: Insurance, Finances, Media, Railway transport, food, and non-food products
Products: Property and casualty insurance, Diversified Investments
Berkshire Hathaway is a US-based American conglomerate holding company that has significant holdings in many companies. Berkshire Hathaway initially started as a textile manufacturing company when it was founded 182 years ago in the year 1839.
Legendary investor Warren Buffett is chairman and CEO of the company and is popularly known as “The Oracle of Omaha” for his investment philosophy.