The richest company in the world is a fiercely contested category each year. This title brings prestige which then filters back to share price. Perhaps you have wondered which company is the wealthiest or who is dominating the world in terms of market value.
Measuring Company Wealth
For centuries, the primary measurement tool we’ve used to determine a business’s global financial status is its total net worth. With this in mind, it’s certainly no easy task deciding who claims the top spot as many factors play an essential role.
We have compiled a list of the top 5 wealthiest companies worldwide. Although this may seem like a simple task, it is not as straightforward as many believe. The top ten spots seem to be dominated by the same 25 companies that are continuously jockeying for places. They will often trade places regularly, which, for obvious reasons, will quite possibly render this article factually incorrect within a few months. At least you’ll get the information you seek, though.
Meta formerly known as Facebook
Yip, you guessed it. The social media giant, co-founded by Mark Zuckerberg in February of 2004, has seen some incredible growth in user acquisition and has managed to accrue a market cap of more than $541 billion.
Recently, Facebook has procured various other internet-based communication platforms such as Whatsapp and Instagram. This fact undoubtedly guarantees that the largest social media platform on the planet will only continue its trajectory, and it will indeed remain on the list of wealthiest companies.
Everyone you’ve met indeed knows about Microsoft and its founder Bill Gates. For many years Bill held the coveted title of the world’s richest man. It gets directly linked to the market domination of Microsoft within the software development industry. So, it is no surprise that they have cracked this prestigious list. As of 2020, the company has a market cap of over $750 billion.
Microsoft owns the operating system Windows and, for a long while, had a total monopoly over the market until competitors joined in on the fun.
AlphaBet & Google
Ah yes, a name that absolutely every individual on this planet will know. However, you may not know that they go by the name of Alphabet now. The largest search engine in the world has proven to become extremely popular and dominates the market with insane proficiency. As of 2020, the company has a market share of $766 billion since its formation in 1998.
With a market cap of $802 billion, the company founded by the current richest man in the world sits at the 2nd spot on the list. In 1994, Jeff Bezos launched an online bookstore which quickly blossomed into a fully-fledged online retailer that dominates almost every sector. So there is no doubt in our minds that they are destined for the top spot one day.
Arguably, the most famous electronics company in the world seems to have garnered a somewhat fanatical following over recent years and claims the top spot on this list. Their market cap of $926 billion makes sure of that.
Started by three men in 1976 in a garage that certainly had no idea they would create a giant beyond their wildest imaginations, Apple has secured their place in history and shows no signs of slowing down anytime soon.