What is the richest company in the world? or the most valuable company in the world in 2020 by market capitalization?
Over the past decades and centuries, some corporations and firms have through sheer diligence, hard work and the enormous amount of resilience built their brands from the scratch up to the global center stages that they sit on today.
These companies have influenced the world one way or the other in their offerings and in the services they give out.
This article centers on the top 10 richest companies in the world by market capitalization and revenue as estimated by Stastica.com.
By market capitalization, we mean the net market value of these companies after their total outstanding shares have been multiplied by the price value of one share.
This also makes them the most valuable companies in the world as of 2019.
Their market capitalization values are in billions of U.S dollars.
We present to you list of the richest companies in the world for 2020
Apple Inc. (Market Cap: $926.9 Billion)
Industry: Information Technology, Electronics
When three dogged gentlemen; Steve Jobs, Steve Wozniak and Ronald Wayne allied resources both intellectually and financially to create the Apple Inc. in 1976, they probably had no inkling it would metamorphose into the world’s most valuable corporation.
They were just a bunch of tech geeks doing what they loved most except for the fact that they included perseverance and some other philosophies to succeed which they created for themselves.
READ ALSO: Top 10 Richest Men in Nigeria
They started out with the assemblage of home computers and manufacturing of their own model of PCs.
Their big break would come when they ventured into the manufacturing of Apple smartphones, smartwatches, and tablets.
Headquartered in California U.S.A and with 132, 000 employees, Apple is the richest enterprise on the planet.
Amazon (Market Cap: $802 Billion)
Jeff Bezos today is the world’s richest man alive.
His story began in 1994 when he birthed his conceived idea of ‘Amazon’ which is named after the world’s most luxurious rain forest in Brazil.
His company is focused on the retail business line.
Basically, Amazon exists as an online store where just anyone can sell their goods by registering and agreeing to the terms and conditions that will be supplied to them.
It’s also an e-mall where you can purchase a variety of goods (over 200 million products) and have them shipped to your location anywhere under the sun.
The company has a mortar and brick presence in Seattle, Washington, U.S.A which is their world headquarters and has over 230, 000 employees on its payroll.
Alphabet (Market Cap: $766.4 Billion)
Formerly known as Google Inc., but due to expansion and creation of other sub-companies, the named changed to Alphabet.
Alphabet runs the largest search engine in the world which have been an invaluable source of information to virtually everyone that uses the internet in the world.
Many have imagined life without Google and shrugged at the ugly outcome.
Out there at the Silicon Valley in the United States are two gentlemen to appreciate whose ingenuity and dexterity made this possible.
They are Sergey Brin and Larry Page and the year was 1998 when they allied and formed Google.
If you’re probably using an android phone to view this then you are using a product from Alphabet and if you also enjoy watching or downloading videos from YouTube, you are a great patron of Alphabet.
Headquartered in California, U.S.A, Alphabet is about the most prodigious internet company in the world.
Microsoft (Market Cap: $750.6 Billion)
Industry: Software Development
Having monopolized the prestigious position as the world’s richest man for many years, this list will be abridged if his company wasn’t here.
He is Bill Gates; a name that surely rings a bell in every clime in the world and the company is Microsoft.
In 1975, Bill gates; a Harvard drop-out, founded Microsoft.
He began by building software that will be used in home computers to improve user-friendliness.
The name of the software is Windows which is an operating system and was even used in scribbling this article.
This company is arguably the biggest and richest software company in the world and Mr. Gates is still in the list of the Top 10 Richest Men in the world.
Microsoft is headquartered in Redmond, Washington, U.S.A.
Facebook (Market Cap: $541 Billion)
Another Harvard drop-out is on the list.
He’s the youngest billionaire amongst the world’s top 10 rich list.
In February 2004, Mark Zuckerberg and some of his friends founded Facebook as a social media platform where they and the rest of their colleagues could hangout online often whenever they were outside the walls of Harvard.
The success of this venture led him to drop out of Harvard and today, Facebook is the largest social media network in the universe.
It is estimated that over 1.86 billion people visit Facebook daily.
The company has acquired other social media platforms like WhatsApp and Instagram.
Headquartered in Menlo Park, California, U.S.A, without Facebook, most of us wouldn’t have been able to catch up with some old school friends.
Alibaba Group (Market Cap: $499.4 Billion)
Alibaba was founded by a Chinese named Jack Ma Yun in 1999.
The company is into online money transfers, e-commerce, retail, internet, technology, and online auction hosting but the company is known worldwide for its online trading platform: Alibaba.com, where thousands of goods are merchandized daily from all around the world.
The company also owns Aliexpress.com where Chinese marketers can sell their goods across the world.
The company also owns the Taobao marketplace which is China’s largest online shopping platform. Its headquarters is in Hangzhou, China.
Berkshire Hathaway (Market Cap: $499.4 Billion)
Industry: Finance, Insurance, Transportation, Utilities, Food Products.
Founded by one of the world’s richest men; Warren Buffet, the Berkshire Hathaway is a giant business conglomerate with interests in a number of services and products.
The company was founded in 1839 in the U.S making it one of the oldest in the world.
The following companies are subsidiaries of the Berkshire Hathaway group: Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, McLane Company and BNSF (railway transport). Its headquarters is in Omaha, Nebraska, U.S.A.
Tencent (Market Cap: $400 Billion)
Tencent is a Chinese Conglomerate that specializes in social networking, gaming, mass media, instant messaging, artificial intelligence, technology and a host of internet related products and services.
The company was founded in 1998 by Ma Huateng, Xu Chenye, Chen Yidan, Zeng Liquing, and Zhang Zhidong as Tencent Inc.
Tencent is today one of the most valuable company in the world with its headquarters (Seafront Towers) in Nanshan District, Shenzhen, China.
JP Morgan Chase (Market Cap: $387.24 Billion)
This is the biggest bank in the United States and the sixth largest in the World by assets totaling up to $2.5 trillion.
It is also the world’s most valuable bank by market capitalization.
John Pierpont Morgan founded the company in 2000 and in just 19 years, the company has grown so big to become a global banking colossus.
READ ALSO: Top 10 Highest Currencies in Africa
Some of the financial services offered by the company include; asset management, bank underwriting, brokerage services, commercial banking, consumer banking, investment capital, mortgage underwriting and many more.
The headquarters is situated at Madison Avenue, New York, United States.
ExxonMobil (Market Cap: $344.1 Billion)
Industry: Oil and Gas
ExxonMobil came into existence in 1999 when two oil and gas giants; Exxon and Mobil merged together.
Exxon was from the Standard Oil Company of New York while Mobil was from the Standard Oil Company of New Jersey both of which were founded by John D. Rockefeller.
The company is a multinational oil and gas firm and the only oil and gas firm to make it to this list in market capitalization.
The company is also one of the largest oil companies in the world with 37 oil refineries in 21 countries.
Some of its subsidiaries include Esso, Esso Australia, Mobil, Exxon Neftegas, SeaRiver Maritime, Superior Oil and many others.
It is headquartered in Irving, Texas, U.S.A.
It’s your turn now. What’s your thought about our top 10 richest companies in the world?