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The Top 100 Most Valuable Brands in 2024

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See this visualization first on the Voronoi app.

This circle graphic shows the 100 most valuable brands in 2024.

The Top 100 Most Valuable Brands in 2024

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Together, the 100 most valuable brands in the world are worth more than $5 trillion.

Brands play an important role in driving shareholder value, yet pinpointing how much a brand is worth can be challenging. Investments in brand could pay dividends for many decades, but because those financial benefits are fairly open to interpretation, most financial regulators don’t usually accept brand assets on balance sheets.

To look at it another way, Apple is missing one of its most valuable assets on its financial reporting—a brand worth $516.6 billion.

This visualization ranks the top 100 brands by brand value, based on the annual global ranking from Brand Finance.

How Do You Value a Brand?

Overall, a brand’s value was calculated by the degree that it generated profits for the company. Brand Finance analyzed individual companies along with their subsidiaries, like in the case of Meta which owns Instagram and WhatsApp.

More details on the methodology can be found at the end of this article.

Ranking the Top Brands, by Value

Here are the most valuable brands globally in 2024:

Ranking
2024
NameCountryValue Annual Change
1Apple🇺🇸 U.S.$516.6B+73.6%
2Microsoft🇺🇸 U.S.$340.4B+77.7%
3Google🇺🇸 U.S.$333.4B+18.5%
4Amazon🇺🇸 U.S.$308.9B+3.2%
5Samsung Group🇰🇷 South Korea$99.4B-0.3%
6Walmart🇺🇸 U.S.$96.8B-14.9%
7TikTok/Douyin🇨🇳 China$84.2B+28.2%
8Facebook🇺🇸 U.S.$75.7B+28.4%
9Deutsche Telekom🇩🇪 Germany$73.3B+16.5%
10ICBC🇨🇳 China$71.8B+3.3%
11Verizon🇺🇸 U.S.$71.8B+6.4%
12State Grid Corporation
of China
🇨🇳 China$71.1B+20.9%
13Instagram🇺🇸 U.S.$70.4B+48.5%
14China Construction
Bank
🇨🇳 China$65.6B+4.7%
15Starbucks🇺🇸 U.S.$60.7B+13.5%
16Agricultural Bank
Of China
🇨🇳 China$60.4B+4.7%
17Mercedes-Benz🇩🇪 Germany$59.4B+1.1%
18Tesla🇺🇸 U.S.$58.3B-12.0%
19Oracle🇺🇸 U.S.$53.1B+34.2%
20Home Depot🇺🇸 U.S.$52.8B-13.6%
21Toyota🇯🇵 Japan$52.7B+0.3%
22Bank of China🇨🇳 China$50.5B+6.6%
23Shell🇬🇧 UK$50.3B+4.3%
24Moutai🇨🇳 China$50.1B+0.7%
25AT&T🇺🇸 U.S.$49.3B-0.7%
26Costco🇺🇸 U.S.$48.4B+3.9%
27UnitedHealthcare🇺🇸 U.S.$47.6B+28.4%
28Allianz Group🇩🇪 Germany$46.9B-3.0%
29Disney🇺🇸 U.S.$46.7B-5.6%
30Nvidia🇺🇸 U.S.$44.5B+162.9%
31Ping An🇨🇳 China$44.4B-0.7%
32China Mobile🇨🇳 China$44.2B+2.0%
33Porsche🇩🇪 Germany$43.1B+17.3%
34WeChat🇨🇳 China$41.8B-16.8%
35Deloitte🇺🇸 U.S.$41.8B+21.0%
36Aramco🇸🇦 Saudi Arabia$41.6B-8.1%
37BMW🇩🇪 Germany$41.0B+1.5%
38accenture🇮🇪 Ireland$40.5B+1.6%
39McDonald's🇺🇸 U.S.$38.0B+3.1%
40Bank of America🇺🇸 U.S.$37.3B-3.6%
41Hyundai Group🇰🇷 South Korea$37.0B+35.6%
42American Express🇺🇸 U.S.$36.5B+7.0%
43Tencent🇨🇳 China$36.1B-5.3%
44Wells Fargo🇺🇸 U.S.$35.8B+8.6%
45Chase🇺🇸 U.S.$35.8B+14.3%
46Mitsubishi Group🇯🇵 Japan$35.5B+1.7%
47Coca-Cola🇺🇸 U.S.$35.0B+4.6%
48UPS🇺🇸 U.S.$34.6B-2.4%
49Volkswagen🇩🇪 Germany$33.8B-0.5%
50Marlboro🇺🇸 U.S.$32.6B-6.3%
51Mitsui🇯🇵 Japan$32.5B+5.8%
52Louis Vuitton🇫🇷 France$32.2B+22.6%
53YouTube🇺🇸 U.S.$31.7B+6.8%
54Citi🇺🇸 U.S.$31.4B+2.8%
55Huawei🇨🇳 China$31.1B-29.8%
56NTT Group🇯🇵 Japan$31.1B-15.1%
57EY🇬🇧 UK$30.8B+20.0%
58J.P. Morgan🇺🇸 U.S.$30.8B-3.3%
59CVS🇺🇸 U.S.$30.2B-1.1%
60Xfinity🇺🇸 U.S.$30.0B+4.5%
61CSCEC🇨🇳 China$30.0B-6.1%
62Nike🇺🇸 U.S.$29.9B-4.6%
63Uber🇺🇸 U.S.$29.7B+27.6%
64Tata Group🇮🇳 India$28.6B+8.5%
65FedEx🇺🇸 U.S.$28.6B-1.0%
66PetroChina🇨🇳 China$28.5B-3.9%
67Sinopec Group🇨🇳 China$28.5B+4.9%
68VISA🇺🇸 U.S.$28.0B-5.4%
69Spectrum🇺🇸 U.S.$27.5B+17.8%
70China Merchants
Bank
🇨🇳 China$26.6B+8.6%
71IBM Group🇺🇸 U.S.$26.4B+0.9%
72Target🇺🇸 U.S.$26.4B-4.5%
73Chanel🇫🇷 France$26.1B+34.5%
74Honda🇯🇵 Japan$25.9B+7.1%
75Wuliangye🇨🇳 China$25.9B-14.5%
76Elevance Health🇺🇸 U.S.$25.5B+28.4%
77SAP🇩🇪 Germany$25.2B+19.3%
78TSMC🇹🇼 Taiwan$25.1B+16.2%
79Lowe's🇺🇸 U.S.$25.0B-20.8%
80PWC🇺🇸 U.S.$24.7B-2.6%
81Siemens Group🇩🇪 Germany$24.4B+13.9%
82SK Group🇰🇷 South Korea$23.1B+2.5%
83LG Group🇰🇷 South Korea$22.9B+7.7%
84Netflix🇺🇸 U.S.$22.8B-5.5%
85Cisco🇺🇸 U.S.$22.8B-4.8%
86Sumitomo Group🇯🇵 Japan$22.5B-5.9%
87Mastercard🇺🇸 U.S.$21.8B-12.2%
88Dell Technologies🇺🇸 U.S.$21.4B-5.2%
89Intel🇺🇸 U.S.$21.3B-7.3%
90Humana🇺🇸 U.S.$21.0B+27.1%
91Ford🇺🇸 U.S.$20.9B-6.1%
92Nestlé🇨🇭 Switzerland$20.8B-7.4%
93Optum🇺🇸 U.S.$20.4B+1.2%
94Orange🇫🇷 France$20.3B+10.2%
95Pepsi🇺🇸 U.S.$20.2B+10.2%
96Taobao🇨🇳 China$20.1B-34.0%
97HSBC🇬🇧 UK$20.0B+1.0%
98General Electric🇺🇸 U.S.$19.8B+2.2%
99CATL🇨🇳 China$19.0B+29.4%
100TD🇨🇦 Canada$19.0B-7.1%

Ranking first overall, the value of Apple’s brand has ballooned by over $217 billion since last year’s ranking.

While iPhone sales have plateaued, the company has been expanding its product lines from wearables to Apple TV. Over 50% of people surveyed by Brand Finance said that their products were worth the price, even though it was expensive.

On the other hand, Tesla’s brand value sank to $58.3 billion, dropping out of the top 10 since last year. This came as new and more affordable electric vehicle (EV) makers saw increasing sales, notably BYD. Supported by strong demand in China’s market, BYD became the world’s bestselling EV company in 2023. In fact, over a third of new cars sold in the country were EVs.

The Fastest Growing Brands

Which brands jumped the most in value?

BrandChange in Ranking 2023-2024Change in Brand Value
Nvidia+87+162.9%
CATL+36+29.4%
Humana+32+27.1%
Hyundai Group+26+35.6%
Chanel+25+34.5%
Elevance Health+19+28.4%
Louis Vuitton+18+22.6%
Uber+18+27.6%
Oracle+16+34.2%
EY+15+20.0%

Nvidia’s brand value soared as investors flocked to AI stocks and demand for memory chips accelerated.

For perspective, tens of thousands of chips are needed for AI models to run in order to simultaneously calculate computational tasks. The company joined the $1 trillion market cap club in late January 2024—the fifth company to do this ever. Not only that, it is worth more than Netflix, Tesla, and Walmart combined.

Most Valuable Brands: U.S. Leads the Pack

In 2024, more than half of the 100 most valuable brands are based in the United States, with a combined value of $3.2 trillion.

CountryTop 100 Total Brand ValueNumber of Brands
🇺🇸 U.S.$3,241.0B51
🇨🇳 China$829.9B19
🇩🇪 Germany$347.1B8
🇯🇵 Japan$200.2B6
🇰🇷 South Korea$182.4B4
🇬🇧 UK$101.1B3
🇫🇷 France$78.6B3
🇸🇦 Saudi Arabia$41.6B1
🇮🇪 Ireland$40.5B1
🇮🇳 India$28.6B1
🇹🇼 Taiwan$25.1B1
🇨🇭 Switzerland$20.8B1
🇨🇦 Canada$19.0B1

China has the second-highest number of companies on the ranking, with TikTok as its most valuable brand, worth $84.2 billion. Interestingly, many of China’s most valuable brands are heavily concentrated in the financial sector.

As a rising economic powerhouse, India’s most valuable brand is Tata Group.

The conglomerate, founded in 1868, spans across 30 companies in multiple sectors, from technology and manufacturing to automotive and steel. Its subsidiary, Tata Technologies, is scheduled to IPO in late 2024 with a $2.5 billion valuation.

With 245 million mobile customers in over 50 countries, Germany’s Deutsche Telekom is the most valuable in Europe, overtaking Verizon as the most valuable telecom brand globally.

Where does this data come from?

Source: Brand Finance Global 500 Report

Important note: The values shown above are brand value calculations as opposed to market capitalization. See below for more details.

How is brand value calculated? Generally speaking, the methodology for calculating “brand value” is a formula that is as follows:

Brand Strength (BSI) x Brand Royalty Rate x Brand Revenues = Brand Value

Brand Strength Index (BSI) looks at brand investment, brand equity, and brand performance. The brand royalty rate is determined based on sector. Lastly, forecast brand-specific revenues are determined based on the proportion of parent company revenues attributable to the brand in question. Brand value itself is discounted to net present value.

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Economy

Economic Growth Forecasts for G7 and BRICS Countries in 2024

The IMF has released its economic growth forecasts for 2024. How do the G7 and BRICS countries compare?

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Faded horizontal bar chart visualization of G7 and BRICS countries' real GDP growth forecasts for 2024.

G7 & BRICS Real GDP Growth Forecasts for 2024

The International Monetary Fund’s (IMF) has released its real gross domestic product (GDP) growth forecasts for 2024, and while global growth is projected to stay steady at 3.2%, various major nations are seeing declining forecasts.

This chart visualizes the 2024 real GDP growth forecasts using data from the IMF’s 2024 World Economic Outlook for G7 and BRICS member nations along with Saudi Arabia, which is still considering an invitation to join the bloc.

Get the Key Insights of the IMF’s World Economic Outlook

Want a visual breakdown of the insights from the IMF’s 2024 World Economic Outlook report?

This visual is part of a special dispatch of the key takeaways exclusively for VC+ members.

Get the full dispatch of charts by signing up to VC+.

Mixed Economic Growth Prospects for Major Nations in 2024

Economic growth projections by the IMF for major nations are mixed, with the majority of G7 and BRICS countries forecasted to have slower growth in 2024 compared to 2023.

Only three BRICS-invited or member countries, Saudi Arabia, the UAE, and South Africa, have higher projected real GDP growth rates in 2024 than last year.

GroupCountryReal GDP Growth (2023)Real GDP Growth (2024P)
G7🇺🇸 U.S.2.5%2.7%
G7🇨🇦 Canada1.1%1.2%
G7🇯🇵 Japan1.9%0.9%
G7🇫🇷 France0.9%0.7%
G7🇮🇹 Italy0.9%0.7%
G7🇬🇧 UK0.1%0.5%
G7🇩🇪 Germany-0.3%0.2%
BRICS🇮🇳 India7.8%6.8%
BRICS🇨🇳 China5.2%4.6%
BRICS🇦🇪 UAE3.4%3.5%
BRICS🇮🇷 Iran4.7%3.3%
BRICS🇷🇺 Russia3.6%3.2%
BRICS🇪🇬 Egypt3.8%3.0%
BRICS-invited🇸🇦 Saudi Arabia-0.8%2.6%
BRICS🇧🇷 Brazil2.9%2.2%
BRICS🇿🇦 South Africa0.6%0.9%
BRICS🇪🇹 Ethiopia7.2%6.2%
🌍 World3.2%3.2%

China and India are forecasted to maintain relatively high growth rates in 2024 at 4.6% and 6.8% respectively, but compared to the previous year, China is growing 0.6 percentage points slower while India is an entire percentage point slower.

On the other hand, four G7 nations are set to grow faster than last year, which includes Germany making its comeback from its negative real GDP growth of -0.3% in 2023.

Faster Growth for BRICS than G7 Nations

Despite mostly lower growth forecasts in 2024 compared to 2023, BRICS nations still have a significantly higher average growth forecast at 3.6% compared to the G7 average of 1%.

While the G7 countries’ combined GDP is around $15 trillion greater than the BRICS nations, with continued higher growth rates and the potential to add more members, BRICS looks likely to overtake the G7 in economic size within two decades.

BRICS Expansion Stutters Before October 2024 Summit

BRICS’ recent expansion has stuttered slightly, as Argentina’s newly-elected president Javier Milei declined its invitation and Saudi Arabia clarified that the country is still considering its invitation and has not joined BRICS yet.

Even with these initial growing pains, South Africa’s Foreign Minister Naledi Pandor told reporters in February that 34 different countries have submitted applications to join the growing BRICS bloc.

Any changes to the group are likely to be announced leading up to or at the 2024 BRICS summit which takes place October 22-24 in Kazan, Russia.

Get the Full Analysis of the IMF’s Outlook on VC+

This visual is part of an exclusive special dispatch for VC+ members which breaks down the key takeaways from the IMF’s 2024 World Economic Outlook.

For the full set of charts and analysis, sign up for VC+.

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