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CEOWORLD magazine - Latest - Special Reports - The World’s Largest Companies by Market Cap, 2024

Special Reports

The World’s Largest Companies by Market Cap, 2024

Microsoft

As of March 8, 2024, with a market cap of $2992 billion, Microsoft (NASDAQ: MSFT) topped the global ranking of the largest companies by market cap. It’s followed by Apple (NASDAQ: AAPL) ($2627 billion ), Nvidia Corporation ($2116 billion), State oil giant Saudi Arabian Oil Company ($2041 billion), and AMAZON ($1809 billion ). Seven of the largest companies have a market cap of at least $1 trillion. Only four non-U.S. companies are in the top 20: Saudi Arabian Oil of Saudi Arabia, Taiwan Semiconductor Manufacturing of Taiwan, Novo Nordisk of Denmark, and LVMH of France.

Which one is the biggest company in the world by market cap? Here’s a list of the top companies by market cap in 2024:

The World's Largest Companies by Market Cap, 2024

RANKCOMPANYMARKET CAPITAL (USD DOLLAR)CEO
1MICROSOFT CORPORATION $2,992 billionSatya Nadella
2APPLE INC.$2,627 billionTimothy D. Cook
3NVIDIA CORPORATION$2,116 billionJen-Hsun Huang
4SAUDI ARABIAN OIL COMPANY$2,041 billionAmin H. Nasser
5AMAZON.COM, INC.$1,809 billionAndrew R. Jassy
6ALPHABET INC.$1,656 billionSundar Pichai
7META PLATFORMS, INC.$1,250 billionMark Elliot Zuckerberg
8BERKSHIRE HATHAWAY INC.$868 billionWarren E. Buffett
9ELI LILLY AND COMPANY$700 billionDavid A. Ricks
10BROADCOM INC.$622 billionHock E. Tan
11TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED$599 billionC. C. Wei
12TESLA, INC.$576 billionElon R. Musk
13VISA, INC.$561 billionRyan M. McInerney
14NOVO NORDISK A/S$556 billionLars Fruergaard Jorgensen
15JPMORGAN CHASE & CO.$543 billionJames Dimon
16WALMART INC.$483 billionC. Douglas McMillon
17LVMH$450 billionBernard Arnault
18UNITEDHEALTH GROUP INC.$436 billionAndrew Philip Witty
19MASTERCARD, INC.$436 billionMichael Miebach
20EXXON MOBIL CORPORATION$419 billionDarren W. Woods
21JOHNSON & JOHNSON$385 billionJoseph J. Wolk CPA
22ASML HOLDING N.V.$384 billionPeter T. F. M. Wennink
23VANGUARD US TOTAL MARKET SHARES INDEX ETF$379 billionMortimer (Tim) Buckley
24THE HOME DEPOT, INC.$377 billionEdward P. Decker
25PROCTER & GAMBLE COMPANY$375 billionJon R. Moeller
26THE COCA-COLA COMPANY$257 billionJames Quincey
27L'ORÉAL$255 billionNicolas Hieronimus
28INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED$249 billionLin Liao
29ADOBE INC.$247 billionShantanu Narayen
30INTERNATIONAL HOLDING COMPANY$239 billionSyed Basar Shueb

Market capitalization, commonly known as market cap, refers to the total market value of a company’s outstanding shares. It is calculated by multiplying the current stock price by the total number of shares outstanding. For example, if a company has 2.34 billion shares outstanding and its stock price is $66.66 per share, its market cap would be $156 billion (2,340,000,000 x $66.66). Investors often use the market cap as a quick estimate of a company’s overall value and as a factor in determining whether to buy a stock. Stocks are often categorized by market cap: mega-cap ($100 billion-plus), large-cap ($10 billion-$100 billion), mid-cap ($2 billion-$10 billion), small-cap ($300 million-$2 billion), and micro-cap (less than $300 million).


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CEOWORLD magazine - Latest - Special Reports - The World’s Largest Companies by Market Cap, 2024
Lila Jones
Senior News Editor at CEOWORLD Magazine. I'm a veteran correspondent for the CEOWORLD Magazine. During my career, I've been based in New York, Washington, DC, Brussels and London. Over the years I've written about everything from the debt crisis to Brexit and the rise of populism in Europe. I did a stint in London as the CEOWORLD Magazine's Europe News Editor and Deputy World News Editor. In my current post I try to capture life in a changing banking to finance landscape.