The 10 Largest Companies in the World by Revenue in 2023
Aidaros
18 Aug, 2023
Market capitalization is the total value of a company's outstanding shares. It is calculated by multiplying the number of shares outstanding by the current share price. The following are the top 10 largest companies in the world by market capitalization as of March 8, 2023, according to Forbes:
1- Apple (United States): Apple Inc. is an American multinational technology company, it was founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne. the company specializes in consumer electronics, computer software, and online services. It is one of the Big Five American information technology companies, alongside Amazon, Google, Microsoft, and Facebook. Apple revenue in 2023 is $3.03 trillion.
2- Microsoft (United States): Microsoft Corporation was founded in 1975 by Bill Gates and Paul Allen. It is an American multinational technology company that develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services. It is one of the Big Five American information technology companies, with Amazon, Apple, Google, and Meta. Its revenue is $2.52 trillion.
3- Saudi Aramco (Saudi Arabia): It is the world's largest oil company by production and reserves by revenue of $2.09 trillion in 2023. It is a Saudi Arabian state-owned enterprise headquartered in Dhahran, Saudi Arabia. The company was founded in 1933 as the Arabian American Oil Company (Aramco). Aramco has the largest oil reserves in the world, estimated at 267 billion barrels. The company also has significant natural gas reserves. Aramco's oil and gas production is about 12 million barrels per day.
4- Alphabet (United States): It is an American multinational conglomerate holding company that was founded in 2015 by Google co-founders Larry Page and Sergey Brin. The company is headquartered in Mountain View, California. Alphabet is the parent company of Google, which is the world's largest search engine and online advertising company. Alphabet also owns a number of other businesses, including YouTube, Android, and Calico. The company's name, Alphabet, is a reference to the Greek alphabet, which represents the diversity of the company's businesses. Its revenue in this year is $1.59 trillion.
5- Amazon (United States): Amazon is an American multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It has been referred to as "one of the most influential economic and cultural forces in the world". Amazon was founded in 1994 by Jeff Bezos in Seattle, Washington. Amazon is now the world's largest online retailer, and it also offers cloud computing services, streaming media, and artificial intelligence. Amazon has over 1.5 million employees worldwide, and it operates in over 200 countries and territories. Its revenue is $1.33 trillion.
6- Tesla (United States): Tesla is an American automotive and clean energy company based in Austin, Texas. The company was founded in 2003 by Martin Eberhard and Marc Tarpenning as Tesla Motors, and it was named after Serbian-American inventor Nikola Tesla. Elon Musk became the majority shareholder and CEO in 2004. Tesla designs, manufactures, and sells electric vehicles, battery energy storage systems, and solar roofs. The company's products are sold in over 40 countries. Tesla revenue in 2023 is $1.04 trillion.
7- Berkshire Hathaway (United States): It is an American multinational conglomerate holding company headquartered in Omaha, Nebraska. The company was founded in 1839 as a textile manufacturing company, but it has since diversified into a wide range of businesses, including insurance, railroads, utilities, and consumer goods. The company is controlled by Warren Buffett, one of the most successful investors of all time. Buffett has been the CEO of Berkshire Hathaway since 1965, and he has overseen the company's transformation into a holding company with a market capitalization of over $755 billion.
8- China Mobile (China): It is known as the world's largest mobile network operator by total number of subscribers, with over 1.2 billion customers as of June 2023. It is a Chinese state-owned company headquartered in Beijing. China Mobile provides mobile voice and data services, as well as fixed-line broadband and other telecommunications services. It was founded in 1997 as a merger of several smaller telecom operators. Its revenue is $659 billion.
9- Taiwan Semiconductor Manufacturing Company (TSMC): a Taiwanese multinational semiconductor contract manufacturing and design company, founded in Taiwan in 1987 by Morris Chang. It is the world's most valuable semiconductor company, the world's largest dedicated independent ("pure-play") semiconductor foundry, and its country's largest company, with headquarters and main operations located in the Hsinchu Science Park in Hsinchu. It is majority owned by foreign investors, and the central government of Taiwan is the largest shareholder, with a market capitalization around $608 billion.
10- UnitedHealth Group (United States): an American multinational managed healthcare and insurance company based in Minnetonka, Minnesota. It is the largest health insurance company in the world by revenue, and the largest healthcare company by revenue, and the largest insurance company by net premiums. UnitedHealthcare revenues comprise 78% of the Group's overall revenue with a value of $496 billion. The company was founded in 1977 as a merger of several smaller health insurance companies. It has since grown to become a major player in the healthcare industry, with operations in the United States, Canada, Europe, and Asia.
As you can see, the top 10 companies are all in the technology, energy, or healthcare sectors. This is not surprising, as these are the sectors that are driving growth in the global economy.
The list of the largest companies in the world is constantly changing, as new companies emerge and old ones decline. But one thing is for sure: these companies are all major players in the global economy, and their impact can be felt around the world.
These companies are all major players in their respective industries, and their continued growth and success will have a significant impact on the global economy.
Aidaros
- Bachelor at Civil Engineeing.
- Social Influencer.
- Ex-member at IEM.
- E-Marketing Specialist
