The 50 Most Valuable Companies in the World in 2024
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Market
capitalization (market cap) is a common measure of a company’s value as determined
by the stock market. This is because it can be easily calculated by multiplying
the company’s outstanding shares by its current stock price.
In
this graphic, we present the world’s 50 most valuable companies by market cap in
2024, based on Aug. 26 data from Companiesmarketcap.com.
Companies
in this graphic are color-coded by industry, highlighting the dominance of the tech
sector in global stock markets.
Data
and Highlights
All
of the data we used to create this graphic is included below.
|
Rank |
Company |
Industry |
Market Cap ($B) |
|
1 |
Apple |
Technology |
$3,454 |
|
2 |
NVIDIA |
Technology |
$3,111 |
|
3 |
Microsoft |
Technology |
$3,073 |
|
4 |
Alphabet |
Technology |
$2,055 |
|
5 |
Amazon |
Technology |
$1,842 |
|
6 |
Saudi Aramco |
Energy |
$1,803 |
|
7 |
Meta |
Technology |
$1,318 |
|
8 |
Berkshire Hathaway |
Conglomerate |
$980 |
|
9 |
TSMC |
Technology |
$877 |
|
10 |
Eli Lilly |
Healthcare |
$856 |
|
11 |
Broadcom |
Technology |
$743 |
|
12 |
Tesla |
Automotive |
$681 |
|
13 |
JPMorgan Chase |
Financial Services |
$624 |
|
14 |
Walmart |
Consumer Goods |
$612 |
|
15 |
Novo Nordisk |
Healthcare |
$598 |
|
16 |
UnitedHealth |
Healthcare |
$542 |
|
17 |
Exxon Mobil |
Energy |
$528 |
|
18 |
Visa |
Financial Services |
$522 |
|
19 |
Tencent |
Technology |
$448 |
|
20 |
Mastercard |
Financial Services |
$433 |
|
21 |
Procter & Gamble |
Consumer Goods |
$401 |
|
22 |
Johnson & Johnson |
Healthcare |
$396 |
|
23 |
Costco |
Consumer Goods |
$396 |
|
24 |
Samsung |
Technology |
$388 |
|
25 |
Oracle |
Technology |
$383 |
|
26 |
LVMH |
Consumer Goods |
$381 |
|
27 |
Home Depot |
Consumer Goods |
$372 |
|
28 |
ASML |
Technology |
$356 |
|
29 |
AbbVie |
Healthcare |
$349 |
|
30 |
Bank of America |
Financial Services |
$310 |
|
31 |
Coca-Cola |
Consumer Goods |
$305 |
|
32 |
ICBC |
Financial Services |
$296 |
|
33 |
Netflix |
Technology |
$295 |
|
34 |
Merck |
Healthcare |
$295 |
|
35 |
Nestlé |
Consumer Goods |
$272 |
|
36 |
Roche |
Healthcare |
$271 |
|
37 |
Chevron |
Energy |
$269 |
|
38 |
AstraZeneca |
Healthcare |
$269 |
|
39 |
Salesforce |
Technology |
$257 |
|
40 |
Hermès |
Consumer Goods |
$257 |
|
41 |
SAP |
Technology |
$252 |
|
42 |
Kweichow Moutai |
Consumer Goods |
$249 |
|
43 |
Adobe |
Technology |
$248 |
|
44 |
International Holding Company |
Conglomerate |
$247 |
|
45 |
Reliance Industries |
Conglomerate |
$244 |
|
46 |
Toyota |
Automotive |
$243 |
|
47 |
AMD |
Technology |
$243 |
|
48 |
Pepsico |
Consumer Goods |
$242 |
|
49 |
Novartis |
Healthcare |
$242 |
|
50 |
L'Oreal |
Consumer Goods |
$236 |
Altogether,
the world’s top 50 companies represent $34 trillion in market cap. The largest industries
within this top 50 are Technology ($19.3T) and Healthcare ($3.8T).
Tech’s
dominance is largely due to America’s trillion-dollar companies like Apple and Nvidia,
though other countries are represented here as well. This includes Taiwan’s TSMC,
whose NYSE-listed shares have climbed over 60% YTD in 2024.
China’s
most valuable company, Tencent, is also present here. Tencent is currently valued
at around $450 billion—significantly lower than its peak valuation of $916 billion
in February 2021.
Berkshire
Hathaway Nears The $1 Trillion Mark
Looking
elsewhere in this graphic, we can see that Conglomerates represent $1.5 trillion
in market cap. A conglomerate is typically a large company that owns controlling
stakes in many other companies.
The
most valuable company of this type is Warren Buffett’s Berkshire Hathaway, which
is very close to becoming the newest trillion-dollar stock. Over the past five years,
its shares have climbed nearly 130%.