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Top 10 Most Valuable Companies In The World 2024
Want to know what is the most valuable company in the world in 2024? Most of the companies included in the top 10 list generate hundreds of billions of dollars in annual revenues. The world’s largest companies by market capitalization are spread across a variety of market sectors, including technology, communications services, energy, consumer cyclicals and financial services. Here are the top 10 Most Valuable Companies in the World in 2024 by Market Cap.
Market capitalization, commonly called market cap, is the total market value of a publicly traded company’s outstanding shares and is commonly used to measure how much a company is worth.
10. TSMC
Market Cap: $670.5 billion
Country: Taiwan
Revenue: $73 billion
Taiwan Semiconductor Manufacturing Co., Ltd. is a Taiwanese multinational semiconductor contract manufacturing and design company. TSMC’s market cap is $719.36 billion, making it one of the top 10 most valuable companies in the world. This makes TSMC the 10th most valuable company in the world by market cap, according to our data.
It is the world’s second most valuable semiconductor company, the world’s largest dedicated independent (“pure-play”) semiconductor foundry, and the largest in its country, with its headquarters and main operations located in the Hsinchu Science Park in Hsinchu, Taiwan. Is. It is majority owned by foreign investors, and the central government of Taiwan is the largest shareholder.
TSMC was founded in 1987 by Morris Chang in Taiwan as the world’s first dedicated semiconductor foundry. It has been a leading company in its field for a long time. It has been listed on the Taiwan Stock Exchange (TWSE: 2330) since 1993; In 1997 it became the first Taiwanese company to be listed on the New York Stock Exchange (NYSE: TSM).
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09. Eli Lilly
Market Cap: $712.4 billion
Country: USA
Revenue: $32 billion
Eli Lilly and Company is an American pharmaceutical company headquartered in Indianapolis, Indiana, with offices in 18 countries. Eli Lilly’s market cap is $719.36 billion, making it one of the largest companies in the world 2024. This makes Eli Lilly the 9th most valuable company in the world by market cap, according to our data.
Its products are sold in approximately 125 countries. The company was founded in 1876 by Colonel Eli Lilly, a pharmaceutical chemist and Union Army veteran during the American Civil War, and named after him.
Lilly is best known for its clinical depression drugs Prozac, Cymbalta, and its antipsychotic drug Zyprexa, although its primary revenue drivers are diabetes drugs Humalog and Trulicity. Lilly’s accomplishments include becoming the first company to mass-produce the polio vaccine developed by Jonas Salk and insulin.
08. Berkshire Hathaway
Market Cap: $869.6 billion
Country: USA
Revenue: $401 billion
Berkshire Hathaway is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. According to the latest financial reports of Berkshire Hathaway the company’s current revenue is $401.7 billion. Revenue is the total amount of income that a company generates from the sale of goods or services. Unlike earnings, no expenses are deducted.
Berkshire Hathaway’s market cap is $869 billion. This makes Berkshire Hathaway the 8th most valuable company in the world by market cap, according to our data.
Market capitalization, commonly called market cap, is the total market value of a publicly traded company’s outstanding shares and is commonly used to measure how much a company is worth.
Founded in 1839 as a textile manufacturer, it underwent an extensive restructuring in 1965 into a conglomerate led by Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger. The company’s core business and source of capital is insurance, from which it invests in subsidiaries, equity positions and a broad portfolio of other securities.
07. Meta Platforms (Facebook)
Market Cap: $1.19 trillion
Country: USA
Revenue: $126 billion
Meta Platform is an American multinational technology conglomerate based in Menlo Park, California. It is the owner of Facebook, the world’s largest social media network. The company owns and operates Instagram, Threads, and WhatsApp, among other products and services.
Meta ranks among the largest American information technology companies, with the other Big Five being Alphabet (Google), Amazon, Apple, and Microsoft. Meta is also investing in and building the Metaverse, a vast virtual world that combines aspects of social media, online gaming, augmented reality (AR), VR, and cryptocurrency.
Despite efforts in hardware, the company remains dependent on advertising for most of its revenue, which will account for 97.8 percent in 2023. Parent company Facebook, Inc. Meta Platform, Inc. on October 28, 2021 Rebranded as Metaverse, Inc. to “focus its efforts on building the Metaverse”, an integrated environment connecting the company’s products and services.
06. Amazon
Market Cap: $1.75 trillion
Country: USA
Revenue: $554 billion
Amazon is an American multinational technology company that focuses on e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. It is considered one of the five largest American technology companies (Google, Apple, Meta, and Microsoft).
Jeff Bezos founded Amazon on July 5, 1994, out of his garage in Bellevue, Washington. It began as an online marketplace for books, but expanded to sell electronics, software, video games, apparel, furniture, food, toys, and jewellery.
The company has several subsidiaries, including cloud computing provider Amazon Web Services, self-driving car division Zoox, satellite internet provider Kuiper Systems, and computer hardware R&D provider Amazon Lab126. Other subsidiaries include Ring, Twitch, IMDb, and Whole Foods Market. Amazon is the 6th largest company in the world by market cap in 2024.
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05. NVIDIA
Market Cap: $1.79 trillion
Country: USA
Revenue: $21 billion
NVIDIA’s market cap is $1.79 trillion, making it one of the most valuable companies in the world in 2024. This makes NVIDIA the 5th most valuable company in the world by market cap, according to our data.
Nvidia Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California and incorporated in Delaware.
Nvidia is a software and fabless company that designs graphics processing units (GPUs), application programming interfaces (APIs) for data science and high-performance computing, as well as systems on chip (SoCs) for the mobile computing and automotive markets. Is.
The company provides products and platforms consisting of hardware, software, services and more to serve the gaming, professional visualisation, data centre and automotive markets. Nvidia GPUs have also featured prominently in cryptocurrency mining.
04. Alphabet (Google)
Market Cap: $1.81 trillion
Country: USA
Revenue: $297 billion
Alphabet Inc. (Google) is an American multinational technology conglomerate holding company headquartered in Mountain View, California. Alphabet is the world’s third-largest technology company by revenue and one of the most valuable companies in the world by market cap in 2024.
It was created through Google’s restructuring on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. It is considered one of the five largest American information technology companies along with Amazon, Apple, Meta and Microsoft.
The company offers a range of technologies and digital services, including search, the Android smartphone operating system, the Chrome browser, Gmail email services, the Google Drive online file storage platform, Google Maps, Google Photos, the Google Play app store, and YouTube.
Founders Larry Page and Sergey Brin announced their resignation from their executive positions in December 2019, with the CEO role being filled by Sundar Pichai, who is also the CEO of Google. Page and Brin will remain employees, board members and controlling shareholders of Alphabet Inc.
03. Saudi Aramco
Market Cap: $2.06 trillion
Country: Saudi Arabia
Revenue: $502 billion
Saudi Aramco is one of the top 10 most valuable companies in the world in 2024 by market cap. It is a Saudi Arabian public petroleum and natural gas company based in Dhahran. It has repeatedly achieved the largest annual profits in global corporate history.
Saudi Aramco has the world’s second largest proven crude oil reserves, more than 270 billion barrels (43 billion cubic metres), and the largest daily oil production of all oil producing companies.
It is the largest contributor to global carbon emissions of any company in the world since 1965. On May 11, 2022, Saudi Aramco became the world’s largest (most valuable) company by market cap, surpassing Apple Inc. Left behind.
Saudi Aramco operates the Master Gas System, the world’s largest single hydrocarbon network. Along with the Eastern Province, Saudi Aramco notably operates the Ghawar Field (the world’s largest onshore oil field) and the Safaniya Field (the world’s largest offshore oil field).
02. Apple
Market Cap: $2.85 trillion
Country: USA
Revenue: $385 billion
Apple is an American multinational technology company headquartered in Cupertino, California, Silicon Valley. It designs, develops, and sells consumer electronics, computer software, and online services. It is one of the five largest American information technology companies, along with Alphabet, Amazon, Meta, and Microsoft.
Apple’s devices include the iPhone, iPad, Mac, Apple Watch, and Apple TV; Operating systems include iOS and macOS; And software applications and services include iTunes, iCloud, and Apple Music.
Apple is the second most valuable company in the world in terms of market capitalization. It is the largest technology company by revenue with US$385.7 billion. As of June 2022, Apple was the fourth-largest personal computer vendor by unit sales, the largest manufacturing company by revenue, and the second-largest manufacturer of mobile phones in the world.
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01. Microsoft
Market Cap: $3.01 trillion
Country: USA
Revenue: $218 billion
Microsoft Corporation (MSFT) is an American multinational technology corporation headquartered in Redmond, Washington. The company is best known for its software products, the Windows line of operating systems, the Microsoft 365 suite of productivity applications, and the Edge web browser.
Its major hardware products are the Xbox video game console and the Microsoft Surface lineup of touchscreen personal computers. The company is deriving much of its profits and revenue from cloud computing services, for which it is the market leader.
Microsoft is the most valuable company in the world by market cap. It is the world’s largest software maker by revenue by 2024.
It is considered one of the five largest American information technology companies, along with Alphabet (parent company of Google), Amazon, Apple, and Meta (parent company of Facebook).
