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The top 3 richest businesses in the world according to Market Cap 2022
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By Hugh Fort in Spotlight, posted December 20, 2022
In the Business world, you never know what to expect.
One day a company could be leading in the stock market, and then the next, it plummets to the bottom.
Various metrics are used to determine a company's value. One rather popular one is based on market capitalization, typically known as a market cap in stock market terminology.
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To work out a company's market cap, you must multiply the company's most recent market price by outstanding shares published by the company.
Apple Inc
With no surprise, the top of the list is the American multinational technology company.
It is worth a whopping $2.294 trillion.
According to 2021 statistics, Apple Inc made a total of $275 billion in revenue.
This business has come a long way, from developing laptops and iPhones in 1976 to smartwatches, AirPods and even digital pens.
It has over 516 retail stores internationally and employs almost 147,000 employees.
Apple is the first public company in the world to reach a $2 trillion market cap in 2020.
Saudi Aramco
Saudi Aramco is a Saudi Arabian petroleum and natural gas company established in Dhahran.
It comes in as second on the list, worth a massive $2.206 trillion.
Saudi Aramco is a Saudi Arabian petroleum and natural gas company established in Dhahran.
The company only went public three years ago and is now the world's second-largest.
It is owned by the Saudi Arabian government and has 270 billion barrels of crude oil reserves.
The business contributes to 44 percent of global oil production.
$25.6 billion was raised during its initial public offer, and it had revenue of $230 billion in 2020.
Aramco has associates in Russia, Japan, UAE, the USA, China, Great Britain, and various other countries.
The company employs roughly 66,800 employees worldwide, and the Saudi Arabian government keeps 98.5% of the firm's stake.
Microsoft
Microsoft Corporation is a multinational technology company creating computer software based in Washington.
It is the world's third-largest business, with a market cap of $1.979 Trillion.
The company was founded in 1975 by Paul Allen and Bill Gates.
Microsoft is by far one of the leading personal computer software markets.
The Microsoft Windows operating system was a massive success, creating immense profits for the business.
It achieved $143 billion worth of revenue and has 166,475 employees worldwide.
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