Firstly, if you want to know which are the richest companies in the world. Whereas, there are several parameters by which the richest companies in the world are ranked. Whereas, these include market cap, revenue, profits, and brand value. In fact, the list includes leading companies that have made it big in the stock market in recent times such as Facebook, Amazon, and Alphabet. If you want to know about these companies then you can read this full article. In this article, you will find details about the list of Top 10 Richest companies in the world 2020.
List Of Top 10 Richest Companies In The World
Market Cap: 943.57B
First of all, the richest company in the world today is Apple. Americans were thrilled when the announcement was made in August of 2018, that Apple had exceeded a market cap of a trillion dollars. It was a special event in history. Although Apple’s market cap has since fallen, it hasn’t gone down by that much, and that’s just the nature of the market. The cap is still holding steady at 943.57 billion and it’s enough to keep Apple as the richest publicly traded company in the world.
Market Cap: 928.57B
It is the second richest company in the world. Established by Bill Gates, the company is a leader in the computer software and hardware industry and has transformed the world of communication and entertainment with its innovative technologies and programs. The company provides support and enhancement for the internet and has developed widely used operating systems for PCs in the Windows format
Market Cap: 919.65B
Amazon is the third richest company in the world with a market cap that is nearing a trillion dollars. In fact, they are a popular online retail giant and a leader in the e-commerce marketplace. Amazon has seen a steady increase in the value of their stock and as of the last check, they are still on the upswing. Because of Amazon’s convenient online ordering platform, many brick and mortar retailers have closed up shop for good because they could not compete with the retail giant.
Market Cap: 859.25B
Alphabet is the parent company for Google and many other successful businesses. Some of their specialties include internet products and they also have interests in the life sciences, longevity and a variety of businesses that are not related to these industries. It is one of the best companies in the world which is operated by Google.
Market Cap: 521.35B
Berkshire Hathaway Inc is a large holding company which continues to acquire subsidiary companies under its parentage. The company started out in the textile industry and has expanded into manufacturing, banking, publishing, retailing and in the insurance industries. It is a company that was established by Warren Buffet and Charles Munger.
Market Cap: 511.35B
Facebook is a social media company that is internet-based. It started out as a small operation and grew very quickly. It is based out of Menlo Park, California and provides a way for people all over the world to connect in a network of friends and family as well as business accounts set up for the advertising of companies and organizations.
Market Cap: 481.91B
Alibaba Group Holding Limited is an online and mobile commerce company that works through a wide range of subsidiary companies. They are an international company that is based in the People’s Republic of China. The four main sectors of their operations include, innovation initiatives, digital media and entertainment, core commerce and cloud computing. Whereas, the company operates in four segments: Core Commerce, Cloud Computing, Digital Media and Entertainment, and Innovation Initiatives and Others.
Market Cap: 480.78B
Tencent Holdings Ltd is the eighth richest company in the world today and they provide investment services and engage in providing online advertising services for businesses and individuals. They provide mobile and online games and a variety of software development services, trademark licensing, software sales and many other services. They are based out of China.
Johnson & Johnson
Market Cap: 369.1B
This company has been in operation for over thirteen decades in the United States. They offer a wide range of health care products and are one of the most well-known brands in America. Johnson and Johnson products are made for people in every stage of their lives and they bring the world home health care products of all types.
JP Morgan Chase
Market Cap: 363.75B
JPMorgan Chase has a long history of success as an American institution with a long history that goes back more than two centuries. They are a global leader in financial services with a presence in more than 100 markets and assets in the amount of $2.6 trillion. They employ more than 250,000 and have a client base that has grown into the millions. They offer investment banking and other financial services for small businesses and individual consumers in asset management, financial transaction processing, and commercial banking.
These are the list of top 10 richest companies in the World 2020. If you have any queries or any other companies that you would like to add up in the list, then you can feel free to drop it in the comment section below in this article.