In 2024, the global business landscape has been shaped by technological advancements, robust consumer demand, and strategic expansions. Here’s a look at the ten biggest companies in the world by market capitalization:
What are the biggest companies in the world in 2024?
1. Microsoft – $3.345 Trillion
Microsoft continues to dominate the tech industry with its extensive portfolio, including cloud computing, software, and hardware. Under the leadership of CEO Satya Nadella, the company’s focus on cloud services with Azure and productivity solutions like Office 365 has driven significant growth. With earnings of $105.26 billion and revenue of $236.58 billion, Microsoft remains a pivotal player in the global market.
2. Apple – $3.233 Trillion
Apple, known for its innovative products such as the iPhone, iPad, and Mac, has maintained its position at the forefront of the technology sector. CEO Tim Cook’s strategy of focusing on premium products and services has paid off, resulting in earnings of $120 billion and revenue of $381.62 billion. Apple’s ecosystem, including the App Store, Apple Music, and iCloud, continues to attract a loyal customer base.
3. NVIDIA – $2.949 Trillion
NVIDIA, led by CEO Jensen Huang, has revolutionized the semiconductor industry with its powerful GPUs, essential for gaming, AI, and data centers. The company’s earnings stand at $49.14 billion, with revenue of $60.92 billion. NVIDIA’s role in advancing AI technology and its strategic partnerships have significantly boosted its market cap.
4. Alphabet (Google) – $2.232 Trillion
Alphabet, the parent company of Google, dominates the online advertising market. CEO Sundar Pichai has steered the company towards diverse ventures, including autonomous vehicles (Waymo) and life sciences (Verily). With earnings of $96.14 billion and revenue of $318.14 billion, Alphabet’s expansive digital ecosystem continues to grow.
5. Amazon – $1.951 Trillion
Amazon remains a leader in e-commerce and cloud computing through its Amazon Web Services (AWS) division. CEO Andy Jassy has focused on expanding logistics and digital content. The company’s earnings are $49.42 billion, with a staggering revenue of $590.74 billion. Amazon’s vast product range and Prime membership benefits drive consumer loyalty.
6. Saudi Aramco – $1.807 Trillion
Saudi Aramco, the state-owned oil giant, is a cornerstone of the global energy market. With CEO Amin H. Nasser at the helm, the company reported earnings of $230.48 billion and revenue of $489.43 billion. Aramco’s vast oil reserves and strategic initiatives in petrochemicals and renewable energy bolster its market position.
7. Meta Platforms (Facebook) – $1.268 Trillion
Meta Platforms, formerly Facebook, under CEO Mark Zuckerberg, is pioneering the metaverse while maintaining dominance in social media through Facebook, Instagram, and WhatsApp. The company’s earnings are $54.82 billion, with revenue of $142.71 billion. Meta’s focus on augmented and virtual reality aims to redefine digital interaction.
8. Berkshire Hathaway – $894.85 Billion
Berkshire Hathaway, led by legendary investor Warren Buffett, is a diversified conglomerate with interests ranging from insurance to railroads. The company’s earnings are $96.22 billion, with revenue of $410.93 billion. Berkshire’s prudent investment strategy and diverse portfolio ensure steady growth.
9. TSMC – $873.90 Billion
Taiwan Semiconductor Manufacturing Company (TSMC) is a critical supplier in the global tech supply chain. CEO C.C. Wei has positioned TSMC as a leader in advanced semiconductor manufacturing. The company reported earnings of $37.32 billion, with revenue of $73.86 billion in 2022. TSMC’s cutting-edge technology supports major tech firms worldwide.
10. Eli Lilly – $847.76 Billion
Eli Lilly, a prominent pharmaceutical company, focuses on treatments for diabetes, oncology, and immunology. Under CEO David A. Ricks, the company’s earnings are $6.55 billion, with revenue of $34.12 billion in 2023. Lilly’s innovative drug pipeline and global reach underpin its market capitalization.
Largest Companies in 2024 by Earnings
| Rank | Company | Earnings | Country |
|---|---|---|---|
| 1 | Saudi Aramco | $230.48 B | S. Arabia |
| 2 | Apple | $120.00 B | USA |
| 3 | Microsoft | $105.26 B | USA |
| 4 | Berkshire Hathaway | $96.22 B | USA |
| 5 | Alphabet (Google) | $96.14 B | USA |
| 6 | JPMorgan Chase | $62.93 B | USA |
| 7 | ICBC | $58.25 B | China |
| 8 | Meta Platforms (Facebook) | $54.82 B | USA |
| 9 | China Construction Bank | $53.91 B | China |
| 10 | Amazon | $49.42 B | USA |
Largest Companies in 2024 by Revenue
| Rank | Company | Revenue | Country |
|---|---|---|---|
| 1 | Walmart | $657.33 B | USA |
| 2 | Amazon | $590.74 B | USA |
| 3 | Saudi Aramco | $489.43 B | S. Arabia |
| 4 | Sinopec | $473.53 B | China |
| 5 | PetroChina | $430.65 B | China |
| 6 | Berkshire Hathaway | $410.93 B | USA |
| 7 | Apple | $381.62 B | USA |
| 8 | UnitedHealth | $379.48 B | USA |
| 9 | CVS Health | $360.93 B | USA |
| 10 | Volkswagen | $348.13 B | Germany |
Largest Companies in 2024 by Employee
| Rank | Company | Employee | Country |
|---|---|---|---|
| 1 | Walmart | 2,100,000 | USA |
| 2 | Amazon | 1,525,000 | USA |
| 3 | Foxconn (Hon Hai Precision Industry) | 826,608 | Taiwan |
| 4 | Accenture | 742,000 | Ireland |
| 5 | Volkswagen | 650,951 | Germany |
| 6 | Tata Consultancy Services | 614,795 | India |
| 7 | DHL Group (Deutsche Post) | 589,184 | Germany |
| 8 | BYD | 570,100 | China |
| 9 | Compass Group | 550,000 | UK |
| 10 | United Parcel Service | 500,000 | USA |
Largest Companies in 2024 by Total Assets
| Rank | Company | Total Asset | Country |
|---|---|---|---|
| 1 | ICBC | $6.592 T | China |
| 2 | Agricultural Bank of China | $5.838 T | China |
| 3 | China Construction Bank | $5.502 T | China |
| 4 | Bank of China | $4.661 T | China |
| 5 | Fannie Mae | $4.323 T | USA |
| 6 | JPMorgan Chase | $4.090 T | USA |
| 7 | Freddie Mac | $3.287 T | USA |
| 8 | Bank of America | $3.273 T | USA |
| 9 | HSBC | $3.000 T | UK |
| 10 | BNP Paribas | $2.914 T | France |
Conclusion
These ten companies represent the pinnacle of global business in 2024, leveraging innovation, strategic leadership, and diverse portfolios to maintain their dominance. Their significant contributions to technology, energy, pharmaceuticals, and digital services highlight their critical roles in shaping the future.
These firms not only lead in market capitalization but also set benchmarks for operational excellence, customer engagement, and technological advancement. As they continue to evolve, their impact on the global economy and daily life is profound and far-reaching.
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Source: Largest Companies by Market Cap – Companies Market Cap