The richest company in the world is updated seldom than indivudual ranking of richest people. There are companies we rarely hear like Saudi Aramco, company that delivers one of the primary commodity in the world – fuel. And they’re the richest company for a while until pandemic and what happen shift the ranking of most valuable companies in the world. Some companies snatch the pinnacle position and some companies we barely hear join the top 10. Check below the ranking below.
10. Berkshire Hathaway ($492 Billion)
Berkshire Hathaway is a Nebraska-based holding company. It began its journey in 1839 as a textile manufacturer, but since the 80s the company has not manufactured this type of product, since its current CEO Warren Buffett transformed it to dedicate itself entirely to investments. It is now the full owner of BNSF Railway and Fruit of the Loom, among many others. He also owns shares in several companies, including Apple, Delta Airlines, and American Express.
9. Procter & Gamble ($574 Billion)
Also known as P&G, it is the only company in the ranking dedicated to consumer goods. Based in Cincinnati, Ohio. It was founded by William Procter and James Gamble in 1837. The conglomerate of companies has an extensive list of brands under its umbrella, among which we can find Gillette, Pantene, Tampax, Oral-B or Fairy to mention just a few of them.
8. Tencent Holdings ($757 Billion)
It is a Chinese holding company founded in 1998 based in Shenzhen. Tencent’s activities span a wide range of industries . These include e-commerce, social media, video games , financial services, artificial intelligence, and cloud services, to name a few. Among many other companies, Tencent completely acquired Riot Games in February 2015.
7. Alibaba ($781 Billion)
The Alibaba Group is known primarily for its wholesale website, alibaba.com, but the corporation also offers retail services (Aliexpress), e-commerce, cloud services, digital media, and finance technology. It is a Chinese company founded by Jack Ma in 1999, who remains the CEO of the company, and is led by CEO Daniel Zhang. It is based in Hangzhou, Zheijang.
6. Facebook ($836 Billion)
Facebook Inc. is a social media and networking company based in Menlo Park, California. It was founded in 2004 by Mark Zuckerberg, who remains the CEO of the company. The company also manages other social media platforms, such as Instagram and WhatsApp, and connects more than 2.2 billion active users each month. One of the reasons that Facebook has lost weight in recent years is the corporate scandals in which the company has been embroiled due to the privacy and use of its users’ data.
5. Alphabet (1.192 Trillion)
It is the parent company of Google that includes YouTube and other lesser-known subsidiaries that are engaged in research and development projects, investments, and venture capital. The history of Google began in 1995, when Larry page and Sergey Brin developed a search engine from their bedrooms. Alphabet was founded in a restructuring of Google Inc. in 2015 and is based in Mountain View, California.
4. Amazon ($1.662 Trillion)
Amazon is an e-commerce and cloud computing company, based in Seattle, Washington. Since it was founded in 1994 by Jeff Bezos, the company has continued to expand its business model. Currently Amazon.com’s share price has doubled with the coronavirus crisis, as its business model has been strengthened.
3. Microsoft ($1.692 Trillion)
Founded by Bill Gates and Paul Allen in 1975 as a software developer, its product line has expanded greatly since then, including today computer hardware. Its most famous software products are Windows and the Office suite, while its hardware includes Xbox consoles and Surface tablets. Since the arrival of Satya Nadella in 2014, Microsoft has undergone a transformation. In 2019, Microsoft became after Apple the second private company to exceed a trillion dollars. It was thanks to a firm commitment to services and the cloud, which resulted in quarterly profits up to four times higher than those registered during the previous period.
2. Saudi Aramco ($1.843 Trillion)
With origin and headquarters in Dhahran, this Saudi company employs more than 75,000 people around the world. Its main markets are oil, gas and petrochemical products. On several occasions this company has been considered the largest in the world for the benefits generated. Today the company produces more than 10 million barrels of oil per day.
1. Apple ($2.014 Trillion)
The California-based technology company was the first to reach a value of more than a trillion dollars already in 2018. In 2020 it has broken that record again, achieving a market capitalization of more than 2 trillion dollars. Apple was founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne. Initially they focused on the production of computers, but over the years their business model has expanded enormously to include such iconic products as the iPhone and iPod, and services such as iTunes, Apple Music and Apple Pay. It is currently led by CEO Tim Cook.