The world is continually changing, as is the list of the richest companies. However, so far in 2023, the technology sector is at the top of the list. Without further ado, below are the top 10 richest companies in the world.
1. Apple
Apple is the world’s most valuable company, with over $2.7 trillion market capitalisation. Apple is a corporation specialising in creating, innovating, and distributing consumer electronics, software, and internet services. Their physical products include the iPhone, the iPad, the Mac, the Apple Watch, the AirPods, and the Apple TV digital media player. Apple’s software products include iOS, iPadOS, macOS, watchOS, and tvOS, as well as the Safari web browser and a range of productivity applications. The company was founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne. They were initially focused on developing and selling personal computers but their range of products and services has grown significantly over time. Apple is known for its innovative designs, high-quality products, and strong brand loyalty.
2. Microsoft
Microsoft is one of the most successful technology companies in the world and a leader in the software industry. The company, worth an estimated $2439.86B, is best known for its Windows operating system and Office suite of productivity applications. Microsoft also has a growing cloud computing business, Azure. The company was founded in 1975 by Bill Gates and Paul Allen and was initially focused on developing and selling programming languages and software development tools. However, Microsoft quickly expanded into other areas of the software industry, and it soon became one of the leading software companies in the world.
3. Aramco
Aramco is a petroleum and natural gas company based in Saudi Arabia with a market capitalization of $2.2 trillion. Saudi Aramco is also the world’s largest crude oil exporter, responsible for about 10% of global oil production. It was founded in 1933 as the Arabian American Oil Company (Aramco) — a joint venture between the Saudi Arabian government and American oil companies. Saudi Aramco is a major economic powerhouse and has several international joint ventures, including refineries and petrochemical plants. It is also responsible for about 10% of Saudi Arabia’s GDP, providing about 20% of the government’s revenue. Saudi Aramco is also a significant employer, with over 60,000 employees in Saudi Arabia.
4. Alphabet Inc
Alphabet is a technology conglomerate holding company headquartered in Mountain View, California. It is one of the top five American information technology companies, along with Amazon, Apple, Meta, and Microsoft, with a market capitalization exceeding $1.6 trillion. Alphabet was formed as a result of the corporate restructuring of Google on October 10, 2015, and became the parent company of Google and several other companies. The businesses that generate most of Alphabet’s revenue include Google Search, Google Ads, and Google Cloud Platform.
5. Amazon
Amazon’s market capitalisation is over $1.3 trillion, making it the fifth most valuable company in the world, after Apple, Microsoft, Saudi Aramco and Alphabet. Amazon is a global technology corporation specialising in e-commerce, artificial intelligence, digital streaming, and cloud computing. They are the largest online retailer in the world, and also one of the leading cloud computing providers. Amazon is also a significant player in the digital streaming market with its Prime Video service.
6. Berkshire Hathaway
Berkshire Hathaway is an American multinational conglomerate holding company. Its headquarters is in Omaha, Nebraska, with a market share of 13.4% and a market cap of $739.24 Billion, as of October 2023. The company’s main business is insurance and also has investments in a wide range of businesses, including railroads, manufacturing, and energy. Warren Buffett leads Berkshire Hathaway and is considered one of the greatest investors ever. Berkshire Hathaway was founded in 1930 as a textile company. Buffett became involved with the company in 1965 and took over as CEO in 1970. Under Buffett’s leadership, Berkshire Hathaway has become one of the most successful companies in the world.
7. Tesla
Tesla is a leader in the electric vehicle industry that also develops solar panels and energy storage systems. Tesla, established in California in 2003, held the highest automotive brand value globally in June of 2023 and was ranked fourteenth for overall brand value across all industries in 2022. It is the world’s leading electric vehicle company, with a market share of over 25%. The company’s electric vehicles are known for their high performance, long-range, and luxurious interiors. Tesla’s success has also been fueled by government support for electric vehicles and renewable energy.
8. Tencent
Tencent is a Chinese multinational technology conglomerate holding company headquartered in Shenzhen. It is one of the world’s largest video game vendors and one of the most financially valuable companies. Its services include social networks, music, web portals, e-commerce, mobile games, internet services, payment systems, smartphones, and multiplayer online games. It operates the instant messengers Tencent QQ, WeChat, and QQ.com. It also owns Tencent Music. Tencent is one of the most influential companies in China, and it significantly influences the country’s economy and culture. The company’s social media platform, WeChat, is used by over 1.2 billion people and is an essential part of everyday life for many Chinese people. Tencent’s gaming business is also highly successful, and the company is one of the largest producers of video games in the world. Tencent’s worth is about $347B as of October 2023.
9. Nvidia
Nvidia is a world leader in the semiconductor industry. The company is known for its graphics processing units (GPUs) used in gaming, artificial intelligence, and data centre applications. With a revenue of $26.97B, its GPUs are used by some of the biggest companies in the world, including Microsoft, Amazon, and Google. Nvidia GPUs are also used in some of the most popular video games, such as Fortnite and Call of Duty.
10. Meta
Mark Zuckerberg brought Facebook into existence in February 2004. With over 2 billion daily visitors, the Facebook social network has achieved remarkable popularity. Its staggering market value of $445 billion is a testament to its widespread appeal as an online venture. Facebook generates an annual net profit exceeding $29 billion through online advertising. Furthermore, the company secured its position at the forefront of this list by registering nearly a 56% increase in net profit over the past year alone. Facebook is headquartered in Menlo Park, California, USA. In October 2023, Meta Platforms, formerly known as Facebook, boasts a market capitalisation of $837.53 billion.
The 10 richest companies in the world are all leaders in their respective industries, and they play a significant role in the global economy. They are also some of the world’s most innovative and forward-thinking companies and are constantly pushing the boundaries of what is possible.
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Hello Ope…thanks for your writings…can you come talk to a group on WhatsApp?
I learnt a lot from this. I will put this points into practice soon…
Awesome! Thanks for reading.??
This is an apt reminder. Thank you
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It was nice write up I learnt alot okay
Great to hear!
Thanks for this. Teaching my kids abot money is a priority to me.
This write-up is good for the week. We meeeuv!!!!
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This message is a timely one for me, even though I’ve begun practising a few of the aforementioned tips.
It’s a great way to begin the week and it comes at the right time as end of the month approaches.
Thanks guys!
It’s always a delight to receive an email from my favorite financial adviser, Ope, because she always has something relevant, thought provoking and practical to say and offer about my (your) finances.
Truth be told my financial education and wellbeing has improved ever since I joined Cowrywise. Thanks to Ope with her gentle forcefulness. Lol. I am now more savings, budget and investment oriented. Only regret is why I didn’t come across Cowrywise sooner. Where have you been all my life??
I still have a long way to go to make up for lost time but, baby steps.
Uwésè (Thank you in Bini)
Baby steps can lead to much progress!??
Why are you so sure that Ope is female though??
You’re welcome GOC.?
Stale yeahh?
But, I can bet Ope is a female.
I relate so much to your talks. If I’m not learning something new, I’m realizing I’m not the only one who thinks this way ??
Good morning
Pls want logging into my Cowrywise
Is not going mam/sir
Pls help out
You can afford it doesn’t mean you should buy it, is it really necessary? Think!
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Spending a huge chunk of money on liabilities.
This is a major bad money habit too.
Thanks for sharing it, Ajayi.
Thank you. This is really helpful
Thank you, Ope.
10. Don’t compare yourself with other people.
People often spend money on what is not needed trying to please friends, family and colleagues. To cultivate a good saving habit you have to start living your life as a self-life, not public life. If you don’t have it now does mean you will never have it. Life na turn by turn, go through life at your own pace. Life is sweeter when don’t live to please anybody.
“Life is sweeter when don’t live to please anybody.”
This point on comparing one’s self is such a good point. Thanks for sharing it.
Please I didn’t not received my referred bonus payment to my stash while other people have received their own what is the problems please
This is copacetic.
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Great job
How do we hack black tax?
Hi Ifeoma.
This blog post on Black Tax might help – https://cowrywise.com/blog/black-tax/
Thanks for golden , professional advice. How can l go about Halal investment plan
Candidly, no 6 is on point. Spending errors are stringent but not in the real sense of it. One is guilty of that. I learnt from all 9 points. Kudos
This is so apt! Ope, you need to address how we can say NO (and not feel quilty) to family issues that are springing up. They are the cause of my savings depleting. *sobs*. Thank you for sharing this. Always love to read from you.
Hi Oyepeju.
Gloria shares how locking up her savings helps her say no without feeling guilty in this article – https://cowrywise.com/blog/chose-cowrywise/
This article on Black Tax might also help – https://cowrywise.com/blog/black-tax/
I hope both help!
Thanks for the education Ope.
You’re welcome, Marv Annie.
This is really the message for the now.
We need to imbibe the culture of savings and inculcate it into our children at a very tender age if possible include the culture into our value system even in our school curriculum.
Very timely piece.
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This is informative
I’ve learnt a lot. Thanks and keep it up.
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Insightful !
I needed to be reminded of this very important truth. Thanks alot
Thanks alot Ope, good one.
How can I see my deposit
Hi Henry.
You can see all your Savings/Investment or Stash funds when you log into your Cowrywise profile.
Which specific deposit are you referring to, please?
Timely words
Thanks ope
Thanks for this insight it is a good one and i know it will help me because I have struggle alot on how how to to gain financial freedom.
I appreciate this great information and financial education. It has given me insight into my financial plan. thanks.
This piece will be really helpful. Thank you for sharing Ope
Truth be told,i saw one of my bussiness partner using this app for saving money and I be like WTF am app is this, he then explain to me And I be like wow?then I started using the app, I won’t lie here, my financial life changed immediately for good,how can I thank cowrywise,
Thanks to the organizers?♀?♀
Yeah ope…..that investment part about buying point (ARM Or so)….ion understand….pls could you put me through
Thanks for the charge
This is very great, insightful and helpful.The lessons were very instructive and many salient points to note.Please is there a WhatsApp group cowry wise created or perhaps you did.I would love to join.Thanks so much.
Pls I really need hlpe
Wow, this so encouraging, I think I have to stick to it. Thanks
? rooting for you!
Hi Ope, I want to start emergency savings. What percentage of my income do I save . Been battling with this …
Hi Jesutofunmi.
There’s a guide that breaks it down for you. Here it is – https://cowrywise.com/blog/emergency-funds-savings-work/
Though there’s no one size fits all, it is advised you save up to six months of living expenses.
This is so that if anything ever happens, you’re covered for at least six months!
Thanks Alot Ope.
No 8 really got me.
This is awesome. . Thank you for this insight. I want to know more about the automatic save and invest. Is it that as I make payment in my cowrywise account , it’s automatically save and automatically invest. Please shed more light
I have never been tutored like this all my years. This is exactly my problem but now cowrywise is my deliverer.
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Thank you cowrywise. You are a true financial saviour
Learnt a lot from those, my bad habit is 2:- spending more than I earn.. The article is really nice.. Thank you Ope.
Thank you Ope, this is insightful I’m definitely going to start breaking this bad habits
Thanks for the piece!!!
In the case of a University student who is yet to start earning or probably earn but not so much.
What advice would you give to the person about Cowrywise and bad money habits
I have learnt a lot. Thank you Ope I’ll start saving better and setting more goals
Energyyyyyy ??
If I thought cowrywise will have a children’s school I could have get admission for them, because it teacher a lot of way out of poverty .I’m very comfortable with cowrywise,God will continue to leaft you up as you’re trying to leaft us up.
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Thank you cowrywise ?? For clearing bad habits
Anytime ??
Thank you ?? For clearing bad habits
I learnt a lot from this. Thank you?
I semt money into my account I have not seen it what’s the problem
Hello Daniel, I’m sorry about that. Please has this been rectified now? If not, please send us an email at support@cowrywise.com. Looking forward to help ?
Nice one ope. Kinda like cowrywise now. Pray it blossoms more. I’m actually a student. 100 level but I have big dreams ahead. No income though but I’m saving from my allowance. Don’t know and still thinking of the possible best income. I don’t wanna go into fraud. But I’ll make it someway. I believe. Thanks for the piece of advise
I’m rooting for you and all your (legal) money moves ???
10. Impulse Buying : Don’t buy anything you don’t plan for especially all those Pre order shoes , Bags , dresses we buy online, we might think it is ‘awoof’ but something you don’t plan for still doesn’t worth buying at all.let’s make plans and put a stop to impulse purchase.
Thank you Ope for all tips.
Financial intelligence, is the ability to control ones expenses. Do spend your money in asset than lability. For asset, are those things that puts money in our pocket and labilities are those that takes money out of our pocket. Thanks to you all.
All this are great write up thank you Ope!
I uses PiggyVest but I don’t know how to use the investment features of this Cowrywise app.
A guide will be so much appreciated by me?
I understand my mistake and I’m very thankful for reminding me!
@ope thank you very much for this piece. Just started using this app but kinda like it.
Just that i don’t know how to use the investment plan
Hmm! What an eye opener. Thanks
Sure!
How can I get loan to enjoy this business because me I don’t understand I can place orders app
I have just been tutored by you, I hope to be financially wiser henceforth.
Good advice
Great advice. Thanks for this. People also need to stop spending immediately an dime enters their pocket.
Great advice. Thanks for this. People also need to stop spending immediately an dime enters their pocket.
Wow, thank you for the advice.
Thanks doesn’t seem enough to express how I feel right now. Just know am deeply grateful. God bless you Ope. Am taking baby steps already!
What an eye opener…. More grace Open.
Wow!! I love this write up…I really learnt a lot from it
Thank you Ope for this wonderful reminder. I’m sure to put them into practice ASAP
I’ll recommend the book rich Dad poor dad by Robert kiyosaki. Most of the bad Money habits listed in the article above, was derived from this book. You will find more of bad money mistakes you should avoid in the book written by Robert.
Great
This is just a trick of wooing you to save your money with them. Saving money has never made anyone grow. The risk inherent in Saving is very low, therefore, you earn low return. Saving is not a good investment, channel your money into a productive venture where high returns can be earned.
Ask them for how much interest they will pay on your savings, I can bet it with anyone, it won’t be more than 10% per annum, however, if you are taking loan from, you’ll be deceived with single digit interest rate. E.g 3% flat, which is equivalent to almost 36% per annum. Arithmetically, they will make over 26% on your hard earned money you’re saving with them. My people, please be wise and shine your eyes. These people are just ripping you off. Use your money for productive business venture, you will earn higher returns from it. However, the risk is very high. As I said earlier, high risk begets high returns, while low risk ventures earn low returns.
Thanks for this
Thank you very much