Stocks

Ranked: The 50 Most Valuable Companies in the World in 2024

Published

1 week ago

August 28, 2024

Marcus Lu

Graphics/Design:

Miranda Smith

See this visualization first on the Voronoi app.

Use This Visualization

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.

Rank	Company	Industry	Market Cap ($B)
1	🇺🇸 Apple	Technology	$3,454
2	🇺🇸 NVIDIA	Technology	$3,111
3	🇺🇸 Microsoft	Technology	$3,073
4	🇺🇸 Alphabet	Technology	$2,055
5	🇺🇸 Amazon	Technology	$1,842
6	🇸🇦 Saudi Aramco	Energy	$1,803
7	🇺🇸 Meta	Technology	$1,318
8	🇺🇸 Berkshire Hathaway	Conglomerate	$980
9	🇹🇼 TSMC	Technology	$877
10	🇺🇸 Eli Lilly	Healthcare	$856
11	🇺🇸 Broadcom	Technology	$743
12	🇺🇸 Tesla	Automotive	$681
13	🇺🇸 JPMorgan Chase	Financial Services	$624
14	🇺🇸 Walmart	Consumer Goods	$612
15	🇩🇰 Novo Nordisk	Healthcare	$598
16	🇺🇸 UnitedHealth	Healthcare	$542
17	🇺🇸 Exxon Mobil	Energy	$528
18	🇺🇸 Visa	Financial Services	$522
19	🇨🇳 Tencent	Technology	$448
20	🇺🇸 Mastercard	Financial Services	$433
21	🇺🇸 Procter & Gamble	Consumer Goods	$401
22	🇺🇸 Johnson & Johnson	Healthcare	$396
23	🇺🇸 Costco	Consumer Goods	$396
24	🇰🇷 Samsung	Technology	$388
25	🇺🇸 Oracle	Technology	$383
26	🇫🇷 LVMH	Consumer Goods	$381
27	🇺🇸 Home Depot	Consumer Goods	$372
28	🇳🇱 ASML	Technology	$356
29	🇺🇸 AbbVie	Healthcare	$349
30	🇺🇸 Bank of America	Financial Services	$310
31	🇺🇸 Coca-Cola	Consumer Goods	$305
32	🇨🇳 ICBC	Financial Services	$296
33	🇺🇸 Netflix	Technology	$295
34	🇺🇸 Merck	Healthcare	$295
35	🇨🇭 Nestlé	Consumer Goods	$272
36	🇨🇭 Roche	Healthcare	$271
37	🇺🇸 Chevron	Energy	$269
38	🇬🇧 AstraZeneca	Healthcare	$269
39	🇺🇸 Salesforce	Technology	$257
40	🇫🇷 Hermès	Consumer Goods	$257
41	🇩🇪 SAP	Technology	$252
42	🇨🇳 Kweichow Moutai	Consumer Goods	$249
43	🇺🇸 Adobe	Technology	$248
44	🇦🇪 International Holding Company	Conglomerate	$247
45	🇮🇳 Reliance Industries	Conglomerate	$244
46	🇯🇵 Toyota	Automotive	$243
47	🇺🇸 AMD	Technology	$243
48	🇺🇸 Pepsico	Consumer Goods	$242
49	🇨🇭 Novartis	Healthcare	$242
50	🇫🇷 L'Oreal	Consumer 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 trillion 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.