Want to know which is the most valuable company in the world in 2024? Most of the companies on the top 10 list generate hundreds of billions of dollars in annual revenue. The world’s largest companies by market capitalization span a variety of market sectors, including technology, communication services, energy, consumer cyclicals, and financial services. Check out the list of the top 10 most valuable companies in the world by market cap here.
Market capitalization, commonly referred to as 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.
Eli Lilly and Company is an American pharmaceutical company headquartered in Indianapolis, Indiana, with offices in 18 countries. Eli Lilly has a market cap of $847 billion making it one of the most valuable companies in the world. It is the 10th most valuable company in the world by market cap.
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 was named after him.
As of 2022, Lilly is best known for its clinical depression drugs Prozac, Cymbalta, and its antipsychotic drug Zyprexa, although its primary revenue drivers are the diabetes drugs Humalog and Trulicity. Lilly’s accomplishments include becoming the first company to mass-produce the polio vaccine and insulin developed by Jonas Salk.
Berkshire Hathaway is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The company’s current revenue is $439 billion according to Berkshire Hathaway’s latest financial reports. Revenue is the total amount of income that a company generates from the sale of goods or services. Unlike earnings, any expenses are not subtracted.
Berkshire Hathaway has a market cap of $880 billion, making it the 9th most valuable company in the world by market cap. Market capitalization, commonly referred to as market cap, is the total market value of a publicly traded company’s outstanding shares and is typically used to measure how much a company is worth.
Founded in 1839 as a textile manufacturer, it underwent extensive restructuring into a conglomerate in 1965 under the leadership of 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 the float in a broad portfolio of subsidiaries, equity positions, and other securities.
Taiwan Semiconductor Manufacturing Company Limited is a Taiwanese multinational semiconductor contract manufacturing and design company. TSMC has a market cap of $931 billion, making it one of the top 10 most valuable companies in the world. This makes TSMC the 8th 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 company in its country, with its headquarters and main operations located in the Hsinchu Science Park in Hsinchu, Taiwan. 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 long been a leading company in its field. It has been listed on the Taiwan Stock Exchange since 1993, in 1997 it became the first Taiwanese company to be listed on the New York Stock Exchange.
07. Meta Platforms – $1.2 trillion
Image: About.fb.com
Market Cap: $1.26 trillion
Country: USA
Revenue: $134 billion
Meta Platform (Facebook) is an American multinational technology conglomerate based in Menlo Park, California. It owns 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, along with the other Big Five companies Alphabet, Amazon, Apple, and Microsoft. Meta is also investing in and building the Metaverse, an immersive virtual world that combines aspects of social media, online gaming, augmented reality (AR), VR, and cryptocurrencies.
Despite efforts in hardware, the company relies on advertising for most of its revenue, projected to be 97.8 percent in 2023. Parent company Facebook rebranded as Meta Platform on October 28, 2021, to “reflect its focus on building the Metaverse,” an integrated environment connecting the company’s products and services.
06. Saudi Aramco – $1.7 trillion
Market Cap: $1.78 trillion
Country: Saudi Arabia
Revenue: $495 billion
Saudi Aramco is one of the top 10 most valuable companies in the world by market cap in 2024. It is Saudi Arabia’s 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, exceeding 270 billion barrels (43 billion cubic meters), and the largest daily oil production among all oil-producing companies.
In addition, it is the largest contributor to global carbon emissions of any company in the world since 1965. Also, on May 11, 2022, Saudi Aramco became the world’s largest company by market cap, surpassing Apple Inc.
Saudi Aramco operates the Master Gas System, the world’s largest single hydrocarbon network. Along 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).
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 Big Five American technology companies Google, Apple, Meta, and Microsoft.
Jeff Bezos founded Amazon on July 5, 1994, from 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 jewelry.
The company has several subsidiaries, including Amazon Web Services that provides cloud computing, self-driving car division Zoox, satellite internet provider Kuiper Systems, and computer hardware R&D provider Amazon Lab126.
In addition, other subsidiaries include Ring, Twitch, IMDb, and Whole Foods Market. Also, Amazon is the second largest company in the world by revenue in 2024.
04. Alphabet – $2.1 trillion
IMAGE SOURCE: ALPHABET INC.
Market Cap: $2.17 trillion
Country: USA
Revenue: $307 billion
Alphabet (Google) is an American multinational technology conglomerate holding company headquartered in Mountain View, California. Alphabet is the world’s 4th-largest technology company by revenue and one of the most valuable companies in the world 2024.
The company was created on October 2, 2015, through a restructuring of Google, and became the parent company of Google and several former Google subsidiaries. It is considered one of the Big Five American information technology companies, along with Amazon, Apple, Meta, and Microsoft.
The company offers a range of technologies and digital services, including search, Android smartphones, the Chrome browser, Gmail 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 resignations from their executive positions in December 2019, with the CEO role to be filled by Sundar Pichai. Page and Brin will remain employees, board members, and controlling shareholders of Alphabet Inc.
03. Apple – $3.2 trillion
Market Cap: $3.28 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 Big Five American information technology companies, along with Alphabet, Amazon, Meta, and Microsoft.
Apple devices include the iPhone, iPad, Mac, Apple Watch, and Apple TV, and operating systems include iOS and macOS. Software applications and services include iTunes, iCloud, and Apple Music. Apple is the third-largest company in the world by market capitalization.
Apple is one of the largest technology companies by revenue, with US$385 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.
Microsoft Corporation 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 consoles and the Microsoft Surface lineup of touchscreen personal computers. The company derives most of its profit and revenue from cloud computing services, for which it is the market leader.
Microsoft is the second most valuable company in the world by market cap. It is also one of the world’s largest software manufacturers. It is considered one of the Big Five American information technology companies, along with Alphabet, Amazon, Apple, and Meta.
NVIDIA Corporation has a market cap of $3.33 trillion making it one of the most valuable companies in the world 2024. This makes NVIDIA the world’s most valuable company by market cap according to our data. It 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 system on chip units (SoCs) for the mobile computing and automotive markets.
The company offers products and platforms consisting of hardware, software, services, and more to serve the gaming, professional visualization, data center, and automotive markets. Nvidia GPUs are also prominently featured in cryptocurrency mining.
Newsletter Updates
Enter your email address below and subscribe to our newsletter
