he 20th anniversary edition of the Global 2000 ranking the world’s largest companies shows just how much has changed since the early years of the 21st century. The top three slots on the list in 2003 belonged to Citigroup, General Electric and American International Group. New York money center bank Citigroup is still ranked in the top 25, but once dominant AIG and GE have fallen far in the rankings. Show Among the companies that have taken their place in the top 10 are this year’s No. 1, JPMorgan, three giant-sized state-owned Chinese banks and technology giants like Apple and Alphabet. JPMorgan, America’s biggest bank with $3.7 trillion in assets, is at the top of the list for the first time since 2011 and has emerged stronger from this spring’s regional banking crisis, with more deposits and an opportunistic acquisition of the failed First Republic Bank. Last year’s No. 1, Warren Buffett’s Berkshire Hathaway, fell to No. 338 due to unrealized losses in its investment portfolio. The Global 2000 ranks the largest companies in the world using four metrics: sales, profits, assets and market value. As a group, the companies on the 2023 list account for $50.8 trillion in sales, $4.4 trillion in profits, $231 trillion in assets and $74 trillion in market value. Cumulative profits, assets and market value are all down slightly from last year, though this is the first time total revenue has surpassed $50 trillion. There are 58 countries represented by the publicly traded companies on the list. The U.S. leads the way with 611 companies on the ranking, and China comes in second with 346 Global 2000 companies. We used the latest 12 months of financial data available to us as of May 5, 2023 to calculate the factors used in our ranking. Which one is the biggest company in the world by market cap? It’s Apple, of course—the enterprise has taken the tech world by storm for decades. Here's a list of the top 10 companies by market cap in 2023 (as of December 4, 2023): Also Read: Top 10 companies in India by market valuation in 2023 Company Sector Market Cap (in USD) 1 Apple Technology $2.974 trillion2 Microsoft Technology $2.783 trillion3 Saudi Aramco Oil & Gas $2.145 trillion4 Alphabet (Google) Technology $1.658 trillion5 Amazon E-commerce $1.519 trillion6 Nvidia Technology $1.156 trillion7 Meta PlatformsSocial Media $834.76 billion 8 Berkshire Hathaway Diversified Investments$777.30 billion 9 Tesla Automotive $759.22 billion10 Eli Lilly Pharmaceuticals $554.43 billionHere, we take a more detailed look at the top 10 companies by market cap we reviewed in the table above. Also Read: The top 10 richest people in the world in 2023 Apple
Apple Inc. is the biggest company in the world by market cap. The company is renowned for its groundbreaking products, such as the iPhone, iPad, and Mac, and they consistently push the boundaries of technology innovation. The company's commitment to innovation and high-quality design has made it a consumer favourite and a titan among the top companies by market cap. Microsoft
Microsoft Corporation offers many products and services, including its flagship Windows operating system and Office software suite. Microsoft's influence extends beyond software, with ventures into cloud computing and hardware, solidifying its place among the largest companies by revenue. Also Read: The top 10 largest economies in the world in 2023 Saudi Aramco
Saudi Aramco operates in the oil and gas sector. With the third biggest market cap across the globe at the moment, it is the backbone of Saudi Arabia's economy. Saudi Aramco's vast oil reserves and strategic location in the Middle East contribute to its position among the global market leaders. Alphabet (Google)
Google's parent company, Alphabet Inc., has a diverse portfolio that includes search engines, online advertising technologies, cloud computing, software, and hardware. Google's ubiquitous presence in the digital world contributes to Alphabet's position among the top companies by market cap. Also Read: The 10 most followed Instagram accounts in the world in 2023 Amazon
Amazon.com Inc. is the world's largest e-commerce company. It has diversified into cloud computing, digital streaming, and artificial intelligence. Amazon's extensive product offerings and its dominance in online retail make it a key player among the top companies by market cap. Nvidia
Nvidia has gained widespread popularity recently as its profits buoyed above most industry contemporaries in the previous quarter of 2023. The company has always been a leader in making stand-alone GPUs; its GPUs or graphics processing units are integral for generative AI platforms like OpenAI’s ChatGPT and Google’s Bard. Also Read: The 10 largest banks in the world in 2023 Meta Platforms (Facebook)
Facebook Inc., renamed Meta Platforms, is a social media giant. It owns multiple platforms, including Instagram, WhatsApp, and the Oculus Metaverse. Meta aims to push the concept of the metaverse into the mainstream, promoting a virtual 3D place that’d offer lifelike experiences. Thus, Meta’s Oculus division brings a seamless virtual experience where users can participate in real-world activities. Berkshire Hathaway
Berkshire Hathaway Inc. is a diversified investment company. It owns many businesses and is led by Warren Buffett, one of the world's most successful investors. Berkshire Hathaway's diverse portfolio and strong leadership contribute to its high market cap.\ Tesla
Tesla Inc., an automotive and energy company, is known for its electric vehicles and clean energy products. Tesla's commitment to sustainable energy solutions and innovative approach to automotive design has made it a leader in its sector. Eli Lilly
Eli Lilly and Company is an American pharmaceutical company founded in 1876 by Colonel Eli Lilly. It is headquartered in Indianapolis, Indiana, and has offices in 18 countries. Its products are sold in approximately 125 countries. TSMC
Taiwan Semiconductor Manufacturing Company (TSMC) is a leader in the semiconductor industry. It is the world's largest dedicated independent (pure-play) semiconductor foundry. TSMC's advanced manufacturing capabilities and role in supplying key components for a wide range of electronic devices make it a key player among the top companies by market cap. HSBC Holdings plc
HSBC Holdings is a multinational banking and financial services company headquartered in London, UK. It is one of the largest banking and financial services companies in the world, with operations in over 80 countries and territories. FAQsQ.1. What is the market cap of $1 billion? A market cap of $1 billion indicates that the total value of all a company's shares of stock is worth $1 billion. Q.2 What factors contribute to a company's market cap? A company's market cap is determined by the total value of its outstanding shares of stock. This value is influenced by the company's current stock price, which can be affected by various factors, including the company's earnings, the economy, and investor sentiment. Q.3 How often does the list of top companies by market cap change? The list of top companies by market cap can change as frequently changing stock prices influence it. These changes can occur daily, and the list can look quite different from year to year. What is the largest company by market cap 2023?Top 10 Companies by Market Cap in 2023. What is the 100 biggest company in the world?Largest Companies by Market Cap. What are the top companies in the world 2023?Microsoft, Apple, Alphabet (the company that owns Google) and Meta Platforms (formerly Facebook) were the top four companies in new statistical ranking of 750 of the world's best companies by Statista and TIME, which are based on a formula of revenue growth, employee-satisfaction surveys, and rigorous environmental, ... Which company has the biggest revenue in 2023?This list comprises the world's largest companies by consolidated revenue, according to the Fortune Global 500 2023 rankings and other sources. American retail corporation Walmart has been the world's largest company by revenue since 2014. |
