Top 15 Most Valuable Companies in the World-2024: No doubt, the heavyweights of Alphabet, Amazon, Apple, and Meta represent some of the most valuable businesses in the world. However, conglomerates, pharmaceutical giants, and oil producers are outclassing and overtaking them.
The largest firm in the world in 2024 is Apple, with a market valuation of 2.64 trillion dollars. The Saudi Arabian Oil Firm (Saudi Aramco), Microsoft, Google’s parent company Alphabet, and Amazon round up the top 15 most valuable companies in the world in 2024.
Here are the top 15 most valuable companies in the world by market value in 2024
1. Apple
As of February 2024, Apple was the most valuable company in the world according to market value with a market valuation of $2.537 trillion. Market capitalization also referred to as a market cap, is a calculation of a company’s value that accounts for all of the outstanding shares of a publicly traded company.
Apple Inc. is a technology firm based in the United States that produces hardware and software as well as consumer goods like cell phones, computers, and mobile devices. It also creates and sells operating systems and software for business applications. Music, movie, and software sales websites are also run by Apple.
2. Saudi Aramco
Aramco’s market capitalization was $2.325 trillion as of February 2024. Consequently, according to our source, Saudi Aramco is the second most valuable company in the world by market cap.
Saudi Aramco is Saudi Arabia’s main oil and gas company. As of 2020, Aramco had the second-biggest proven crude oil reserves and is the largest oil-producing corporation in the world.
3. Microsoft
With a market valuation of $2.005 Trillion, Microsoft is the third-most valuable company in the world.
The American company develops and distributes software and services such as a search engine (Bing), cloud solutions, and the computer operating system Windows.
4. Alphabet (Google)
Alphabet Google is taking up the fourth position on our list of the 20 most valuable companies in the world in 2024. At the time of writing, Alphabet has a market cap of $1.492 Trillion.
The previous Google LLC, which is still active as a subsidiary, is now owned by Alphabet Inc., a publicly traded US holding corporation. Silicon Valley’s Mountain View is home to the company’s headquarters. Sundar Pichai serves as the CEO of the business and is one of the highest-earning CEOs in the world.
5. Amazon
This online shopping pioneer has a wide range of products on its platform. Amazon boasts the widest assortment of books, CDs, and DVDs in the entire world. Private people and other businesses can also sell new and used goods online through Marketplace. The Amazon Kindle is marketed as an e-book reader together with the Amazon Fire HD tablet, TV set-top box, and Echo voice assistant.
As of the time of writing, Amazon has a market cap of $1.238 Trillion. This makes Amazon the world’s 5th most valuable company by market cap according to our data.
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6. Tesla
Tesla’s market capitalization as of July 2022 is $885.01 billion. By market cap, this places Tesla as the sixth-most valuable corporation in the world, according to our source.
Tesla, Inc. is an American company that manufactures and sells electric cars, as well as power storage and photovoltaic systems. The company’s goal is to “accelerate the transition to sustainable energy”. The company name is based on the physicist and inventor Nikola Tesla.
7. Berkshire Hathaway
With a market value of $641.84 Billion, Berkshire Hathaway is the 7th most valuable company in the world.
Berkshire Hathaway Inc. is an American holding company with Warren Buffett as its chairman. The company has over 80 companies in its conglomerate that operate in a variety of industries, including manufacturing, wholesale and retail, rail freight, energy supply, insurance and reinsurance, and financial services.
8. UnitedHealth
UnitedHealth has a market cap of $500.58 Billion. This earns UnitedHealth the number 8 spot on our list of the top most valuable companies in the world.
9. Meta Platforms
The Meta Platforms (Facebook) has a market value of $422.83 billion as of July 2022. This earns Meta Platforms (Facebook and Instagram) a place as the world’s 13th most valuable company by market.
10. Johnson and Johnson
Johnson & Johnson is a global American pharmaceutical and consumer goods company with headquarters in New Brunswick, New Jersey.
According to our source, the company has a market valuation of $451.41 billion, rounding up the top 10 companies in the world by market valuation.
11. TSMC
After Intel and Samsung, Taiwan Semiconductor Manufacturing Company Limited is the world’s third-biggest semiconductor manufacturer as well as its largest independent contract manufacturer. The business was established in 1987. Taiwan’s Hsinchu is home to the company’s main offices and other operations.
With a market valuation of $451.02 billion, TSMC is the 11th most valuable company in the world. The company provides equipment for the likes of AMD, Apple, and NVIDIA.
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12. Visa Inc.
Visa Inc. is a stock corporation and, alongside Mastercard, one of the two major payment card companies and employed around 14,200 people in 2016. The VISA brand is a recursive acronym and stands for Visa International Service Association.
At the time of writing, Visa has a market cap of $443.76 billion. This makes Visa the world’s 12th most valuable company by market cap.
13. NVIDIA
NVIDIA has a market cap of $438.19 billion and is the world’s 13th most valuable company, according to our source.
The company is one of the largest developers of graphics processors and chipsets for personal computers and game consoles. The head office is in Santa Clara, California.
The company was founded in January 1993 by Jen-Hsun Huang, Curtis Priem, and Chris Malachowsky.
14. Tencent
Tencent, the first Chinese firm on the list, is a conglomerate that offers online social networks, media, Internet value-added services, multiplayer online games (MMO, MMORPG), e-commerce, and online advertising. WeChat and QQ were developed by the firm. Tencent is now ranked as the 14th most valuable corporation in the world with a market value of $398.71 billion, according to our source.
15. Exxon Mobil
Exxon Mobil completes our list of the top 15 most valuable companies in the world by market value. According to our source, the US oil producer has a market value of $385.10 billion.
Sources: https://www.statista.com/statistics/263264/top-companies-in-the-world-by-market-capitalization/
https://companiesmarketcap.com/
