What Are The Top 5 Richest Companies?
What Are The Top 5 Richest Companies?
These companies have been in a tough race for the title of the richest company in the world. As per the recent data, the winner is Saudi Aramco, the popular Oil, Natural Gas Company. The market value of a company can change quickly so the positions of companies keep changing.
In 2019, the richest companies in the world by revenue are Wal-Mart, Chinese petroleum and chemical corporation Sinopec and Royal Dutch Shell. While Microsoft was the most valuable enterprise in the world in 2018 and in 2019 Amazon beat Microsoft and reached on top in January 2019.
The list of the world's richest companies presents a glimpse of which countries wield the most economic power and market asset. In this list, the rating is based on market capitalization. It is measured by multiplying the number of sales issues by the company by the value one such share.
Here is the list, answering what are the top 5 richest companies?
Saudi Aramco
Value: $1,685 bln
Industry: Oil and gas production, refining.
Products: Oil, natural gas and other petrochemical products.
Saudi Aramco has become the most expensive or richest company in the world after the successful issue of shares on the stock exchange. In 2019, the oil giant officially published its financial statements. Soon the shares on the Tadawul stock exchange were released and the company's value reached 1.9 trillion dollars.
The company has gone above all its expectations after issuing its shares and its IPO has become one of the most successful in the global business. It is said that Saudi Aramco will be getting huge benefits from numerous mergers, purchases, and expansion across the world.
In particular, Saudi Aramco is focused on becoming a leader in the production of liquefied natural gas. And, today it is among the top oil production and reserve companies.
The Saudi Aramco has branches and subsidiaries in different countries like China, Japan, Russia, the United Arab Emirates, the USA, Great Britain, and more. It has also collaborated with Lukoil, Royal Dutch Shell, Total SA, Sinopec, and others.
Presently, Saudi Aramco the giant brand is owned by the Saudi Arabian government and its office is located in Dhahran.
Microsoft
Value: $1,359 bln.
Industry: software development.
Products: Microsoft Office, Microsoft Windows, Xbox.
The second richest company in the World, Microsoft develops, licenses, and supports a wide assortment of software products, services, and devices.
The major products offered by Microsoft include operating systems, business applications, server applications, software development tools, video games, and many more.
It also offers computers for personal use, tablets, gaming and entertainment consoles, phones, and other intelligent devices and accessories. Moreover, the giant brand also deals in cloud-based solutions through its Azure cloud-computing platform.
The company was founded in 1975 by Bill Gates, who is the richest person in the world. When Microsoft was started that time it was the first software developer that recommended people to use packaged software for home computers. Using packaged software in the computer makes the PC experience user-friendly and intuitive.
Apart from Microsoft's numerous products and technical solutions, the Microsoft Windows operating system was an outstanding offering that brought a kind technical revolution.
As it allowed ordinary users to master PC skills. This innovation is a major factor behind the company's incredible success and huge profits.
Present-day, Microsoft is one of the leading companies in the PC software market. Time-to-time, it comes up with new-generation Windows operating systems, a set of applications to work with documents called Microsoft Office, and different other software programs. The company is headquartered in Redmond, Washington, USA.
Apple
Value: $1,286 bln.
Industry: electronics, information technology.
Products: Personal computers, mobile phones, audio players, tablets, etc.
The third name in the list of top 5 richest companies, Apple was established on 1 April 1976 by Steve Wozniak, Ronald Wayne, and Steve Jobs. It designs and manufactures a range of mobile communication and media devices, personal computers, and portable digital music players.
Additionally, the company also deals with numerous software services, accessories, networking solutions, music and video streaming.
But their greatest success came when the brand launched the line of its mobile products to the world — the iPhone smartphones and iPad tablets. Now-a-day, Apple is popular for its series of iPhones, iPads, and Mac personal computers.
For a long time, Apple had been in the first position among the most valuable companies in the world. But due to the reduced iPhone sales, the company lost its position.
Now the situation is getting better day-by-day and Apple is getting its higher positions back and it has become the third richest company in the world in terms of market capitalization. Besides, Apple continues to be in the first position among the most expensive brands in the world.
Presently, Apple has thousands of offices, brand stores, and service centres across the world with over 132,000 employees. The company headquarters is in Cupertino, California, USA.
Amazon
Value: $1,233 bln.
Industry: Retail business
The American retail company, Amazon is the fourth richest company in the world. It sells and delivers a wide range of goods digitally. On January 7, 2019, the first time, Amazon became the most expensive. Today, it is on fourth positions in the list of 5 richest companies in the world.
The main business stream of Amazon is in selling a range of products. The popularity of service went high because of its high-quality goods, low prices, prompt delivery, and a wide assortment. On this platform, digital users, suppliers, and producers can sell their goods on their own through Amazon's website as an online venue.
This giant brand was established in the year 1994 by Jeff Bezos. The headquarter of the company is in WA, USA. Presently, the company has over 647,500 employees and more than $162 billion in assets. And, the annual turnover of the company is about $232 billion.
Alphabet Inc.
Value: $919 bln.
Industry: Internet.
Alphabet Inc. Or Google is another popular company and among the richest companies in the world. Earlier, Google was the official name of the company but, recently, the company changed its official name to Alphabet.
The reason behind this change was because the company was out of the scope of Google search engine long ago. And today, it owns many other companies also. Present-day, Alphabet is a holding company and the parent of Google Inc., its primary business. Google is headquartered in California.
Sergey Brin and Larry Page are the brains behind this brand; they founded this mega-company in 1998. Today, Alphabet Inc.
Holds about thirty popular services and sub-companies, where Google offers numerous Internet products like Search, Maps, YouTube, Google Cloud, Ads, Commerce, Android, Chrome, and Google Play. It is also involved in advertising, selling digital content, applications, cloud computing services, and hardware products.
And, Alphabet offers smart-home products through Nest, online video gaming through Stadia. Besides, Alphabet is also developing autonomous-driving technology through its Waymo project.
Value: $584 bln.
Industry: Internet
Value: $545 bln.
Industry: Internet
Products: E-commerce, online money transfers, mobile commerce, and online auction hosting,.
Value: $510 bln.
Industry: Internet.
Products: Social networking, web portals, mass media, instant messaging, etc.
Value: $455 bln.
Industry: Internet.
Products: Social networking, mass media, instant messaging, web portals, etc.
Value: $395 bln.
Industry: pharmaceuticals.
Products: producing drugs and medical equipment.
There are multiple parameters by which the richest companies in the world are ranked. These parameters include revenue, profits, market capital, and brand value. Statista.com comes up with the top 10 largest companies in the world by market value.
It includes leading companies with the big stock market in recent times such as Amazon, Alphabet, and Facebook. Forbes follows a different way to find the world's top companies.
It has published the list of leading 100 companies in terms of brand value in 2019. This list covers renowned brands from the world like Facebook, IBM, Toyota, Samsung, and Mercedes-Benz. Apple was in the first position with a brand value of $205.5 billion.
Generally, the evaluation company is measured with market capitalization; annual income and its total assets. Market capitalization is the major factors that present the size of a company. Market capitalization shows the number of shares multiplied by their value.
This is the price at which the owner will sell their company. This might be possible that sometimes the companies are over- or undervalued by the market. So in order to get the real value of a company, focus on its activity from a fundamental point of view.
That's it on the richest companies in the world. We help you find this article interesting and helpful. What do you think about the top 5 richest companies? Have you expected any other name on this list? Let us know in the comment section below.
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