Forbes Worlds Billionaires List 2022: The Top 200

Volkswagen also manufactures and sells vehicles under other well-known names like Porsche, Audi, Ducati, and Lamborghini. Even though this company’s headquarters are based in Germany, they have 70 locations worldwide that manufacture its products, including its engines and turbomachinery. China is this oil company’s largest client, so it makes sense that they are investing more in setting up operations in the country.

Oracle is the world’s second-largest software company, providing a wide variety of cloud computing programs as well as Java and Linux code and the Oracle Exadata computing platform. Oracle has acquired numerous large companies over its history, such as Sun Microsystems and Cerner. With so much of their wealth in publicly traded stocks, the net worth of the richest fluctuates along with the market valuations of the companies they own. Below are the 10 wealthiest people on the planet, according to the Bloomberg Billionaires Index. Even if you’ve never heard of some of the companies on this list, they’re the best at what they do and are recognized worldwide for their financial accomplishments. In addition, almost every company on this list started small and has grown to be one of the richest businesses in the world today.

“It’s not the mega event that it was just two or three years ago. It shows that Big Tech is in an unmatched position coming out of the pandemic.” Basic materials and industrials, both cyclical sectors, were high performers in the top 100 and outperformed their respective industry indexes. Technology companies also outperformed, and accounted for $255 billion or 31% of all shareholder distributions by the top 100, far more than any other sector.

#142 Charles Schwab Corporation

The richest companies globally have outstanding shares, total assets, and the highest revenue despite all the circumstances. Financial experts apply different measures to know the value of the world’s largest company. Big Tech had a tough year, laying off tens of thousands of workers since January.

Additional services include investments, private banking, asset management, financial market services, cash management, loans, and more. They maintain a presence worldwide in the Americas, Europe, Africa, the Middle East, and throughout Asia-Pacific. China Construction Bank Corporation prides itself on creating meaningful customer relationships, from individuals to the most successful companies. The bank also owns branches, including China Construction Bank Limited, China Construction Bank International, Sino-German Bausparkasse Co. You can find locations worldwide in cities like Tokyo, Singapore, New York, Sydney, Frankfurt, and Hong Kong. Sinopec is recognized as one of the largest gas, oil refining, and petrochemical companies, yet they advocate for a low-carbon revolution of global power.

Top 10 richest companies in East Africa 2023 Forbes

The firm met with and answered questions from the board’s transaction committee before that committee recommended a $90 million fee, which included Wachtell’s expenses. Wachtell was not present, according to the filing, when the full board – which was independently represented by Simpson Thacher & Bartlett — voted to approve the recommendation. Wachtell’s motion to compel arbitration, in other words, could be the firm’s last real chance to address Musk and X, as Twitter is now known, in a public filing.

As one of the most recognized names in auto manufacturing, it’s no surprise that Volkswagen earns a nice amount of money through its profits. What might come as a surprise is that Volkswagen does more than make cars. They make and sell motorcycles, automotive services, engines, and turbomachinery. According to PwC, 44% of investors believe that companies should prioritize reducing greenhouse gas emissions across their own operations and supply chain. On the other hand, the worst-performing sectors in the top 100 were health care, utilities, and energy. While the index performance for health care and utilities was also relatively poor, the wider energy sector performed fairly well.

Together with 27 companies, Tesla established the Zero Emission Transport Association (ZETA) in 2020 to transform internal combustion engines into electric. Tesla has around 598 retail stores and 70,000 employees in various parts of the world.

Top 10 Richest Companies in the World 2022 Forbes

A company’s market cap is total value of all the shares of a company’s stock. While many people are interested in ranking companies by market value (market cap), the top companies by revenue https://1investing.in/ differ somewhat. This could be because they are more capital-intensive and have lower profit margins. It could also mean that they are more mature companies with fewer growth prospects.

• We used the latest-12-months’ financial data available to us as of April 22, 2022 to calculate the metrics used for our ranking.
• They specialize in corporate and retail banking, foreign exchange, cash management, and property management.
• It was successfully listed on The Stock Exchange of Hong Kong Limited and the Shanghai Stock Exchange in 2006.
• The company manufactures a broad variety of semiconductors on silicon wafers based on the proprietary integrated circuit designs provided by its customers.

Despite giving away tens of billions of dollars over the past few decades, Gates’ wealth continues to grow, thanks in part to the strong performance of shares of Microsoft, the company he co-founded and still owns about 1% of. Accenture, based in Dublin, had the highest ESG ranking of any company on the list. The company has committed to reaching net-zero emissions by 2025, and has significantly reduced its emissions since 2019. Its CEO, Julie Sweet, is female, as are half of the members of its board of directors. “This is not a walk in the park,” she told TIME in 2020, about advancing gender diversity. Accenture’s employees are now 47% women, it said in its most recent annual report, and it intends to achieve gender parity by 2025.

#117 Bank of Montreal

After acquiring Android in 2005, Google released the Android mobile phone operating system in 2008. Google reorganized in 2015, becoming a subsidiary of Alphabet, a holding company.Page was among early investors in Planetary Resources, a space exploration and asteroid-mining company. Established in 2009, the company was acquired by blockchain firm ConsenSys in 2018 amid funding problems. He has also shown an interest in flying car companies, investing in both Kitty Hawk and Opener. Google is the world’s dominant Internet search engine, accounting for more than 92% of global search requests.

• Accenture, based in Dublin, had the highest ESG ranking of any company on the list.
• Zuckerberg owns a 13% stake in Meta — the parent company of Facebook and Instagram of which he is CEO — which has grown in value by more than 20% this year.
• The COVID-19 pandemic has brought a lot of challenges, such as unprecedented markets and ongoing war.
• The individuals on this list belong to an even more exclusive club and wield still more power.
• Its CEO, Julie Sweet, is female, as are half of the members of its board of directors.

They acquired many social platforms such as WhatsApp, Instagram, and Oculus in the past. Mark Zuckerberg first developed Facebook (now Meta) alongside fellow students Eduardo Saverin, Dustin Moskovitz, and Chris Hughes while attending Harvard University in 2004. As Facebook began to be used at other universities, Zuckerberg dropped out of Harvard to focus entirely on his growing business. Today, Zuckerberg is the CEO and chair of Meta, which had 3 billion monthly active users as of Q2 2023. Shares of Google soared almost 50% in 2021, moving Page and Brin up the billionaire list. Page’s net worth went from just below $52 billion in March 2020 to the current $86.9 billion.

But I’d bet there are more than a few lawyers at the firm who didn’t mind the chance to swipe publicly at Musk. Cascade is a privately-held investment vehicle that owns a variety of stocks including Canadian National Railway (CNR), Deere (DE), and Republic Services (RSG), as well as private investments in real estate and energy. Most of Arnault’s wealth comes from his massive stake in Christian Dior SE, the holding company that controls 41.4% of LVMH. His shares in Christian Dior SE, plus an additional 6.2% in LVMH, are held through his family-owned holding company, Groupe Familial Arnault.

Walmart is the world’s largest employee, by far, with over 2.3 million global workers. All dollar values of data for Saudi Arabian Oil, which does not trade on any U.S. exchange, were converted using an exchange rate of 1 USD to 3.75 Saudi riyals. When selecting climate metrics, it is important to consider your purpose, the applicability and acceptability of the climate strategy, ac payee meaning and the availability of historical data. Tech companies TSMC and ASML Holdings were also among the top 10 risers, thanks to a shortage of semiconductor chips and growing demand. The company was created in 1987 by Morris Chang and is mainly located in Hsinchu, Taiwan. In addition, TSMC is currently owned by foreign investors and has 56,800 employees handling the industries.

The biggest companies in the world today are worth several trillion dollars. This makes these companies larger and more valuable than some countries’ entire economies! Today, tech and energy companies dominate the biggest corporations in the world. In the past, the trading companies, railroads, and steelworks dominated. Time will tell if these high flyers can remain in the top positions and which industries may emerge to challenge these coveted positions. Despite having only five companies on the list, the energy sector amounted to almost 10% of the top 100’s market capitalization, mostly due to Saudi Aramco’s whopping valuation.

But the world’s biggest tech companies are also the ones doing best for investors, employees, and the planet. As of May 2022, Apple has a $2.223 Trillion market capitalization and is considered one of the largest companies, with 516 retail stores and around 147,000 employees. Apple Incorporation’s ranking is the second most valuable company globally, following Saudi Aramco in Saudi Arabia, with a $2.332 Trillion. There may not be a list of the wealthiest companies in the world that doesn’t have Warren Buffet’s holding company on it for a long time to come. The headquarters are located in Omaha, NE, and they are involved in insurance, utilities, manufacturing, financial services, and more.

He was born in South Africa and attended a university in Canada before transferring to the University of Pennsylvania, where he earned bachelor’s degrees in physics and economics. Two days after enrolling in a graduate physics program at Stanford University, Musk deferred attendance to launch Zip2, one of the earliest online navigation services. He reinvested a portion of the proceeds from this startup to create X.com, the online payment system that was sold to eBay (EBAY) and ultimately became PayPal Holdings (PYPL).

Moreover, they are serious enough to make the information about their initiatives right on the Sinopec website. Yet another oil company joins the others on this list, and it’s no surprise. Oil means big money, especially when you offer oil refining, production, exploration, and the import and export of chemicals. This business calls Beijing, China, its home and specializes in real estate development, housing construction, infrastructure construction, and investments. China State Construction Engineering Corporation can claim it is responsible for constructing most of China’s infrastructure, housing, and skyscrapers.