The following is a list of publicly traded companies having the greatest market capitalization. In the global business media, they are described as being the world's most valuable companies as a reference to their market value.^[1]

Market capitalization is calculated from the share price (as recorded on selected day) multiplied by the number of outstanding shares.^[2] Figures are converted into USD millions (using rate from selected day) to allow for comparison.^[3]

Trillion-dollar companies

The table below lists all companies which have, at any point, had a market capitalization in excess of $1 trillion, the date on which their market cap first exceeded $1 trillion and their record market cap.^[4]

Company	Country	When first passed			Record value date	Record value (in billions USD)		Notes
Company	Country	$1 trillion	$2 trillion	$3 trillion	Record value date	Unadjusted	Inflation- adjusted^[5]	Notes
Apple		2 August 2018	19 August 2020	3 January 2022	14 December 2023	3,081	3,081	^[6]^[7]^[8]
Microsoft		7 June 2019	22 June 2021	24 January 2024	25 January 2024	3,026	3,026	^[9]^[10]^[11] ^[12]^[13]
Saudi Aramco		11 December 2019	12 December 2019	—	10 May 2022	2,450	2,450	^[14]^[15]
PetroChina		5 November 2007	—	—	5 November 2007	1,200	1,640	^{[note 1]}
Alphabet		16 January 2020	8 November 2021	—	18 November 2021	2,000	2,160	^[19]^[20]^[21]^[22]
Amazon		4 September 2018	—	—	13 July 2021	1,900	2,052	^[23]
Meta		28 June 2021^[24]	—	—	7 September 2021	1,078	1,164	^{[note 2]}^[25]
Tesla		25 October 2021	—	—	1 November 2021	1,235	1,334	^[26]
Nvidia		30 May 2023	—	—	20 January 2024	1,469	1,469	^[27]^[28]^[29]

Publicly traded companies

All market capitalization figures are in USD millions. Only companies with free float of at least 15% are included; the value of unlisted stock classes is excluded. Investment companies are not included in the list.^[3]

2023

This list is up to date as of 31 December 2023. Indicated changes in market value are relative to the previous quarter.


Rank
1	Apple 2,609,000^[30]	Apple 3,050,000^[30]	Apple 2,677,000^[30]	Apple 2,994,000^[30]
2	Microsoft 2,146,000^[31]	Microsoft 2,532,000^[31]	Microsoft 2,346,000^[31]	Microsoft 2,795,000^[31]
3	Alphabet 1,332,000^[32]	Alphabet 1,530,000^[32]	Alphabet 1,662,000^[32]	Alphabet 1,764,000^[32]
4	Amazon 1,058,000^[33]	Amazon 1,337,000^[33]	Amazon 1,312,000^[33]	Amazon 1,570,000^[33]
5	Nvidia 686,090^[34]	Nvidia 1,044,000^[34]	Nvidia 1,074,000^[34]	Nvidia 1,223,000^[34]
6	Berkshire Hathaway 677,770^[35]	Tesla 829,670^[36]	Tesla 794,200^[36]	Meta 909,000^[37]
7	Tesla 656,420^[36]	Berkshire Hathaway 745,010^[35]	Meta 772,490^[37]	Tesla 789,930^[36]
8	Meta 549,480^[38]	Meta 735,450^[38]	Berkshire Hathaway 769,260^[35]	Berkshire Hathaway 783,550^[35]
9	TSMC 482,410^[39]	TSMC 523,410^[39]	Eli Lilly 509,890^[40]	Eli Lilly 553,370^[40]
10	Visa 473,870^[41]	Visa 497,370^[41]	Visa 480,990^[41]	TSMC 539,390^[39]

2022

This list is up to date as of 31 December 2022. Indicated changes in market value are relative to the previous quarter.


Rank
1	Apple 2,850,000^[30]	Apple 2,212,000^[30]	Apple 2,221,000^[30]	Apple 2,066,000^[30]
2	Microsoft 2,311,000^[31]	Microsoft 1,920,000^[31]	Microsoft 1,737,000^[31]	Microsoft 1,787,000^[31]
3	Alphabet 1,846,000^[32]	Alphabet 1,435,000^[32]	Alphabet 1,254,000^[32]	Alphabet 1,145,000^[32]
4	Amazon 1,659,000^[33]	Amazon 1,080,000^[33]	Amazon 1,151,000^[33]	Amazon 856,940^[33]
5	Tesla 1,114,000^[36]	Tesla 697,660^[36]	Tesla 831,150^[36]	Berkshire Hathaway 681,770^[35]
6	Berkshire Hathaway 779,150^[35]	Berkshire Hathaway 602,450^[35]	Berkshire Hathaway 596,410^[35]	UnitedHealth 495,370^[42]
7	Nvidia 684,880^[34]	UnitedHealth 481,870^[42]	UnitedHealth 472,410^[42]	Johnson & Johnson 461,840^[43]
8	Meta 605,250^[38]	Johnson & Johnson 467,090^[43]	Johnson & Johnson 429,500^[43]	ExxonMobil 454,240^[44]
9	TSMC 540,670^[39]	Tencent 445,990^[45]	Visa 374,380^[41]	Visa 439,950^[41]
10	UnitedHealth 479,830^[42]	Meta 436,390^[38]	Meta 364,650^[46]	Tencent 405,090^[45]

2021

This list is up to date as of December 31, 2021^[update]. Indicated changes in market value are relative to the previous quarter.

Rank
1	Apple 2,050,000^[30]	Apple 2,286,000^[30]	Apple 2,339,000^[30]	Apple 2,913,000^[30]
2	Microsoft 1,778,000^[31]	Microsoft 2,040,000^[31]	Microsoft 2,119,000^[31]	Microsoft 2,525,000^[31]
3	Amazon 1,558,000^[33]	Amazon 1,735,000^[33]	Alphabet 1,777,000^[32]	Alphabet 1,922,000^[32]
4	Alphabet 1,395,000^[32]	Alphabet 1,680,000^[32]	Amazon 1,664,000^[33]	Amazon 1,691,000^[33]
5	Meta 838,720^[38]	Meta 985,920^[38]	Meta 956,890^[38]	Tesla 1,061,000^[36]
6	Tencent 766,970^[45]	Tencent 721,460^[45]	Tesla 776,850^[36]	Meta 935,640^[38]
7	Tesla 641,110^[36]	Tesla 654,780^[36]	Berkshire Hathaway 619,950^[35]	Nvidia 732,920^[34]
8	Alibaba Group 615,010^[47]	Berkshire Hathaway 637,280^[35]	TSMC 579,030^[39]	Berkshire Hathaway 668,630^[35]
9	TSMC 613,410^[39]	TSMC 623,160^[39]	Tencent 574,460^[45]	TSMC 623,930^[39]
10	Berkshire Hathaway 590,050^[35]	Alibaba Group 615,140^[47]	Nvidia 517,900^[34]	Tencent 559,900^[45]

2020

This Financial Times–based list is up to data as of December 31, 2020^[update]. Indicated changes in market value are relative to the previous quarter.

Rank
1	Microsoft 1,200,000^[31]	Apple 1,576,000^[30]	Apple 1,981,000^[30]	Apple 2,254,000^[30]
2	Apple 1,113,000^[30]	Microsoft 1,551,000^[31]	Microsoft 1,592,000^[31]	Microsoft 1,682,000^[31]
3	Amazon 970,590^[33]	Amazon 1,432,590^[33]	Amazon 1,577,000^[33]	Amazon 1,634,000^[33]
4	Alphabet 799,180^[32]	Alphabet 979,700^[32]	Alphabet 999,570^[32]	Alphabet 1,185,000^[32]
5	Alibaba Group 521,740^[47]	Facebook 675,690^[38]	Alibaba Group 795,400^[47]	Facebook 776,590^[38]
6	Facebook 475,460^[38]	Tencent 620,920^[45]	Facebook 746,100^[38]	Tencent 683,470^[45]
7	Tencent 471,660^[45]	Alibaba Group 579,740^[47]	Tencent 646,790^[45]	Tesla 668,080^[36]
8	Berkshire Hathaway 440,830^[35]	Berkshire Hathaway 432,570^[35]	Berkshire Hathaway 509,470^[35]	Alibaba Group 628,650^[47]
9	Visa 357,020^[48]	Visa 412,710^[48]	Visa 425,510^[48]	TSMC 565,280^[39]
10	Johnson & Johnson 345,700^[43]	Johnson & Johnson 370,590^[43]	TSMC 420,440^[39]	Berkshire Hathaway 544,780^[35]

2019

This Financial Times–based list is up to date as of December 31, 2019^[update]. Indicated changes in market value are relative to the previous quarter.

Rank
1	Microsoft 904,860^[31]	Microsoft 1,028,000^[31]	Microsoft 1,062,000^[31]	Apple 1,305,000^[30]
2	Apple 835,670^[30]	Amazon 928,540^[33]	Apple 1,012,000^[30]	Microsoft 1,203,000^[31]
3	Amazon 874,710^[33]	Apple 911,240^[30]	Amazon 858,680^[33]	Alphabet 922,130^[32]
4	Alphabet 818,160^[32]	Alphabet 751,170^[32]	Alphabet 838,020^[32]	Amazon 916,150^[33]
5	Berkshire Hathaway 493,750^[35]	Facebook 551,490^[38]	Berkshire Hathaway 508,530^[35]	Facebook 585,320^[38]
6	Facebook 475,730^[38]	Berkshire Hathaway 521,100^[35]	Facebook 508,050^[38]	Alibaba Group 569,010^[47]
7	Alibaba Group 472,940^[47]	Alibaba Group 439,150^[47]	Alibaba Group 435,400^[47]	Berkshire Hathaway 553,530^[35]
8	Tencent 440,980^[45]	Tencent 432,080^[45]	Tencent 398,840^[45]	Tencent 461,370^[45]
9	Johnson & Johnson 372,230^[43]	Visa 379,271^[48]	Visa 385,370^[48]	JPMorgan Chase 437,230^[49]
10	Visa 353,710^[48]	Johnson & Johnson 370,300^[43]	JPMorgan Chase 376,310^[49]	Visa 416,790^[48]

2018

This Financial Times–based list is up to date as of December 31, 2018^[update]. Indicated changes in market value are relative to the previous quarter.

Rank
1	Apple 851,317	Apple 909,840^[30]	Apple 1,091,000^[30]	Microsoft 780,520^[31]
2	Alphabet 715,404	Amazon 824,790^[33]	Amazon 976,650^[33]	Apple 748,680^[30]
3	Microsoft 702,760^[31]	Alphabet 774,840^[32]	Microsoft 877,400^[31]	Amazon 735,900^[33]
4	Amazon 700,672^[33]	Microsoft 757,640^[31]	Alphabet 839,740^[50]	Alphabet 728,360^[50]
5	Tencent 507,990^[45]	Facebook 562,480^[38]	Berkshire Hathaway 523,520^[35]	Berkshire Hathaway 499,590^[35]
6	Berkshire Hathaway 492,019^[35]	Tencent 478,580^[45]	Facebook 473,850^[38]	Facebook 375,890^[38]
7	Alibaba Group 470,930^[47]	Alibaba Group 476,040^[47]	Alibaba Group 423,600^[47]	Tencent 375,110^[45]
8	Facebook 464,189^[38]	Berkshire Hathaway 463,980^[35]	Tencent 388,080^[45]	Alibaba Group 355,130^[47]
9	JPMorgan Chase 377,410^[49]	JPMorgan Chase 354,780^[49]	JPMorgan Chase 379,440^[49]	Johnson & Johnson 346,110^[43]
10	Johnson & Johnson 343,780^[43]	ExxonMobil 350,270^[51]	Johnson & Johnson 370,650^[43]	JPMorgan Chase 324,660^[49]

2017

This Financial Times–based list is up to date as of December 31, 2017^[update]. Indicated changes in market value are relative to the previous quarter.

Rank
1	Apple 753,718	Apple 749,124	Apple 791,726	Apple 868,880^[30]
2	Alphabet 573,570^[32]	Alphabet 628,610^[32]	Alphabet 664,550^[32]	Alphabet 727,040^[32]
3	Microsoft 508,935	Microsoft 528,778	Microsoft 568,965	Microsoft 659,910^[31]
4	Amazon 423,031	Amazon 466,471	Amazon 459,435	Amazon 563,540^[33]
5	Berkshire Hathaway 410,880^[35]	Berkshire Hathaway 418,880^[35]	Berkshire Hathaway 451,840^[35]	Facebook 512,760^[38]
6	ExxonMobil 339,897	Johnson & Johnson 357,310	Alibaba Group 436,850^[47]	Tencent 493,340^[55]
7	Johnson & Johnson 337,947	Facebook 357,176	Tencent 405,007	Berkshire Hathaway 489,490^[35]
8	Facebook 334,552	Alibaba Group 356,390^[47]	Facebook 399,946	Alibaba Group 440,712^[55]
9	JPMorgan Chase 313,761	Tencent 344,879	ExxonMobil 348,248	Johnson & Johnson 375,360^[43]
10	Wells Fargo 278,516	ExxonMobil 341,947	Johnson & Johnson 347,497	JPMorgan Chase 371,050^[49]

2016

This Financial Times–based list is up to date as of December 31, 2016^[update]. Indicated changes in market value are relative to the previous quarter.

Rank
1	Apple 607,465	Apple 517,069	Apple 604,475	Apple 617,588.49
2	Alphabet 535,660^[32]	Alphabet 475,320^[32]	Alphabet 535,660^[32]	Alphabet 531,970^[32]
3	Microsoft 439,734	Microsoft 397,268	Microsoft 447,290	Microsoft 483,160.28
4	ExxonMobil 350,991	ExxonMobil 383,396	Amazon 393,030	Berkshire Hathaway 404,390^[35]
5	Berkshire Hathaway 349,740^[35]	Berkshire Hathaway 345,860^[35]	ExxonMobil 358,519	ExxonMobil 374,280
6	Johnson & Johnson 300,604	Amazon 337,641	Berkshire Hathaway 358,300^[35]	Amazon 356,313.12
7	General Electric 295,546	Johnson & Johnson 328,234	Johnson & Johnson 320,836	Johnson & Johnson 313,432.46
8	Amazon 281,888	General Electric 280,927	Facebook 297,548	JPMorgan Chase 308,768.42
9	Facebook 259,192	Facebook 263,930	Tencent 265,603	General Electric 279,545.92
10	Wells Fargo 246,035	AT&T 261,035	General Electric 261,876	Wells Fargo 276,779.12

2015

This Financial Times–based list is up to date as of December 31, 2015^[update]. Indicated changes in market value are relative to the previous quarter.

Rank
1	Apple 724,773.1	Apple 722,576.9	Apple 621,939	Apple 598,344
2	ExxonMobil 356,548.7	Microsoft 357,154.4	Google 407,870^[32]	Alphabet 534,090^[32]
3	Berkshire Hathaway 356,510.7	ExxonMobil 347,868.1	Microsoft 347,432	Microsoft 449,799
4	Google 345,849.2^[64]	Google 336,014.5^[32]	Berkshire Hathaway 318,180^[35]	Berkshire Hathaway 323,750^[35]
5	Microsoft 333,524.8	Berkshire Hathaway 336,014.5	ExxonMobil 304,245	ExxonMobil 325,167
6	Petro China 329,715.1	Petro China 319,391.6	Johnson & Johnson 257,637	Amazon 323,009
7	Wells Fargo 279,919.7	ICBC 298,531.5	General Electric 248,069	General Electric 313,892
8	Johnson & Johnson 279,723.9	Wells Fargo 289,591.3	China Mobile 243,186	Johnson & Johnson 287,153
9	ICBC 275,389.1	Johnson & Johnson 270,260.8	Novartis 240,373	Wells Fargo 281,770
10	Novartis 267,897.0	General Electric 267,717.4	Nestlé 233,361	JPMorgan Chase 245,126

2014

This Financial Times–based list is up to date as of December 31, 2014^[update]. Indicated changes in market value are relative to the previous quarter.

Rank
1	Apple 478,766.1	Apple 560,337.4	Apple 603,277.4	Apple 647,361.0
2	ExxonMobil 422,098.3	ExxonMobil 432,357.3	ExxonMobil 401,094.1	ExxonMobil 391,481.9
3	Microsoft 340,216.8	Google 358,347.3	Microsoft 381,959.7	Microsoft 382,880.3
4	Google 313,003.9	Microsoft 344,458.8	Google 361,998.4	Berkshire Hathaway 370,652.6
5	Berkshire Hathaway 308,090.6	Berkshire Hathaway 312,216.7	Berkshire Hathaway 340,055.0	Google 329,768.5
6	Johnson & Johnson 277,826.2	Johnson & Johnson 295,980.1	Johnson & Johnson 300,614.2	PetroChina 305,536.1
7	Wells Fargo 261,217.5	Wells Fargo 276,837	Wells Fargo 270,782.4	Johnson & Johnson 292,702.8
8	General Electric 259,547.3	Royal Dutch Shell 269,563.4	General Electric 257,068.4	Wells Fargo 284,385.6
9	Hoffmann-La Roche 258,542.1	General Electric 263,529.6	Novartis 255,326.4	Walmart 276,807.4
10	Walmart 246,805.7	Hoffmann-La Roche 256,322.8	Hoffmann-La Roche 254,543.8	ICBC 271,146.1

2013

This Financial Times–based list is up to date as of 31 December 2013. Indicated changes in market value are relative to the previous quarter.

Rank
1	Apple 415,683.3	ExxonMobil 401,729.8	Apple 433,099.6	Apple 504,770.8
2	ExxonMobil 403,733.1	Apple 372,202.3	ExxonMobil 378,716.2	ExxonMobil 442,142.8
3	Berkshire Hathaway 256,801.8	Microsoft 288,488.8	Berkshire Hathaway 280,001.5	Microsoft 312,297.3
4	PetroChina 254,618.7	Berkshire Hathaway 276,548.5	Microsoft 277,220.9	Google 310,079.1
5	Walmart 246,373.3	Walmart 244,079.4	Johnson & Johnson 244,298.5	Berkshire Hathaway 292,396.0
6	General Electric 239,775.6	Johnson & Johnson 241,170.9	General Electric 243,290.4	General Electric 283,589.8
7	Microsoft 239,602.3	General Electric 239,787.2	Walmart 240,773.3	Johnson & Johnson 258,415.4
8	IBM 237,724.7	Google 238,688.6	Google 237,479.4	Walmart 254,622.8
9	Nestlé 233,792.1	Chevron Corporation 229,402.6	Chevron Corporation 234,740.8	Hoffmann-La Roche 241,368.0
10	Chevron Corporation 230,831.2	ICBC 226,879.8	Hoffmann-La Roche 232,495.2	Chevron Corporation 240,223.4

2012

This Financial Times–based list is up to date as of 31 December 2012. Indicated changes in market value are relative to the previous quarter.

Rank
1	Apple 559,002.1	Apple 546,076.1	Apple 625,348.1	Apple 500,610.7
2	ExxonMobil 408,777.4	ExxonMobil 400,139.1	ExxonMobil 422,127.5	ExxonMobil 394,610.9
3	PetroChina 278,968.4	PetroChina 257,685.8	PetroChina 253,853.3	PetroChina 264,833.4
4	Microsoft 270,644.1	Microsoft 256,982.4	Microsoft 249,489.8	BHP Billiton 247,409.0
5	IBM 241,754.6	Walmart 235,900.3	Walmart 248,074.4	ICBC 236,457.9
6	ICBC 236,335.4	IBM 225,598.5	General Electric 239,791.2	China Mobile 234,040.2
7	Royal Dutch Shell 222,425.1	General Electric 220,806.3	IBM 237,068.4	Walmart 228,245.4
8	China Mobile 220,978.9	China Mobile 219,481.3	Chevron Corporation 228,707.1	Samsung Electronics 227,581.8
9	General Electric 212,317.7	Royal Dutch Shell 217,048.2	China Mobile 222,817.8	Microsoft 224,801.0
10	Chevron Corporation 211,950.6	ICBC 211,196.0	Royal Dutch Shell 222,669.6	Royal Dutch Shell 222,669.6

2011

This Financial Times–based list is up to date as of 31 December 2011. Indicated changes in market value are relative to the previous quarter.

Rank
1	ExxonMobil 417,166.7	ExxonMobil 400,884.5	Apple 353,518.1	ExxonMobil 406,272.1
2	PetroChina 326,199.2	Apple 310,412.3	ExxonMobil 353,135.2	Apple 376,410.6
3	Apple 321,072.1	PetroChina 303,649.9	PetroChina 276,473.9	PetroChina 276,844.9
4	ICBC 251,078.1	ICBC 246,850.5	IBM 208,843.5	Royal Dutch Shell 236,677.0
5	Petrobras 247,417.6	BHP Billiton 233,626.5	Microsoft 208,534.9	ICBC 228,168.1
6	BHP Billiton 247,079.5	Royal Dutch Shell 225,122.8	ICBC 206,021.4	Microsoft 218,380.1
7	China Construction Bank 232,608.6	Microsoft 219,251.9	China Mobile 198,778.7	IBM 216,724.4
8	Royal Dutch Shell 226,128.7	Nestlé 215,017.5	Royal Dutch Shell 197,061.1	Chevron Corporation 211,893.9
9	Chevron Corporation 215,780.6	Petrobras 210,111.4	Nestlé 191,115.6	Walmart 204,659.8
10	Microsoft 213,336.4	IBM 207,781.4	Chevron Corporation 185,456.1	China Mobile 196,148.4

2010

This Financial Times–based list is up to date as of 31 December 2010. Indicated changes in market value are relative to the previous quarter.

Rank
1	PetroChina 329,259.7	ExxonMobil 291,789.1	ExxonMobil 314,622.5	ExxonMobil 368,711.5
2	ExxonMobil 316,230.8	PetroChina 268,504.8	PetroChina 270,889.9	PetroChina 303,273.6
3	Microsoft 256,864.7	Apple 228,876.8	Apple 259,223.4	Apple 295,886.3
4	ICBC 246,419.8	ICBC 211,258.7	Petrobras 220,616.5	BHP Billiton 243,540.3
5	Apple 213,096.7	Microsoft 201,655.8	ICBC 213,364.1	Microsoft 238,784.5
6	BHP Billiton 209,935.1	China Mobile 201,471.2	Microsoft 210,676.4	ICBC 233,369.1
7	Walmart 209,000.7	Berkshire Hathaway 197,356.8	China Mobile 205,339.6	Petrobras 229,066.6
8	Berkshire Hathaway 200,620.5	China Construction Bank 189,170.7	Berkshire Hathaway 204,792.0	China Construction Bank 222,245.1
9	General Electric 194,246.2	Walmart 178,322.7	China Construction Bank 202,998.4	Royal Dutch Shell 208,593.7
10	China Mobile 192,998.6	Procter & Gamble 172,736.5	BHP Billiton 196,866.0	Nestlé 203,534.3

2009

This Financial Times–based list is up to date as of 31 December 2009. Indicated changes in market value are relative to the previous quarter.

Rank
1	ExxonMobil 336,527	PetroChina 366,662.9	ExxonMobil 329,725	PetroChina 353,140.1
2	PetroChina 287,185	ExxonMobil 341,140.3	PetroChina 325,097.5	ExxonMobil 323,717.1
3	Walmart 204,365	ICBC 257,004.4	ICBC 237,951.5	Microsoft 270,635.4
4	ICBC 187,885	Microsoft 211,546.2	Microsoft 229,630.7	ICBC 268,956.2
5	China Mobile 174,673	China Mobile 200,832.4	HSBC 198,561.1	Walmart 203,653.6
6	Microsoft 163,320	Walmart 188,752.0	China Mobile 195,680.4	China Construction Bank 201,436.1
7	AT&T 148,511	China Construction Bank 182,186.7	Walmart 189,331.6	BHP Billiton 201,248
8	Johnson & Johnson 145,481	Petrobras 165,056.9	Petrobras 189,027.7	HSBC 199,254.9
9	Royal Dutch Shell 138,999	Johnson & Johnson 156,515.9	China Construction Bank 186,816.7	Petrobras 199,107.9
10	Procter & Gamble 138,013	Royal Dutch Shell 156,386.7	Royal Dutch Shell 175,986.1	Apple 189,801.7

2008

This Financial Times–based list is up to date as of 31 December 2008. Indicated changes in market value are relative to the previous quarter.

Rank
1	ExxonMobil 452,505	ExxonMobil 465,652	ExxonMobil 403,366	ExxonMobil 406,067
2	PetroChina 423,996	PetroChina 341,140.3	PetroChina 325,097.5	PetroChina 259,836
3	General Electric 369,569	ICBC 257,004.4	ICBC 237,951.5	Walmart 219,898
4	Gazprom 299,764	Microsoft 211,546.2	Microsoft 229,630.7	China Mobile 201,291
5	China Mobile 298,093	China Mobile 200,832.4	HSBC 198,561.1	Procter & Gamble 184,576
6	ICBC 277,236	Walmart 188,752.0	China Mobile 195,680.4	ICBC 173,930
7	Microsoft 264,132	China Construction Bank 182,186.7	Walmart 189,331.6	Microsoft 172,929
8	AT&T 231,168	Petrobras 165,056.9	Petrobras 189,027.7	AT&T 167,950
9	Royal Dutch Shell 220,110	Johnson & Johnson 156,515.9	China Construction Bank 186,816.7	Johnson & Johnson 166,002
10	Procter & Gamble 215,640	Royal Dutch Shell 156,386.7	Royal Dutch Shell 175,986.1	General Electric 161,278

2007

This Financial Times–based list is up to date as of 31 December 2007. Indicated changes in market value are relative to the previous quarter.

Rank
1	ExxonMobil 429,567	ExxonMobil 472,519	ExxonMobil 513,362	Petrochina 723,952
2	General Electric 363,611	General Electric 393,831	General Electric 424,191	ExxonMobil 511,887
3	Microsoft 272,912	Microsoft 281,934	China Mobile 327,937	General Electric 374,637
4	Citigroup 252,857	Royal Dutch Shell 266,141	ICBC 279,269	China Mobile 354,120
5	AT&T 246,206	AT&T 255,871	Microsoft 276,202	ICBC 338,989
6	Gazprom 245,911	Citigroup 253,703	Royal Dutch Shell 264,397	Microsoft 333,054
7	Toyota 230,832	Gazprom 245,757	Gazprom 260,249	Gazprom 329,591
8	Bank of America 228,177	BP 231,491	AT&T 258,047	Royal Dutch Shell 269,544
9	ICBC 224,788	Toyota 228,009	Citigroup 232,162	AT&T 252,051
10	Royal Dutch Shell 214,018	Bank of America 216,963	Bank of America 223,066	Sinopec 249,645

2006

This Financial Times–based list is up to date as of December 2006. Indicated changes in market value are relative to the previous quarter.

Rank
1	ExxonMobil 371,631	ExxonMobil 371,187	ExxonMobil 398,906	ExxonMobil 446,943
2	General Electric 362,527	General Electric 342,731	General Electric 364,414	General Electric 383,564
3	Microsoft 281,171	Gazprom 246,341	Microsoft 272,679.0	Microsoft 293,537
4	Citigroup 238,935	Citigroup 239,862	Gazprom 254,634.3	Citigroup 273,691
5	BP 233,260	Microsoft 237,688	Citigroup 246,727	Gazprom 271,482
6	Bank of America 211,706	BP 233,151	Bank of America 242,451	ICBC 254,592
7	Royal Dutch Shell 211,280	Royal Dutch Shell 224,925	Royal Dutch Shell 216,368	Toyota 241,161
8	Walmart 196,860	Bank of America 219,504	BP 215,623	Bank of America 239,758
9	Toyota 196,731	HSBC 201,854	HSBC 209,774	Royal Dutch Shell 225,781
10	Gazprom 196,339	Walmart 200,762	Pfizer 206,785	BP 218,643

2005

This Financial Times–This list is up to date as of 31 March 2005.^[101]

Rank	Name	Country	Primary industry	Market value (USD million)
1	General Electric	United States	Conglomerate	382,233
2	ExxonMobil	United States	Oil and gas	380,567
3	Microsoft	United States	Software industry	262,975
4	Citigroup	United States	Banking	234,437
5	BP	United Kingdom	Oil and gas	221,365
6	Walmart	United States	Retail	212,209
7	Royal Dutch Shell	Netherlands United Kingdom	Oil and gas	210,630
8	Johnson & Johnson	United States	Health care	199,711
9	Pfizer	United States	Health care	195,945
10	Bank of America	United States	Banking	178,765

2004

This Financial Times–based list is up to date as 31 March 2004.^[102]

Rank	Name	Country	Primary industry	Market value (USD million)
1	General Electric	United States	Conglomerate	299,336
2	Microsoft	United States	Software industry	271,911
3	ExxonMobil	United States	Oil and gas	263,940
4	Pfizer	United States	Health care	261,616
5	Citigroup	United States	Banking	259,191
6	Walmart	United States	Retail	258,888
7	American International Group	United States	Insurance	183,696
8	Intel Corporation	United States	Computer hardware	179,996
9	BP	United Kingdom	Oil and gas	174,648
10	HSBC	United Kingdom	Banking	163,574

2003

This Financial Times–based list is up to date as December 2003.^[103]

Rank	Name	Country	Primary industry	Market value (USD million)
1	Microsoft	United States	Software industry	264,003
2	General Electric	United States	Conglomerate	259,647
3	ExxonMobil	United States	Oil and gas	241,037
4	Walmart	United States	Retail	234,399
5	Pfizer	United States	Health care	195,948
6	Citigroup	United States	Banking	183,887
7	Johnson & Johnson	United States	Health care	170,417
8	Royal Dutch Shell	Netherlands United Kingdom	Oil and gas	149,034
9	BP	United Kingdom	Oil and gas	144,381
10	IBM	United States	Computer software, computer hardware	139,272

2002

This Financial Times–based list is up to date December 2002.^[104]

Rank	Name	Country	Primary industry	Market value (USD million)
1	General Electric	United States	Conglomerate	372,089
2	Microsoft	United States	Software industry	326,639
3	ExxonMobil	United States	Oil and gas	299,820
4	Walmart	United States	Retail	273,220
5	Citigroup	United States	Banking	255,299
6	Pfizer	United States	Health care	249,021
7	Intel Corporation	United States	Computer hardware	203,838
8	BP	United Kingdom	Oil and gas	200,794
9	Johnson & Johnson	United States	Health care	197,912
10	Royal Dutch Shell	Netherlands United Kingdom	Oil and gas	189,913

2001

This Financial Times–based list is up to date as 31 March 2001.^[105]

Rank	Name	Country	Primary industry	Market value (USD million)
1	General Electric	United States	Conglomerate	477,406
2	Cisco Systems	United States	Networking hardware	304,699
3	ExxonMobil	United States	Oil and gas	286,367
4	Pfizer	United States	Health care	263,996
5	Microsoft	United States	Software industry	258,436
6	Walmart	United States	Retail	250,955
7	Citigroup	United States	Banking	250,143
8	Vodafone	United Kingdom	Telecommunications	227,175
9	Intel	United States	Computer hardware	227,048
10	Royal Dutch Shell	Netherlands United Kingdom	Oil and gas	206,340

2000

This Financial Times–based list is up to date as 31 March 2000.^[106]

Rank	Name	Country	Primary industry	Market value (USD million)
1	Microsoft	United States	Software industry	586,197
2	General Electric	United States	Conglomerate	474,956
3	NTT Docomo	Japan	Telecommunications	366,204
4	Cisco Systems	United States	Networking hardware	348,965
5	Walmart	United States	Retail	286,153
6	Intel	United States	Computer hardware	277,096
7	Nippon Telegraph & Telephone	Japan	Telecommunications	274,905
8	ExxonMobil	United States	Oil and gas	265,894
9	Lucent	United States	Telecommunications	237,668
10	Deutsche Telekom	Germany	Telecommunications	209,628

1999

The 10 largest companies in the world by market capitalization in 1999^[107]

Rank	Name	Country	Industry	Market value (USD million)
1	Microsoft	United States	Software industry	602,430
2	General Electric	United States	Conglomerate	507,220
3	Cisco Systems	United States	Computer hardware	357,110
4	Wal-Mart	United States	Retail	307,520
5	ExxonMobil	United States	Oil and gas	278,870
6	Intel	United States	Computer hardware	275,010
7	Nippon Telegraph & Telephone	Japan	Telecommunications	272,050
8	Lucent	United States	Telecommunications	227,990
9	Nokia	Finland	Telecommunications	218,990
10	Deutsche Telekom	Germany	Telecommunications	216,070

1998

This Financial Times–based list is up to date as of 30 September 1998.^[108]

Rank	Name	Country	Primary industry	Market value (USD million)
1	Microsoft	United States	Software	271,854
2	General Electric	United States	Conglomerate	258,871
3	ExxonMobil	United States	Oil and gas	172,213
4	Royal Dutch Shell	Netherlands United Kingdom	Oil and gas	164,157
5	Merck	United States	Health care	154,753
6	Pfizer	United States	Health care	148,074
7	Intel	United States	Computer hardware	144,060
8	The Coca-Cola Company	United States	Beverage	142,164
9	Walmart	United States	Retail	123,062
10	IBM	United States	Software, computer hardware	121,184

1997

This Financial Times–based list is up to date as of 30 September 1997.^[109]

Rank	Name	Country	Primary industry	Market value (USD million)
1	General Electric	United States	Conglomerate	222,748
2	Royal Dutch Shell	Netherlands United Kingdom	Oil and gas	191,002
3	Microsoft	United States	Software industry	159,660
4	ExxonMobil	United States	Oil and gas	157,970
5	The Coca-Cola Company	United States	Beverage	151,288
6	Intel	United States	Computer hardware	150,838
7	Nippon Telegraph & Telephone	Japan	Telecommunications	146,139
8	Merck	United States	Health care	120,757
9	Toyota	Japan	Automotive	116,585
10	Novartis	Switzerland	Health care	104,468

1996

This Financial Times–based list is up to date as of 30 September 1996.^[110]

Rank	Name	Country	Primary industry	Market value (USD million)
1	General Electric	United States	Conglomerate	136,515
2	Royal Dutch Shell	Netherlands United Kingdom	Oil and gas	128,206
3	The Coca-Cola Company	United States	Beverage	117,258
4	Nippon Telegraph & Telephone	Japan	Telecommunications	113,609
5	ExxonMobil	United States	Oil and gas	102,161

Notes

References

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Extreme wealth

Concepts

Capital accumulation Overaccumulation Economic inequality Wealth distribution Income distribution Consumption distribution International inequality Elite Oligarchy Overclass Plutocracy Plutonomy Primitive accumulation of capital Upper class Nouveau riche (new money) Vieux riche (old money) Luxury goods Veblen goods Conspicuous consumption Conspicuous leisure
People	Billionaire Captain of industry High-net-worth individual UHNWI Magnate Business Millionaire Oligarch Business Russian Ukrainian Robber baron
Wealth	Concentration Distribution Dynastic Effect Geography Inherited Management National Paper Religion Tax

Lists

People	Forbes list of billionaires List of centibillionaires Female billionaires Richest royals Wealthiest Americans Wealthiest families
Organizations	Largest companies by revenue Largest corporate profits and losses Largest corporations by market capitalization Largest financial services companies by revenue Largest manufacturing companies by revenue Largest software companies by revenue Largest technology companies by revenue Charities Philanthropists Universities Endowment size Number of billionaire alumni
Other	Cities by number of billionaires Countries by number of billionaires Countries by total wealth Countries by wealth inequality Wealth inequality in the United States Income inequality in the United States Most expensive items by category Wealthiest animals

Diseases of affluence Affluenza Acquired situational narcissism Argumentum ad crumenam Prosperity theology
Philanthropy	Gospel of Wealth The Giving Pledge Philanthrocapitalism Venture philanthropy
Sayings	The rich get richer and the poor get poorer Socialism for the rich and capitalism for the poor Too big to fail
Media	Das Kapital Plutus Greek god of wealth Superclass List The Theory of the Leisure Class Wealth The Wealth of Nations

Category
- by country