Top 10 Richest Companies In The World

the top ten most valuable companies in the world global markets were tumult is in 2018 erasing 100% of their annual growth in the final quarter tech stocks in particular took a huge hit because of controversies with Facebook and a general lack of faith in the sector but world markets are still valued higher than at almost any time in history from Chinese conglomerates to Nebraskan investment firms these are the top 10 most valuable companies in the world Exxon Mobil founded in 1870 by the famous john d rockefeller as Standard Oil the company ExxonMobil has overcome many challenges such as being broken up by the US government in 1888 it organized anglo-american oil company to market oil in the British Isles and two years later acquired a major interest in the German form that would become SOA G in 1898 it gained control of Imperial oil limited Canada's leading oil company this pattern of acquisitions continued until it became the world's most valuable company in 2012 since then oil prices have fallen and it has dropped significantly in the rankings but it is still an extremely valuable conglomerate the world's 10th largest company by revenue and is currently valued at 344 billion dollars JP Morgan Chase JP Morgan Chase is the largest bank in the United States and is ranked by S&P global as the sixth largest bank in the world by total assets as of 2018 - the amount of two point five three four trillion dollars it is the world's most valuable bank by market capitalization the history of JPMorgan Chase spans more than 200 years and includes numerous firms who merged to form today's banking behemoths in 1799 New York Assemblyman Aaron Burr shot at the Manhattan company as a New York water supplier the Manhattan company were much later merge with Chase Bank which brought JP Morgan & Co to form the company it is today in fact it was a business dispute between the Byrnes firm and Alexander Hamilton's Bank of New York eventually led to the infamous duel that killed America's first Treasury secretary after centuries of acquisitions JPMorgan Chase is one of the largest asset management companies in the world with two point seven eight nine trillion dollars in assets under management and 30 trillion dollars in assets under custody it is currently valued at three hundred and eighty seven billion dollars $0.10 the other non-american business on the list ten centers a Chinese multinational investment holding conglomerate founded in 1998 whose subsidiary specialize in various Internet related services and products entertainment artificial intelligence and Technology both in China and globally this February the Chinese government giant Tencent briefly overtook us rival Facebook to become the world's most valuable social network company with a market capitalization of five hundred and forty billion dollars yet it is sitting on an advertising goldmine just 18 percent of its total revenue in the 2016 fiscal year came from online advertising compare this with Facebook's model advertising makes up 90 percent of its total revenue co founded in 1998 by ma hua Teng better known as pony ma and for France Tencent launched its first product in 1999 a free PC based instant messaging service called oh I see cubed later renamed QQ it secured 1 million users in the first year but the company remained unprofitable it was only in 2001 following the launch of mogul QQ messaging platform for mobile phones the Tencent turned its first profit 1.2 million dollars on sales of 5.9 million dollars three years later Tencent was listed on the Hong Kong Stock Exchange the company is currently listed at four hundred and ninety billion dollars Berkshire Hathaway Warren Buffett's name is practically synonymous with his biggest success Berkshire Hathaway Warren became an integral part of Berkshire Hathaway in the early 1960s and help the company expand into one of the largest conglomerates in the world the company wholly owns Geico Duracell Dairy Queen BNSF Railway Lubrizol Fruit of the Loom Helzberg Diamonds long in foster flight safety international pampered chef NetJets and also owns 38.6% of pilot Flying J 26.7% of the Kraft Heinz Company and significant minority holdings in American Express Wells Fargo the coca-cola company Bank of America and Apple since 2016 the company has acquired large holdings in the major US airline carriers and is currently the largest shareholder in the United Airlines and Delta Airlines and a top three shareholder in Southwest Airlines and American Airlines Berkshire Hathaway has averaged an annual growth in Book value of 19% to its shareholders since 1965 compared to nine point seven percent from the S&P 500 with dividends included for the same period while employing large amounts of capital and minimal debt no one is quite certain how buffett pulls off this stock market wizardry but the results are clear berkshire hathaway is now worth more than four hundred and ninety 1 billion dollars making it number seven on our countdown Alibaba the first non-american company to break the top 10 Alibaba Group Holding Limited is a Chinese multinational conglomerate specializing in e-commerce retail internet and technology in December 1999 towards the tail end of the dot-com craze a group of 18 people led by Jack Ma started a wholesale online marketplace called Alibaba in the 19 years since its inception in a small apartment in hang zoo the Chinese company has blossomed into one of the most diverse and valuable corporations in the world today Alibaba is competing on a global scale against and in several instances outperforming its more ubiquitous American counterparts including Google Amazon PayPal and Bay Jack Mar was first introduced to the internet on a visit to the United States in the 90s a few years later he decided to bet on the promising technology and having secured five million in funding from a consortium of investors started the Alibaba Group along with 17 other co-founders the launch of Ali Baba's online retail platforms alibaba.com and 1688 calm was fortunately timed the consumer internet boom had only just arrived in China and the local market wasn't as directly affected by the dot-com crash as its American counterpart other future ecommerce markets such as India had barely even begun exploring the sector the company is currently valued at just shy of half a trillion dollars making it the sixth most valuable company on our countdown Facebook has chronicled in the semi dramatized biopic the social network Facebook has a tumultuous origin story the founding of Facebook has been in dispute since the very week and nineteen year old Mark Zuckerberg launched the site as a Harvard sophomore on February 4th 2004 then called the facebook.com the site was an instant hit now 15 years later the site has become one of the biggest websites in the world visited by more than two billion people a month the controversy surrounding Facebook began quickly a week after he launched the site mark was accused by three Harvard seniors of having stolen the idea from them this allegation soon bloomed into a full-fledged lawsuit as a competing company founded by the Harvard seniors sued mark and Facebook for theft and fraud starting a legal Odyssey that was resolved out of court in 2010 after a modest IPO in 2012 Facebook was only seeking to raise five billion dollars of outside capital now only a few years later the company is valued at 541 billion dollars even after a year of controversy making it number five in our town though the company has been criticized for selling users data to outside parties it appears that the social media behemoth is here to stay Microsoft on April 4th 1975 at a time when most Americans used typewriters childhood friends Bill Gates and Paul Allen found Microsoft a company that made computer software originally based in Albuquerque New Mexico Microsoft relocated to Washington State in 1979 and eventually grew into a major multinational technology corporation in 1987 the year after Microsoft went public 31 year old gates became the world's youngest billionaire Gates and Allen started Microsoft originally called Microsoft for micro processors and software in order to produce software for the Altair 8800 an early personal computer Allen quit his job as a programmer in Boston and gates left Harvard University where he was a student to focus on their new company revenues of the company totaled 16 thousand and five dollars by the end of 1976 the company has come a long way since then between they're now ubiquitous operating system windows and their suite of applications including Word PowerPoint and Excel the company is still a contender long after the fall of the dot-com bubble the company is currently valued at 750 billion dollars and Bill Gates is still one of the wealthiest people in the world despite the fact that he has already given 25 percent of his net worth to charity alphabet when Larry Page and Sergey Brin first met they didn't like each other very much in the summer of 1995 Larry was considering a transfer to Stanford University's graduate program in computer science Sergey was already two years into the program and he had signed up to be a tour guide to potential students one summer day he showed Paige in a group of other potential Stanford students around the Bay Area both individuals had strong opinions they butted heads they went on to found the world's most popular search engine page and Brin developed a search algorithm at first known as backrub in 1996 after a long series of developments and rebrandings the pair spun back rope first into Google and later into a much larger holding company called alphabet alphabets portfolio encompasses several industries including technology life sciences investment capital and research some of its subsidiaries include calico Chronicle G V capital G Verrilli way mo X loon and Google Fiber Eric Schmidt an executive at alphabet said at an internet Association event in 2015 that there may eventually be more than 26 alphabets subsidiaries the business is currently valued at seven hundred and sixty six billion dollars Amazon currently valued at seven hundred and seventy seven billion dollars Amazon has completed a transition from a modestly sized online book merchant to the biggest retailer in the history of the world the company is in strictly linked to its controversial founder and CEO Jeff Bezos as a 30 year old Bezos was working as a stock trader on Wall Street when he took note of the internet revolution taking place in the mid 90s remembering this time Bezos stated the wake-up call was finding this startling statistic that web usage in the spring of 1994 was growing at 2,300 percent a year you know things just don't grow that fast after making a list of the top 20 products that he could potentially sell on the Internet he decided on books because of their low cost and universal demand it turns out it was just the beginning the company later diversified to sell streaming content music audiobooks software video games electronics apparel furniture food toys and jewelry the company also owns a publishing arm Amazon publishing a film and television studio Amazon Studios produces consumer electronic lines like Kindle e-readers Fire tablets Fire TV and echo devices and is the world's largest provider of cloud infrastructure services through its aid of a subsidiary Apple since 2010 Apple has been one of the most valuable companies on earth it is owned the top slot on an annual basis from 2012 onwards with some occasional jockeying for position between Exxon and Amazon the reason Apple is valued so highly is simple on the surface the company makes popular products with generous margins and they managed to do what almost no other company does sell high-end luxury products to the average consumer if you own a single extravagant item that's a pretty good chance it's an Apple product though it is topped the one trillion dollar mark in the past the company is currently valued at nine hundred and twenty seven billion dollars easily making it the biggest company in the world founders Steve Jobs and Steve Wozniak created Apple Computer on April 1st 1976 and incorporated the company On January 3rd 1977 in Cupertino California for more than three decades Apple Computer was predominantly a manufacturer of personal computers along the Apple 2 Macintosh and Power Mac lights but it faced rocky sales and low market share during the 1990s jobs who had been outed from the company in 1985 returned to Apple in 1996 after his company next was bought by Apple the following year he became the company's interim CEO which later became permanent jobs subsequently instilled a new corporate philosophy of recognizable products and simple design starting with the original iMac in 1998 with the introduction of the successful iPod music player in 2001 and iTunes Music Store in 2003 Apple established itself as a leader in the consumer electronics and media sales industries leading it to drop computer from the company's name in 2007 now the company trades in upscale watches pencils and cloud computing among many other products well there you have it the top ten most valuable companies in the world as always I'm mr. luxury if you enjoyed the video make sure to check out my channel in the link at the top of the description thanks for watching leave like and subscribe pipin diddly-doo

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Keywords: business, companies, biggest companies, richest companies, richest company comparison, net worth, ceo, apple, google, facebook, amazon, most powerful companies, rich, trillion dollars, market cap, profit, corporations, top 10, viral, new

Id: ihKS7EAdqEY

Length: 15min 10sec (910 seconds)

Published: Sun Feb 24 2019