Market capitalization or market cap is essential to determine a company’s total net value and rank in the market 📈. Global investors, market researchers, economists, and regular observers use the current market capitalization of a company to determine its total value and overall size. A companies make the most money or highest market capitalization is often regarded as a top player in the market.🌐
In the ever-evolving global economy, several big companies keep competing to take the highest place and become top-rank companies. 🏆 In this blog post, you will find information about the top 15 richest companies in the world in 2024. The list contains the best 15 companies that make the most money in 2024. Continue reading 📖.
List of the Top 15 Richest Companies in the World in 2024
The compiled list features companies that are considered the biggest businesses in terms of their global market capitalization. Here’s the list.
1. Microsoft
Microsoft is a technology giant that produces the famous Mircosoft Windows operating system and office software programs 💻. Apart from software systems, the company has extended its reach to deliver cloud computing and hardware. The world’s largest company also offers different devices and digital solutions. The basic information of this company includes:
- Market Cap: $3.21 trillion
- Revenue (TTM): $236.6 billion
- Gross Profit (TTM): $165.4 billion
- Five-Year Annualized Return: 29.72%
- Year Founded: 1975
- Current CEO: Satya Nadella
- Year of Foundation: 1975
- Country: USA
2. Apple Inc.
Apple Inc. known for its products like the iPhone, iPad, and Mac is another biggest company in the world in 2024. 📱 The company is operating globally with a network of franchises, service centers, offshore offices, and regional headquarters. Apart from the iconic smartphones and watches, the company offers excellent consumer electronics. The company has its main headquarters in the USA, and Tim Cook is the current CEO. Apple Inc. was founded in 1976 and has a current market capitalization of $3.17 trillion.
3. NVIDIA Corporation (NVDA)
With a total market capitalization of $2.97 trillion, the company produces computer graphics cards, computing and networking solutions 🖥️. The company designs and produces graphics that are being used in supercomputers and workstations with applications across multiple fields. The current CEO is Jensen Huang and the company came into existence in 1993.
4. Amazon.com Inc
Amazon a famous e-commerce company has a total market capitalization of $1.95 trillion 💵 as of 2024 🛒. The company is one of the companies that make the most money in 2024. The main business of this corporation is e-commerce, cloud computing, and advertising services. The company also offers to manufacture electronic devices including Kindle, Fire tablets, Fire TVs, and Echo. The current CEO is Andy Jassy and the company was founded in 1994 in the USA.
5. Alphabet (Google)
Alphabet is the parent company of Google and is one of the biggest companies 🌐 in the world. The company operates the world-revolutionizing search engine, online advertising technologies, and cloud computing. The company also offers famous Gmail services, software, and hardware items. The company portfolio also includes:
- Market Cap: $2.19 trillion
- Revenue (TTM): $318.1 billion
- Gross Profit (TTM): $182.8 billion
- Current CEO: Sundar Pichai
- Year of Foundation: 2015
- Country: USA
6. Saudi Aramco an Oil Company
Aramco is currently the third-largest company in the world in terms of total revenue and is also the national oil company of Saudi Arabia. 🛢️ The oil refinery company operates in the oil and gas sector contributing to the global economy. The company has refineries across the world but the backbone is its oil reserves and strategic location in the Middle East. The oil company holds a total market capitalization of $6.82 trillion.
7. Facebook or Meta
The Meta platform also known as Facebook, is one of the largest companies in the global market in 2024. 📱 The company started with just a single social media platform and extended its business to several other platforms. With a total market capitalization of $1.29 trillion, the company was founded in 2004. Today the Meta platform owns Instagram, Threads, and WhatsApp. Mark Zuckerberg is the current CEO of this company.
8. Berkshire Hathaway
An investment company with a total market capitalization of $882.1 billion 💰and a revenue generation of $369 billion is one of the largest companies in the world in 2024. 📉 The company has investment and insurance as its basic operations. Berkshire Hathaway also operates in the freight rail transportation and utility sectors. The company is one of the largest private employers in the USA. The current CEO is Warren Buffett and the headquarters is located in the USA.
Also See: 20+ Best New Side Hustle Ideas to Earn Extra Money
9. Eli Lilly and Company
Eli Lilly and Company is the next big company on the list with a total market capitalization of $781.92 billion 💊. The American pharmaceutical company spread over 18 countries was founded in 1876 by a chemist called Colonel Eli Lilly. The prime business of this company came from the diabetes drugs known as Humalog and Trulicity. The pharmaceutical company is also known across the globe for its clinical depression drugs called Prozac and Cymbalta.
10. Taiwan Semiconductor Manufacturing Company (TSMC)
TSMC is known for producing the world’s best semiconductors and has a total market capitalization of $729.17 billion 🤑. The company supplies its products to the world’s largest businesses including Apple, AMD, Qualcomm, and NVIDIA. The company also produces key components for a wide range of electronics.
Other Top Richest Companies in the World in 2024
The list of other top companies that make the most money in 2️⃣0️⃣2️⃣4️⃣ is given in the table. Refer to the table to learn about the current market capitalizations and revenue generation of the top companies.
| Company | Market Capitalization | Revenue | Founding Year |
|---|---|---|---|
| Broadcom Inc (AVGO) | $693.05 billion | $38.9 billion | 1961 |
| JPMorgan Chase & Co (JPM) | $550.01 billion | $150 billion | 1799 |
| Visa Inc (V) | $540.87 billion | $34.1 billion | 1958 |
| Tesla Inc (TSLA) | $565.41 billion | $94.7 billion | 2003 |
| Walmart Inc (WMT) | $533.37 billion | $657.3 billion | 1963 |
