World Companies by Market Cap 2023
This article will look at the world companies by market cap.
Table of Contents
As of 2023, the world's leading companies by market capitalization continue to be dominated by technology giants, with a few new entrants and shifts in rankings. Among the trillion-dollar companies, Apple, Amazon, Google (Alphabet), Microsoft, and Saudi Arabian Oil (Saudi Aramco) maintain their strong positions but face competition from emerging players in various sectors.
One key metric for measuring a company's success is its market capitalization, which reflects the overall value of a company's outstanding shares. As of this year, a new set of companies have risen to the top while others have fallen behind.
Apple, with a market cap of over $2.5 trillion, is the most valuable company in the world, followed by Microsoft, with a market cap of over $2 trillion. Other companies listed among the top include Saudi Arabian Oil, Alphabet (Google), Amazon, Berkshire Hathaway Inc, and Tesla.
Note that market capitalization is subject to change due to factors such as stock price, number of outstanding shares, and financial performance.
Trillion Dollars Companies by Market Cap as of 2023
Apple Inc. (AAPL), headquartered in Cupertino, California, remains one of the most valuable companies in the world, with a market capitalization exceeding a trillion dollars. Known for its innovative consumer electronics, including the iPhone, iPad, and Mac, Apple continues to drive growth through its hardware, software, and services ecosystem, expanding into new areas such as augmented reality and electric vehicles.
Amazon.com Inc. (AMZN), headquartered in Seattle, Washington, continues to dominate the e-commerce industry and has expanded its presence in various sectors, including cloud computing (Amazon Web Services), digital streaming (Amazon Prime Video), and smart devices (Amazon Echo). With its vast customer base and relentless focus on customer experience, Amazon's market cap remains at the trillion-dollar mark.
Alphabet Inc. (GOOG), the parent company of Google, based in Mountain View, California, remains a global leader in internet-related services, including search, advertising, and cloud computing. Google's dominance in online advertising and its investments in emerging technologies such as artificial intelligence and autonomous vehicles continue to drive its market cap, making it one of the most valuable companies in the world.
Microsoft Corporation (MSFT), headquartered in Redmond, Washington, continues to dominate the technology industry, with its software products such as Windows, Office, and Azure cloud computing services being widely used globally. Microsoft's strategic acquisitions and focus on cloud computing, artificial intelligence, and gaming have helped it maintain its position as one of the world's most valuable companies.
Saudi Arabian Oil Company (Saudi Aramco), based in Dhahran, Saudi Arabia, is the world's largest oil company by production and reserves and remains one of the most valuable companies globally. As a state-owned oil company, Saudi Aramco's market cap is influenced by global oil prices, demand, and geopolitical factors.
Trillion dollars Companies by Market Cap
- Apple
- Amazon
- Alphabet
- Microsoft
- Saudi Arabian Oil
Billion Dollars Companies by Market Cap as of 2023
In addition to the trillion-dollar companies, other notable companies have risen in market cap rankings in 2023. For example, companies in the electric vehicle and renewable energy sectors, such as Tesla Inc., have experienced significant growth driven by increasing demand for sustainable transportation solutions.
Similarly, companies in the healthcare and biotechnology sectors, such as Johnson & Johnson, Pfizer Inc., and Moderna Inc., have gained prominence due to their efforts in developing vaccines and treatments for the ongoing global health crisis.
However, the business landscape is constantly evolving, and market cap rankings are subject to change based on various factors, including economic conditions, technological advancements, regulatory changes, and global events. Companies that can adapt to changing market dynamics and innovate will likely remain leaders in the world's business landscape in 2023 and beyond.
Billion Dollars Companies by Market Cap
- Berkshire Hathaway
- NVIDIA
- Tesla
- META Platforms
- Johnson & Johnson
Worldwide Companies by Market Capitalization in 2023: Top 8
1. Apple (AAPL)
With a market cap of over $2 trillion, Apple is the most valuable company in the world. The tech giant, founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in 1976, is best known for its iPhone, iPad, and Mac products.
- Apple market cap: $2.533 trillion
- Best World Companies Rank: #1
2. Microsoft (MSFT)
Technology giant Microsoft is placed fourth on our list, with a market cap of over $1.8 trillion. Founded in 1975 by Bill Gates and Paul Allen, Microsoft is best known for its Windows operating system and Office software suite.
- Microsoft market cap: $2.110 trillion
- Best World Companies Rank: #3
3. Saudi Arabian Oil Company (75S.F)
With a market capitalization of over $1.9 trillion, Saudi Aramco is the second most valuable company in the world. The state-owned oil company is the world's largest producer of crude oil and natural gas and is responsible for most of Saudi Arabia's oil production. The company operates in over 90 countries and has a strong presence in the global energy market.
- Saudi Aramco market cap: $1.917 trillion
- Best World Companies Rank: #2
4. Alphabet (GOOG)
Holding a market cap of over $1.2 trillion, Alphabet, the parent company of Google, is the fifth most valuable company in the world. Google, the world's most popular search engine, was founded in 1998 by Larry Page and Sergey Brin while they were Ph.D. students at Stanford University.
- Alphabet market cap: $1.344 trillion
- Best World Companies Rank: #4
5. Amazon (AMZN)
With a market capitalization of over $1.0 trillion, Amazon tops the list as the most valuable company in the world. The e-commerce giant, founded by Jeff Bezos in 1994, has grown to become one of the most influential companies in the world, with operations in retail, cloud computing, and streaming media.
- Amazon market cap: $1.002 trillion
- Best World Companies Rank: #5
6. Berkshire Hathaway Inc (BRKA)
With a market capitalization of over $600 billion, Berkshire Hathaway is the seventh most valuable company in the world. The conglomerate, headed by legendary investor Warren Buffett, is involved in many businesses, including insurance, utilities, and retail. The company is known for its strong financial performance and long-term investment strategy.
- Berkshire Hathaway market cap: $697.182 billion
- Best World Companies Rank: #6
7. NVIDIA Corporation (NVDA)
NVIDIA Corporation, a leading technology company specializing in graphics processing units (GPUs) and artificial intelligence (AI), has experienced significant growth in its market cap. NVIDIA's market cap has recently risen to surpass that of Tesla, the electric vehicle (EV) manufacturer. This achievement reflects NVIDIA's strong performance in the technology industry, driven by its innovative GPU technology, expanding presence in AI applications, and increasing demand for its products in various industries, including gaming, data centers, and autonomous vehicles. NVIDIA's market cap growth underscores its position as a key player in the evolving tech landscape.
- NVIDIA market cap: $697.182 billion
- Best World Companies Rank: #7
8. Tesla Inc (TSLA)
Among the top ten is Tesla, with over $500 billion in market capitalization. The electric vehicle and clean energy company, founded by Elon Musk in 2003, has grown to become one of the most valuable companies in the world. Tesla is known for its innovative electric cars, solar products, and energy storage solutions, as well as its ambitious goals of sustainable transportation and energy production.
- Tesla market cap: $572.187 billion
- Best World Companies Rank: #7
Conclusion
In conclusion, as of 2023, the world's business landscape is dominated by trillion-dollar companies such as Apple, Amazon, Google (Alphabet), Microsoft, and Saudi Arabian Oil (Saudi Aramco). These companies have achieved extraordinary market capitalizations due to innovation, market dominance, and global reach in their respective industries. They continue to shape the economy and drive technological advancements, from consumer electronics to e-commerce, cloud computing, and oil production.
Moreover, emerging players in various sectors, including electric vehicles, renewable energy, healthcare, and biotechnology, are rapidly gaining prominence and challenging the established trillion-dollar companies. These companies are capitalizing on changing consumer demands, technological disruptions, and societal trends to disrupt traditional industries and drive growth.
However, market cap rankings are dynamic and fluctuate based on various factors. The business landscape can change rapidly, and companies must continue to innovate, adapt, and stay ahead of the competition to maintain their leadership positions. Global economic conditions, regulatory changes, geopolitical events, and technological advancements can positively and negatively impact companies' market cap rankings.
As the world continues to evolve, companies that demonstrate resilience, agility, and a commitment to innovation will likely remain at the forefront of the global business landscape. Today's trillion-dollar and billion-dollar companies may face challenges and new entrants, making the business landscape an ever-changing and dynamic environment. Companies that can navigate these challenges and continue delivering value to their customers and shareholders are positioned for success in the competitive business world in 2023 and beyond.
Frequently Asked Questions: World Companies by Market Cap
How is market capitalization calculated?
Market capitalization is calculated by multiplying the number of outstanding shares of a company's stock by the current stock price.
Why is market capitalization important?
Market capitalization is important because it measures a company's size and value. It is often used to determine companies' relative sizes and help identify potential investments.
Can a company's market capitalization change?
Yes, a company's market capitalization can change. It can be affected by various factors, including changes in the stock price, the number of outstanding shares, and the company's financial performance.
Are the companies listed above the only ones with high market capitalizations?
No, these are just the top eight companies by market capitalization in 2023. Many other companies with high market capitalization, including Berkshire Hathaway, Visa, and Procter & Gamble.
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List of the Largest Companies in the World rank by Market Capitalization
| Rank | Company | Diff. next | Market Cap | Price | Country |
|---|---|---|---|---|---|
| #1 | Apple Inc.Symbol: AAPL | $326.681 billion more than Microsoft Corporation more by 13.08% | $ 2.824 trillion ($2,824,559,919,104.00) Two Trillion Eight Hundred Twenty Four Billion Five Hundred Fifty Nine Million Nine Hundred Nineteen Thousand One Hundred Four | $179.58 | United States |
| #2 | Microsoft CorporationSymbol: MSFT | $414.729 billion more than Saudi Arabian Oil Co. more by 19.91% | $ 2.497 trillion ($2,497,878,425,600.00) Two Trillion Four Hundred Ninety Seven Billion Eight Hundred Seventy Eight Million Four Hundred Twenty Five Thousand Six Hundred | $335.94 | United States |
| #3 | Saudi Arabian Oil Co.Symbol: 2222.SR | $479.189 billion more than Alphabet Inc. more by 29.88% | $ 2.083 trillion ($2,083,148,652,010.00) Two Trillion Eighty Three Billion One Hundred Forty Eight Million Six Hundred Fifty Two Thousand Ten | $8.61 | Saudi Arabia |
| #4 | Alphabet Inc.Symbol: GOOG | $318.330 billion more than Amazon.com, Inc. more by 24.76% | $ 1.603 trillion ($1,603,958,865,920.00) One Trillion Six Hundred Three Billion Nine Hundred Fifty Eight Million Eight Hundred Sixty Five Thousand Nine Hundred Twenty | $126.63 | United States |
| #5 | Amazon.com, Inc.Symbol: AMZN | $318.104 billion more than NVIDIA Corporation more by 32.88% | $ 1.285 trillion ($1,285,628,231,680.00) One Trillion Two Hundred Eighty Five Billion Six Hundred Twenty Eight Million Two Hundred Thirty One Thousand Six Hundred Eighty | $125.30 | United States |
| #6 | NVIDIA CorporationSymbol: NVDA | $251.688 billion more than Berkshire Hathaway Inc. more by 35.16% | $ 967.523 billion ($967,523,696,640.00) Nine Hundred Sixty Seven Billion Five Hundred Twenty Three Million Six Hundred Ninety Six Thousand Six Hundred Forty | $391.71 | United States |
| #7 | Berkshire Hathaway Inc.Symbol: BRK-A | $20.336 billion more than Meta Platforms, Inc. more by 2.92% | $ 715.835 billion ($715,835,506,688.00) Seven Hundred Fifteen Billion Eight Hundred Thirty Five Million Five Hundred Six Thousand Six Hundred Eighty Eight | $498,927.00 | United States |
| #8 | Meta Platforms, Inc.Symbol: META | $5.784 billion more than Tesla, Inc. more by 0.84% | $ 695.499 billion ($695,499,358,208.00) Six Hundred Ninety Five Billion Four Hundred Ninety Nine Million Three Hundred Fifty Eight Thousand Two Hundred Eight | $271.39 | United States |
| #9 | Tesla, Inc.Symbol: TSLA | $181.187 billion more than Taiwan Semiconductor Manufactur more by 35.63% | $ 689.714 billion ($689,714,888,704.00) Six Hundred Eighty Nine Billion Seven Hundred Fourteen Million Eight Hundred Eighty Eight Thousand Seven Hundred Four | $217.61 | United States |
| #10 | Taiwan Semiconductor ManufacturSymbol: TSM | $33.580 billion more than Visa Inc. more by 7.07% | $ 508.527 billion ($508,527,509,504.00) Five Hundred Eight Billion Five Hundred Twenty Seven Million Five Hundred Nine Thousand Five Hundred Four | $98.05 | Taiwan |
| #11 | Visa Inc.Symbol: V | $11.116 billion more than UnitedHealth Group Incorporated more by 2.4% | $ 474.947 billion ($474,947,092,480.00) Four Hundred Seventy Four Billion Nine Hundred Forty Seven Million Ninety Two Thousand Four Hundred Eighty | $226.77 | United States |
| #12 | UnitedHealth Group IncorporatedSymbol: UNH | $27.979 billion more than LVMH more by 6.42% | $ 463.830 billion ($463,830,843,392.00) Four Hundred Sixty Three Billion Eight Hundred Thirty Million Eight Hundred Forty Three Thousand Three Hundred Ninety Two | $498.19 | United States |
| #13 | LVMHSymbol: MC.PA | $10.166 billion more than Exxon Mobil Corporation more by 2.39% | $ 435.851 billion ($435,851,524,375.00) Four Hundred Thirty Five Billion Eight Hundred Fifty One Million Five Hundred Twenty Four Thousand Three Hundred Seventy Five | $871.67 | France |
| #14 | Exxon Mobil CorporationSymbol: XOM | $3.961 billion more than Eli Lilly and Company more by 0.94% | $ 425.685 billion ($425,685,385,216.00) Four Hundred Twenty Five Billion Six Hundred Eighty Five Million Three Hundred Eighty Five Thousand Two Hundred Sixteen | $105.29 | United States |
| #15 | Eli Lilly and CompanySymbol: LLY | $10.293 billion more than Johnson & Johnson more by 2.5% | $ 421.724 billion ($421,724,028,928.00) Four Hundred Twenty One Billion Seven Hundred Twenty Four Million Twenty Eight Thousand Nine Hundred Twenty Eight | $444.26 | United States |
| #16 | Johnson & JohnsonSymbol: JNJ | $4.969 billion more than JP Morgan Chase & Co. more by 1.22% | $ 411.430 billion ($411,430,944,768.00) Four Hundred Eleven Billion Four Hundred Thirty Million Nine Hundred Forty Four Thousand Seven Hundred Sixty Eight | $158.32 | United States |
| #17 | JP Morgan Chase & Co.Symbol: JPM | $1.661 billion more than TENCENT more by 0.41% | $ 406.461 billion ($406,461,284,352.00) Four Hundred Six Billion Four Hundred Sixty One Million Two Hundred Eighty Four Thousand Three Hundred Fifty Two | $139.09 | United States |
| #18 | TENCENTSymbol: 0700.HK | $1.412 billion more than Walmart Inc. more by 0.35% | $ 404.799 billion ($404,799,975,634.00) Four Hundred Four Billion Seven Hundred Ninety Nine Million Nine Hundred Seventy Five Thousand Six Hundred Thirty Four | $42.25 | China |
| #19 | Walmart Inc.Symbol: WMT | $34.417 billion more than SAMS.EL.0,5SP.GDRS144A/95 more by 9.33% | $ 403.387 billion ($403,387,416,576.00) Four Hundred Three Billion Three Hundred Eighty Seven Million Four Hundred Sixteen Thousand Five Hundred Seventy Six | $149.80 | United States |
| #20 | SAMS.EL.0,5SP.GDRS144A/95Symbol: SSU.F | $ 368.969 billion ($368,969,732,361.00) Three Hundred Sixty Eight Billion Nine Hundred Sixty Nine Million Seven Hundred Thirty Two Thousand Three Hundred Sixty One | $1,357.97 | South Korea |
Showing rank from 1 to 20 of 39208 companies