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.
RankCompanyIndustryMarket Cap ($B)
1 AppleTechnology$3,454
2 NVIDIATechnology$3,111
3 MicrosoftTechnology$3,073
4 AlphabetTechnology$2,055
5 AmazonTechnology$1,842
6 Saudi AramcoEnergy$1,803
7 MetaTechnology$1,318
8 Berkshire HathawayConglomerate$980
9 TSMCTechnology$877
10 Eli LillyHealthcare$856
11 BroadcomTechnology$743
12 TeslaAutomotive$681
13 JPMorgan ChaseFinancial Services$624
14 WalmartConsumer Goods$612
15 Novo NordiskHealthcare$598
16 UnitedHealthHealthcare$542
17 Exxon MobilEnergy$528
18 VisaFinancial Services$522
19 TencentTechnology$448
20 MastercardFinancial Services$433
21 Procter & GambleConsumer Goods$401
22 Johnson & JohnsonHealthcare$396
23 CostcoConsumer Goods$396
24 SamsungTechnology$388
25 OracleTechnology$383
26 LVMHConsumer Goods$381
27 Home DepotConsumer Goods$372
28 ASMLTechnology$356
29 AbbVieHealthcare$349
30 Bank of AmericaFinancial Services$310
31 Coca-ColaConsumer Goods$305
32 ICBCFinancial Services$296
33 NetflixTechnology$295
34 MerckHealthcare$295
35 NestléConsumer Goods$272
36 RocheHealthcare$271
37 ChevronEnergy$269
38 AstraZenecaHealthcare$269
39 SalesforceTechnology$257
40 HermèsConsumer Goods$257
41 SAPTechnology$252
42 Kweichow MoutaiConsumer Goods$249
43 AdobeTechnology$248
44 International Holding CompanyConglomerate$247
45 Reliance IndustriesConglomerate$244
46 ToyotaAutomotive$243
47 AMDTechnology$243
48 PepsicoConsumer Goods$242
49 NovartisHealthcare$242
50 L’OrealConsumer 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 billion 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%.
Click here to see a breakdown of Berkshire Hathaway’s stock portfolio as of end of Q1 2024.
Learn More on the Voronoi App
If you enjoy graphics like these, check out our smaller top 25 version, which sorts companies by country rather than industry.
The post Ranked: The 50 Most Valuable Companies in the World in 2024 appeared first on Visual Capitalist.