What is the richest company in the world? If you think tech companies dominate the list, you thought wrong.
There are several parameters by which the richest companies in the world are ranked. These include market cap, revenue, profits, and brand value.
Here are the top 10 richest companies in the world today.
10. Alibaba Group
Annual revenue: $620 BILLION
Employees: 117,600 people.
Alibaba is one of the largest virtual trade platforms in China and the world, luring buyers with both low pricing and a diverse selection of products.
The company, which was founded on April 4, 1999, offers web-based consumer, business-to-business, and commercial services, as well as electronic payment and cloud computing services, and an innovative search system for clients.
The headquarters is located in Hangzhou, China. It was founded by billionaire Jack Ma.China’s biggest e-commerce company had 117,600 employees by the end of March 2020.
Annual revenue: $738 BILLION.
Employees: 63,000 people.
Tencent is a venture capital firm, a conglomerate, an investment holding company, and one of the gaming industry’s largest corporations. This Chinese giant, which was created in 1998, is currently ranked 9th among the world’s most expensive companies.
Social networks, mobile games, music, web portals, payment systems, e-commerce, Internet services, smartphones, and multiplayer online games are among its services, which are among the world’s largest and most successful in their respective areas.
Tencent Seafront Towers’ headquarters are in Shenzhen’s Nanshan District. The corporation employed 63,000 people as of 2019.
Annual revenue: $757 BILLION.
Employees: 52,000 people.
Mark Zuckerberg founded Facebook in February of 2004. Every day, more than 2 billion users access the Facebook social networking site. And a market value of $764 billion for an Internet project is merely an astounding reflection of its popularity.
Due to internet advertising, Facebook now generates a net profit of more than $22 billion each year. Facebook now owns a slew of other well-known initiatives, including Instagram, Messenger, Whatsapp, and Oculus VR.
Facebook employs over 52,000 people and is based in Menlo Park, California.
Industry: Automotive and solar energy.
Annual revenue: $757 BILLION.
Employees: 48,000 people.
Tesla is the world’s largest electric vehicle manufacturer, as well as a solar and battery maker. Tesla and 27 other US corporations created the Zero Emission Transport Association (ZETA) towards the end of 2020, with the goal of promoting the conversion of all US vehicles to electric traction.
There are now various electric vehicle models available from the company, including a sedan, crossover, roadster, and even a huge freight truck.
Tesla was formed in 2003 by Martin Eberhard and Mark Tarpenning, and it wasn’t until 2004 that Elon Musk became the company’s principal investor and chairman of the board of directors. Despite the fact that Musk was not the company’s creator, he was instrumental in its growth and global recognition.
Tesla is headquartered in Palo Alto, California, USA.
6. Alphabet Inc
Annual revenue: $1.2 TRILLION.
Employees: 127,498 people.
Google, the world’s most well-known Internet corporation, recently changed its legal name to Alphabet since it had long outgrown the Google search engine and now controls a slew of other businesses.
The Internet holding is led by Sergey Brin and Larry Page, who co-founded the mega-company in 1998.
The holding includes more than thirty well-known services and subsidiaries, including AdWords, Android, and YouTube, to mention a few.
Google’s headquarters were in Mountain View, California, with 127,498 employees.
5. Delta Electronics
Industry: Electronics and automation.
Annual revenue: $1.4 TRILLION.
Employees: 83,000 people.
Delta Electronics (Thailand) Public Company Limited is a subsidiary of Delta Electronics Inc. It focuses on the production of electrical items such as power supply, industrial and construction automation systems, alternative energy and electric transportation infrastructure, and more.
In 1971, the main firm was established, and in 1988, a regional office in Thailand was established. In terms of market value, the subsidiary now aspires to become the world’s most valuable corporation.
4. Amazon Inc
Industry: The retail industry.
Annual revenue: $1.5 TRILLION.
Employees: 127,498 people.
For the first time on January 7, 2019, Amazon surpassed its opponent, Microsoft, as the most valuable firm in the world. Today, it ranks fourth in the list of the most valuable companies.
Amazon is an online retailer based in the United States that sells and ships a variety of products. Internet users, suppliers, and producers can utilize Amazon’s website as an online marketplace to sell whatever product they choose.
The popularity of the business grew as a result of high-quality goods, reasonable costs, quick delivery, and a diverse selection.
Jeff Bezos launched the firm in 1994. Amazon’s headquarters are in Seattle, Washington, United States.
Industry: Software development
Annual revenue: $1.6 TRILLION.
Employees: 163,000 people.
Microsoft is the world’s third richest company. Bill Gates, one of the world’s richest individuals today, created the worldwide renowned firm in 1975.
Microsoft was the first software company to recommend adopting bundled software for home PCs to make the PC experience simple, user-friendly, and intuitive at the time.
The Microsoft Windows operating system was created as a result of this program. The company’s success and earnings skyrocketed as a result of this system.
Microsoft is now one of the most well-known names in the PC software industry. Microsoft now provides operating systems for desktops, servers, phones, and smart devices, as well as productivity apps, business solution apps, management and development tools, games, and many more products.
2. Apple Inc
Industry: Electronics, information technology.
Annual revenue: $2.2 TRILLION.
Employees: 132,000 people.
Apple was the most valuable firm in the world for a long time. However, it has lost its prominence as a result of the dismal iPhone sales. Yet the situation is much better now: the company is winning its positions back.
Many people remember the Apple logo today, as the firm has grown to become the most successful brand in the world. Experts from rating agencies estimate its worth at $2,213 billion.
Steve Wozniak, Ronald Wayne, and Steve Jobs founded the firm on April 1, 1976. Initially, the trio worked on assembling home computers and developing proprietary PC models. However, its greatest triumph occurred only a few years ago, when Apple introduced the world to its range of mobile products, the iPhone handsets and iPad tablets.
Smartwatches, PCs and laptops, tablets and smartphones, and other items are among the company’s current offerings. However, great quality, elegant design, and Steve Jobs’ brilliant marketing program are the hallmarks of “apple” gadgets’ popularity.
With approximately 132,000 employees worldwide, the corporation now includes thousands of offices, brand stores, and service centers. Apple is headquartered in Cupertino, California, USA.
1. Saudi Aramco
Industry: Oil and gas production, refining.
Annual revenue: $2.4 TRILLION.
Employees: 79,000 people.
Saudi Aramco (Saudi Arabian Oil Firm) became the most valuable company in the world after a successful stock exchange offering. It was the first company to disclose its financial statements in 2019. The company’s valuation nearly hit 1.9 trillion dollars shortly after the shares were released on the Tadawul stock exchange.
The oil giant’s initial public offering (IPO) was one of the most successful in history, exceeding all expectations.
The corporation wants to be a leader in the production of liquefied natural gas in particular. Saudi Aramco is now regarded as one of the world’s top oil producers and reserves.
China, Japan, Russia, the United Arab Emirates, the United States, the United Kingdom, and other nations already have SA branches and subsidiaries. Lukoil, Royal Dutch Shell, Total SA, Sinopec, and others are among the company’s partners.
The Saudi Arabian government currently owns the corporation. The company’s headquarters are in Dhahran.
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