Comparing the listed firms for 2020 and 2021 to the annual list of the most valuable largest companies in the world, not much has changed. The data and statistics demonstrate that the ranking of companies has changed, however, as a result of investors, distribution, management, customers, revenue, share price, and other criteria. Businesses including Netflix, Amazon, and Paypal saw increases in sales. They gained from the COVID-19 pandemic since more individuals now prefer e-commerce, digital payments, and online purchasing. Let’s look at the Top 10 Richest Companies on the planet in 2022.
Top 10 Richest Companies in the World
The majority of the companies on the list are American, although there are also ones from Saudi Arabia, China, Taiwan, and South Korea.
1. Apple Inc – 2.294 Trillion USD
The most valuable corporation in the world is Apple Inc., an American tech company with headquarters in Cupertino with a record market worth of $ 2.294 trillion. With $275 billion in revenue as of 2021, Apple is on the list of the top 10 richest companies. It was established in 1976 by Steve Wozniak, Ronald Wayne, and Steve Jobs, three tech titans.
Beginning with the personal computer sector, Apple later saw tremendous growth when it joined the mobile phone business, thanks to its immense success. Since starting out with computers and iPhones, Apple Inc. has grown to include a wide range of products, including accessories, wearables, iPod tablets, televisions, and more.
2. Saudi Aramco – 2.206 Trillion USD
The second-largest corporation in the world is Saudi Aramco (Saudi Arabian Oil Company), which went public in 2019. Its market valuation is $2.206 trillion. The Saudi government owns Aramco, the second-largest company in the world, and it has proven reserves of 270 billion barrels of crude oil.
Saudi Arabia is one of 13 countries that make up the Organization of the Petroleum Exporting Countries (OPEC), which produces 44% of the world’s oil.
Dahran-based Saudi Aramco was established in 1933 and recently completed an initial public offering (IPO) that raised a record $25.6 billion. The company reported $230 billion in revenue in 2020. Aramco has subsidiaries in a number of foreign countries as well as China, and Japan. As well as Russia, the United Arab Emirates, the United States, and Great Britain. Around 66,800 people work for Aramco across the globe, and the Saudi Arabian government owns 98.5% of the business.
3. Microsoft – 1.979 Trillion USD
Microsoft has a market valuation of $1.979 trillion, making it the third-largest firm in the list of the top 10 richest companies.
The tech giant founded in 1975 by Bill Gates and Paul Allen, currently controls the majority of the world market for personal computer software. The Microsoft Windows operating system was a huge success and brought in enormous profits for the company.
Microsoft has 166,475 employees and a $143 billion revenue, with its corporate headquarters in Redmond, Washington.
4. Alphabet – 1.524 Trillion USD
The parent firm of Google LLC and a number of other subsidiary companies is an American multinational corporation called Alphabet Inc.
With a market worth of $1.524 trillion, Alphabet is the fourth-largest company in the world. It was established in 1998 by Stanford University students Larry Page and Sergey Brin.
Google Inc. held a 91.9% market share as of 2022. of California is the unchallenged leader in the search engine industry globally. In 2021, Alphabet generated $182.5 billion in sales and employed almost 135,000 people worldwide.
5. Amazon – 1.158 Trillion USD
Amazon.com, Inc., an American global technology firm, is the fifth-largest in the world with a market value of $1.158 trillion. In 1994, Jeff Bezos, the richest man in the world, founded Amazon in his garage.
Amazon was first established as an online marketplace company that sold books before growing to sell practically everything needed in modern civilization, including video games, clothing, furniture, shoes, computers, and consumer electronics.
Amazon posted its highest-ever sales of $469 billion in 2021. It makes it the largest Internet company in the world by revenue. In total, 1,608,000 people work for it across the globe.
6. Tesla – 756.87 Billion USD
The leading producer of electric vehicles worldwide is the American energy and automobile business Tesla. The market capitalization for the business is 756.87 billion dollars. It is in the list of the top 10 richest companies in the world.
The business also produces batteries, solar panels, and solar roof tiles to provide green energy. In order to transition all internal combustion vehicles to electric by the year 2020. Tesla and 27 other companies founded ZETA (Zero Emission Transport Association).
Palo Alto-based Tesla Inc. is working since 2003 with Martin Eberhard and Marc Tarpenning. Elon Musk is the organization’s current CEO. He serves as the company’s public face and a major shareholder with a 22% stake in Tesla. In 2009, Tesla released the Roadster, its first car model.
7. Berkshire Hathaway – 615.41 Billion USD
A US-based holding corporation for American conglomerates, Berkshire Hathaway holds large stakes in numerous businesses. When Berkshire Hathaway was established in the year 1839, 182 years ago, it was initially a business that produced textiles.
The company’s chairman and CEO are legendary investor Warren Buffett, who is famous as “The Oracle of Omaha” for his approach to investing.
Berkshire Hathaway is situated in Omaha, Nebraska. As of 2021, had a market value of $615.41 billion and $346.04 billion in sales. The business currently employs 360,000 people. The company’s stock is currently trading for upwards of $450,000 per share, making it the most expensive stock in the whole world.
8. Johnson & Johnson – 479.51 Billion USD
Johnson & Johnson (J&J), an American pharmaceutical company that makes medicines, vaccines, medical devices, and baby care products, has sales of $91.44 billion as of 2021.
Robert Wood Johnson I, James Wood Johnson, and Edward Mead Johnson formed it in 1886. J&J works in 60 different countries and has 250 subsidiary firms.
9. United Health Group – 476.32 Billion USD
UnitedHealth Group (UHG), is a US-based healthcare and insurance business, with a $476.32 billion market worth. UHG was established in 1977 and offers insurance and medical services.
It is the biggest insurance firm in the world in terms of net premiums, with $287 billion in revenue as of 2021. The healthcare organization with headquarters in Minnesota had 330,000 employees as of 2021.
10. Tencent Holdings – 473.22 Billion USD
With a $473.22 billion market valuation, Tencent is a Chinese tech corporation that also operates as a venture firm and an investment holding. Tencent is tenth on the list of the top 10 richest companies in the globe.
This a sizably large firm that engages in a number of different industries besides gaming, including mobile gaming, music, web portals, e-commerce, and Internet services.
Tencent was the first Asian tech company to achieve a $500 billion market valuation in 2018. It was established in the year 1998 by five members: Pony Ma, Zhang Zhidong, Xu Cheney, Chen Yidan, and Zeng Liqing. As of 2021, the company’s revenue exceeded $80 billion, and its headquarters are in Shenzhen’s Nanshan District. With a 700 million monthly active user base, Tencent Music employs 85,800 workers.