Top 10 Richest Companies in the World(2023) by Market Capitalization

Top 10 Richest Companies In The World by Market Capitalization: Through the development of cutting-edge products that had a big impact on the market, multinational companies have transformed the globe. The greatest capitalization level and global awareness of their services are proof of their excellent efficiency.

The market leaders, who have an impact on the lives of millions of customers globally, are the richest businesses in the world. An individual can’t imagine their life without utilizing the items from the brands, which attests to the strong authority and effectiveness of the mentioned companies.

The value of these richest corporations in the world now is several trillion dollars. Because of this, some businesses are bigger and worth more than the economy of several nations. Because of the diversity of these companies, there are chances for people with different degrees of expertise and in a wide range of sectors. There are also several departments and positions available, which allows for the potential for progress. As a result, they are advantageous for job seekers.

A company’s valuation will reveal how wealthy it is. When it comes to actively stock prices on the market, many categories may help you determine the worth of the firm you’re thinking about. Using a metric known as market capitalization, also known as market cap, one technique to calculate monetary worth is to do so. If you’re new to investing, market capitalization refers to the total price paid by investors or stockholders for all of the company’s shares that have already been issued. The figures mentioned below are in US Dollars.

Top 10 Richest Companies in the World(2023) based on Market Capitalization

Listed below are the top 10 richest companies in the world, as of January 2o23 based on Market Capitalization:

10. Johnson & Johnson – 470.95 Billion USD

 

Industry: Pharmaceuticals

Products: Baby care products, Drugs, and Medical equipment

Johnson & Johnson abbreviated as J&J is a well-known American based multinational corporation that develops medical devices, pharmaceuticals, and consumer packaged goods also known for high quality products and services.

Founded in 1886 and Known for excellent performance, Johnson & Johnson is considered one of the largest companies in the world.

The company is known to deal on reputable healthcare products including first aid,  Neutrogena skin and beauty products, Clean & Clear facial wash and Acuvue contact lenses. It is one of the richest Companies in the world by Market Cap.

9. United Health Group – 471.38 Billion USD

 

Industry: Healthcare

Services: Healthcare Services and Insurance

UnitedHealth Group is a healthcare and insurance company and is the largest healthcare company by revenue, and the largest insurance company by net premiums.

Based on the 2022 Fortune Global 500, the UnitedHealth Group ranks 11th on the list of top 500 Companies in the world. Before it rose to the current market cap, the Company operated on a market cap of above 400 billion dollars in 2022 and is also among the richest companies in the world.

8. Berkshire Hathaway – 693.26 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 with 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.

With a market cap of over 600 Billion USD, Baerkshire Hathaway is among the richest companies in the world.

7. Amazon – 868.57 Billlion USD

Industry: Retail business, E-Commerce, Artificial Intelligence.

Products: Software, Kindle, FireTV, Echo

Amazon.com, Inc, an American multinational tech company, is the seventh richest company in the world with a market cap of 868.57 Billion USD. Founded in 1994 by Jeff Bezon in his garage.

Amazon initially started as an online marketplace company that used to sell books and later expanded to sell almost everything required in today’s world, like Video games, Apparel, Furniture, Shoes, Computers, and Consumer electronics on its online portal.

6. Alphabet Inc. – 1.14 Trillion USD

Top 10 Richest Companies in the World(2023) by Market Cap – Alphabet

Industry: Internet, Software services.

Products: Operating System, Search Engine, Mobile Phone

The parent company of Google, whose search engine dominates the world market, is Alphabet. The business provides a variety of technology and online services. The corporation also generates income from a broad range of hardware goods, including Fitbit, Google Nest, and the Pixel phone line.

Alphabet is also among the Richest companies in the world with a market cap of $1.14 trillion; founded by Larry Page and Sergey Brin in 1998 while studying at Stanford University.

 

5. Microsoft Corp- 1.71 Trillion USD

Industry: Software Development, Information technology, Consumer electronics.

Products: Windows Operating System, Microsoft Office, Xbox, Search engine.

Founded in 1975 by Bill Gates and Paul Allen, Microsoft is a world leader in 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 in 2022 and has 166,475 employees on its payroll.

4. Apple Inc – 2.01 Trillion USD

Industry: Electronics, Information Technology

Product: Mobile, iPod, Personal computers, and tablets

Apple Inc. is a technology company that specializes in consumer electronics, software and online services and is also among the richest companies in the world with a market cap of 2.01 Trillion USD. Apple was initially engaged in the segment of the personal computer, which later grew exponentially after its huge success with its entry into the mobile phone segment.

The company has more than 516 retail stores worldwide and employs nearly 147,000 employees.

3. Tencent Holdings – 3.3 Trillion USD

Industry: Internet

Products: Social networking, instant messaging, mass media, web portals

Tencent is a Chinese conglomerate tech company that is also a venture company and an investment holding with a market cap of 3.3 Trillion USD.

Tencent Holdings is a significantly large company in the gaming industry and various other segments where it operates, like mobile games, music, web portals, e-commerce, and Internet services.

Founded in the year 1998 by five members – Pony Ma, Zhang Zhidong, Xu Chenye, Chen Yidan, and Zeng Liqing, Tencent is the first Asian tech company to surpass the $500 billion market cap in 2018. Tencent Music has 700 million active users, and it employs 85,800 people.

2. Saudi Aramco – 6.90 Trillion USD

Industry: Oil and gas production, refining.

Products: Crude Oil, Natural Gas, and petrochemical derivatives.

Saudi Aramco, officially the Saudi Arabian Oil Company, is one of the largest companies in the world by market cap and revenue,

Saudi Arabia is part of the Organization of the Petroleum Exporting (OPEC) and 12 other countries, contributing 44% of global oil production.

Aramco has subsidiaries in China, Japan, Russia, UAE, the USA, Great Britain, and many other countries. Aramco employs around 66,800 employees worldwide, and the Saudi Arabian government holds 98.5% of the company’s stake.

1.  Taiwan Semiconductor Manufacturing Co. Ltd – 11.89 Trillion USD

Industry: Semiconductors