Several different metrics were used to determine the financial experts’ value based on market capitalization. Compared to the previous financial year, numerous market sectors have seen a substantial recovery, whereas some companies faced a revenue downfall. According to a recent graphic analysis, the richest rated companies worldwide were worth an average of 31.7 trillion.
There is a remarkable growth in the revenue performance of several market sectors compared to the previous year. The industries of primary materials, technological sectors, consumer staples, and utility industries are the sectors that marked revenue growth. In contrast, other sectors such as finance, health care, telecommunications, etc., faced a downfall in terms of revenue.
List of Top 10 Richest Companies In The World
Here’s the list must check below;
#1. Apple Inc.
#2. Saudi Aramco
#3. Alphabet Inc.
#7. Berkshire Hathaway
#8. JPMorgan Chase & Co.
Brief: Top 10 Richest Companies In The World 2023
After several surveys and metrics carried out by financial geeks, these are the top 10 richest companies in the world.
1. Apple Inc.
Apple Inc. has been the richest company in the world for the longest time. Its revenue of around $275 billion makes it the wealthiest company all around the globe. The products manufactured and designed by Apple Inc, are categorized under the sector of electronic and information technology.
The Apple Inc. Popularly known for its one step ahead of software technologies in its products such as audio players, laptops, cell phones, digital watches, etc. Apple is endeared by people across the world and sold in 1000s of its brand stores globally.
2. Saudi Aramco
Saudi Aramco, one of the top-leading Saudi Arabia-based crude oil exporting companies entered the top richest companies in the world in 2020 and secured its position among the top 10 richest companies in the world with a revenue collection of $229 billion.
Formed on May 29, 1933, and is owned by the government of Saudi Arabia. It extracts, separates, and refines petroleum, natural gas, and several other petrochemical derivatives.
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3. Alphabet Inc.
Alphabet Inc. is one of the reputed multinational conglomerates founded by Larry Page and Sergey Brin on October 2, 2015. With a revenue of $182 billion, listed among the richest companies in the world. The parent company of the very renowned company called “Google”, whose CEO is Sundar Pichai.
Alphabet Inc. has many subsidiaries like Calico, Fitbit, Google fiber, etc., in various industries such as human health, wireless wearables, internet, etc.
Amazon Inc. is a multinational company that overtook its competitor Microsoft with a revenue of $162 billion in 2019 and secured its position amongst the top richest companies in the world.
Amazon.com, formerly known as Cadabra Inc, was established on July 5, 1994, by Jeff Bezos. There are several other subsidiaries such as amazon prime video, amazon fresh, kindle, amazon drive, and many more.
Microsoft Corporation is one of the top-leading software development-based multinational companies, formerly known as Microsoft consumer products. Established 46 years ago, on April 4, 1980, by Bill Gates and Paul Allen.
It works on software development, computer hardware, video games, cloud computing, the internet, social service networking services, and many more and its revenue collection is $161 billion.
ICBC is an abbreviation for ‘The Industrial and Commercial Bank of China’. It is popularly top 10 richest companies in the world for the 9th time in a row.
On January 1, 1984, in Beijing, China, ICBC was established and operated and managed jointly by the Chinese central government, Central Huijin Investment Co. ltd., the ministry of finance, Chinese securities finances, Temasek holdings, NSSF, and others.
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7. Berkshire Hathaway
Berkshire Hathaway is a utility-based company founded by one of the very renowned businessmen named Warren Buffet in 1938, also known as one of the oldest companies in the U.S.
Its market capitalization is worth $455 billion. It is a conglomerate company with several products in sectors like finance, transportation, utilities, and food products.
8. JPMorgan Chase & Co.
JPMORGAN CHASE & Co is one of the established banking sector firms founded by Aaron Burr, John Thompson, Balthazar P. Melick, and John Pierpont Morgan.
It marked its position amongst the other recognized richest companies in the world with a revenue of $119 billion. It is the sixth-largest bank in the world, with its asset values summing up to $2.5 trillion.
Facebook is one of the most popular social networking-based internet industries with a market capital value of $583 billion. Founded by a Harvard dropout named Mark Zuckerberg.
In February 2004, facebook took place on the market. About 1.86 billion visit Facebook every day, and it is the largest social network platform in the universe.
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Alibaba is a top Chinese established e-commerce company. Jack Ma Yun founded it in 1999. Now has a market capitalization worth $545 billion.
It is into the services such as online money transactions, retail, trading, technology, and the internet.
Q: What is the market capitalization value of Apple Inc.?
Ans: 2.5 trillion U. S. dollars
Q: Name the firm/organization that conducts these financial surveys?
Ans: One of the very well-known companies that conduct these surveys is FORBES.
In the above article, we have discussed the top 10 richest companies in the world. We hope this will help you. Let us know your reviews and choices about the company in the comment section below. Also, stay tuned for the following article. Till then, stay safe and stay happy.