In the capitalist world we occupy, businesses make the kind of jaw-dropping money that we can only dream of. The rating for the same is based on market capitalization. It is calculated by multiplying the number of shares issued by the company by the value of one such share. However, the ranking of these companies according to value may come as an unexpected surprise to you. The statistics in this article are relevant as of 20th January 2020.
SO LET’S FIND OUT THE RANKING OF THE TOP 10 BILLION DOLLAR COMPANIES IN 2020
1Saudi Aramco
After successfully issuing its shares on the stock exchange, Saudi Aramco, also known as the Saudi Arabian Oil Company, became the most expensive company in the world. After the release of its shares on the Tadawul stock exchange, the company’s value touched almost 1.9 trillion dollars or $1,880 billion to be exact.
2Apple Inc.
For a long time, Apple was the most valuable company in the world. Disappointing iPhone sales off late made it lose its primacy. However, the situation is much better now: today, Apple is ranked second in terms of market capitalization. Founded by Steve Wozniak, Ronald Wayne, and Steve Jobs in 1976, the company continues to occupy the first position on the most expensive brands’ list. Today the logo is recognized by millions of people as Apple is one of the most successful brands and its value is estimated at $1,397 billion.
3Microsoft
Founded in 1975 by one of the world’s richest men – Bill Gates – this internationally famous corporation was the first software developer that suggested using packaged software for home computers that would thereby make PC experience user-friendly and intuitive. It allowed users to master PC skills easily without any training. The system made the company incredibly successful and made them huge profits. Today, Microsoft is one of the leading companies in the market. Besides, Microsoft produces its own mobile devices and accessories, video, audio, and office equipment. Headquartered in Redmond, Washington, USA, its value is at an estimated $1,247 billion.
4Alphabet Inc.
The internationally famous Internet company, Google, recently changed its official name to Alphabet since the company now has multiple subsidiaries and has comprised of more than just the Google search engine for a long time now. Jointly created by Sergey Brin and Larry Page in 1998, more than thirty popular services and sub-companies are part of their holdings, including AdWords, Android, and YouTube, to name a few. Headquartered in California the company’s value is at an estimated $1,020 billion.
5Amazon Inc.
Ranked fifth in the list of the most valuable companies, Amazon is an American retail company that sells and delivers goods over the internet. Internet users, producers, and suppliers can sell any goods on their own by using Amazon’s website as an online venue. The popularity of their service has soared due to high-quality goods at low prices along with prompt delivery options as well as a wide assortment of options. Established by Jeff Bezos in 1994, Amazon is headquartered in Seattle and is valued at $924.52 billion.
6Facebook
Developed by Mark Zuckerberg in February 2004, Facebook is a social network company that allows people to communicate with their family, friends, and coworkers. Currently visited by more than 2 billion people every day, today Facebook yields more than $22 billion net yearly profit due to online advertising. Its services include a timeline, newsfeed, messages, lists, ticker, and mobile apps. The company also owns Instagram, Messenger, Whatsapp, and Oculus. Founded by Mark Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum and Eduardo P. Saverin on February 4, 2004, Facebook is headquartered in California and is evaluated at $633.49 billion.
7Alibaba
One of the largest virtual trading platforms in China, and the world, Alibaba is attracting the attention of buyers with affordable prices as well as a wide range of goods. Founded by Jack Ma in April 1999, the company provides consumer, business-consumer and business services through web portals, as well as electronic payment services and a search system for customers. Headquartered in Hangzhou, China, the company is evaluated at $610.13 billion.
8Berkshire Hathaway Inc.
Renowned for its permanent owner, American investor, and entrepreneur – Warren Buffett, Berkshire Hathaway has the world’s most expensive stock, priced at $344,970. It’s affiliated companies include GEICO (care insurance), General Re (reinsurance), Berkshire Hathaway Primary Group (insurance), Berkshire Hathaway Reinsurance Group (insurance and reinsurance), BNSF — (railway transport), Berkshire Hathaway Energy (electricity and gas supply) and McLane Company (wholesale commerce). Over 40,000 shareholders took part in the 2015 annual meeting, earning it the facetious nickname “Woodstock for Capitalists.”
The company is headquartered in Omaha, Nebraska, USA and is evaluated at $562.39 billion.
9Tencent
A venture company, a conglomerate, an investment holding, and one of the largest companies in the gaming industry, all packed into one, Tencent is a Chinese giant founded in 1998. Its services include social networks, mobile games, music, web portals, payment systems, e-commerce, Internet services, smartphones, and multiplayer online games, which are among the largest and most successful in the world in their respective categories. Headquartered in Nanshan District, Shenzhen the company is evaluated at $492.9 billion.
10Visa Inc.
An international company that conducts payment transactions and bank transfers between financial institutions, Visa was founded in 1958. The second-largest payment system in the world based on issued cards and transaction data, you can pay with Visa cards in more than 200 countries. Most of the company’s transactions are processed using the VisaNet electronic payment network. The company has four centers for processing these transfers, which are located in Colorado, Virginia, London, and Singapore. Headquartered in San Francisco, California, the company is evaluated at $441.61 billion.
Dreaming of making big bucks? Take inspiration from these top billion-dollar companies and their road maps to success, thus paving your own to the same!