10 most valuable companies in the world in 2024
The largest companies in the world by market capitalization continue to drive innovation and economic growth across various sectors. Fueled by tech dominance and high revenue streams, these multinational corporations represent some of the most valuable brands across technology, media, energy, and other industries.
Market capitalization is considered a measure of business maturity. High-market-cap companies are typically seen as better established, with a greater market presence. Many investors believe that high-market-cap companies have a solid chance of providing reliable returns because they see them as more stable in the face of stock market volatility, with less extreme swings in the market value of their stocks.
Top 10 most largest companies list in below :
10. Eli lilly
Eli Lilly and Company, with a market capitalization of $790.50 billion, is one of the largest pharmaceutical companies globally. The company boasts a significant presence, employing over 33,000 people worldwide and operating production plants in 13 countries.The company’s largest revenue drivers are insulin, antidepressants, and weight-loss drugs. Much of its recent growth has been attributed to the acquisition of Sigilon Therapeutics, Versanis Bio, and DICE Therapeutics in 2023.
09.TSMC (TSM)
Taiwan Semiconductor Manufacturing Co. (TSMC) is Taiwan’s most valuable company. It manufactures, tests, and sells circuits and other semiconductors. These semiconductors are then used in a vast number of technology products, including information applications, communication systems, industrial equipment, and consumer electronics such as PCs, digital TVs, and gaming consoles. TSMC’s products are also used to power AI solutions.
With a market capitalization of $845 billion, TSMC’s advanced manufacturing capabilities and strategic role in supplying critical components for a broad range of electronic devices have solidified its position among the top companies by market cap.
8. Berkshire Hathaway
Berkshire Hathaway is an American multinational investment holding company with a market capitalization of $1.255 trillion. Berkshire Hathaway is a holding company with subsidiaries in a wide range of sectors, including insurance, railroads, energy, manufacturing, wholesale distribution, and finance. Insurance provider Geico is its largest subsidiary by revenue. The company is majority controlled by famed investor Warren Buffet, who became CEO in 1970.
7. Meta Platforms
Meta Platforms, formerly known as Facebook, is a technology company with a market capitalisation exceeding $1.255 trillion. The company is renowned for its social media platforms, including Facebook, Instagram, and WhatsApp, which have become integral parts of modern digital life. While a majority of Meta’s revenue still comes from advertising, it also develops mobile devices, personal computers, virtual reality headsets, software, social media platforms, and apps. Since 2021, Meta has been investing in virtual reality through the metaverse.
6. Saudi Aramco
Saudi Arabian Oil is an energy and chemicals company owned by the Saudi Arabian government. It is the world’s largest oil producer, with operations comprising crude oil and natural gas exploration, production, transportation, and international sales. In 2022, Saudi Aramco became the second-largest company in the world by market value; two years later, it’s still one of the largest market cap companies. . Having a market cap of $1,820 trillion, the significant revenue generated from oil exports, which benefit from fluctuating but generally high oil prices, makes it one of the most profitable entities worldwide. With a massive market capitalisation, Saudi Aramco is the backbone of Saudi Arabia’s economy, and its vast oil reserves and strategic location in the Middle East contribute to its position among the global market leaders.
5. Amazon
Amazon has grown from an online bookseller founded in 1994 into one of the world’s largest companies including diverse business lines in e-commerce, cloud computing, entertainment and more.
Now valued at over $1.74 trillion in market capitalization, Amazon expanded through major acquisitions (Whole Foods Market), new services (Amazon Web Services), consumer products (Amazon Echo) and content (Prime Video)
4. Alphabet
Alphabet Inc. was formed in 2015 as the parent holding company of Google and its subsidiaries. It is one of the top five American information technology companies and has a market capitalisation of $2.177 trillion. Originating from a search engine startup in 1998, Google quickly grew into the world’s most popular search engine and launched successful offerings like online video giant YouTube, the Android mobile operating system, and Gmail. Under the Alphabet umbrella, Google has continued expanding into areas like smart home tech, self-driving cars, and cloud services while facing antitrust lawsuits over its significant market power
3. NVIDIA Corporation
Nvidia has evolved from a startup founded in 1993 specializing in graphics processing units (GPUs) for PCs and video games into a leading computing platform company powering cutting edge technologies. The surge in AI applications and cryptocurrency mining has driven demand for NVIDIA’s technology, positioning the company as a critical player in the tech industry. With a market capitalisation of $3.011 trillion, NVIDIA’s GPUs are used by some of the world’s largest companies, including Microsoft, Amazon, and Google, and are also integrated into popular video games like Fortnite and Call of Duty.
2. Apple
Apple is the most valuable company globally with a market capitalisation of over $3.03 trillion. Apple has cemented itself as one of the world’s most influential and profitable companies since its founding by Steve Jobs in 1976. Known for its innovative designs, high-quality products like the iPhone and Mac, and being driven by a growing ecosystem of services, innovations in augmented reality (AR) and its expanding role in health technology have solidified Apple’s position.
1. Microsoft
Microsoft has evolved from a company dominating the personal computing market to a diversified technology giant shaping the future across cloud, software, and AI. Founded in 1975, Microsoft rose to prominence through its Windows operating systems and Office software suite before expanding into areas like gaming, search, and business services. With over $200 billion in annual revenue, Microsoft remains one of the world’s most valuable companies by market capitalization at over $2.9 trillion.
