Journalism of Courage
This is an archive article published on September 11, 2024
Top 10 companies set to join the trillion-dollar club
Top Companies Joining Trillion-Dollar Club 2024: Taiwan Semiconductor Manufacturing Company (TSMC) is expected to reach a trillion-dollar market cap by 2025 with an average annual growth rate of 32.14%.
Top 10 companies predicted to join trillion-dollar club by 2029, led by TSMC. Key players include Berkshire Hathaway, Eli Lilly, and Broadcom. (canva)
10 Companies Joining The Trillion-Dollar Club: In today’s interconnected global economy, multinational corporations stand at the forefront of innovation, significantly influencing trends across various industries.
These companies serve as economic powerhouses, propelling industry advancement through remarkable profits, substantial market value, and considerable influence.
By engaging in intense competition to establish themselves as the largest and most valuable companies in the world, they strive to expand their market capitalisation.
Many business leaders have achieved billionaire status by managing trillion and billion-dollar enterprises; however, the world has yet to have its first trillionaire.
Notably, the world’s richest—Elon Musk and India’s richest—Gautam Adani are currently on track to become trillionaires by 2027 and 2028, respectively, as forecasted by Informa Connect Academy.
Looking at brands, seven companies have reached the remarkable milestone of trillion-dollar valuations.
The world’s trillion-dollar businesses in 2024:
It was the Chinese oil and gas company, PetroChina, the first entity to achieve a market cap of $1 trillion in 2007—and also became the first to exceed $3 trillion in June 2023.
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While not the first global company to reach a trillionaire market cap, Microsoft is presently leading the way with a $3.394 trillion market cap as of 2024. Following, with a present market cap of $3.323 trillion, Apple follows in second place, entering the trillion-dollar club in 2018.
Trillion-Dollar Businesses (source: Informa Connect Academy)
Top 10 companies most likely to join the trillion-dollar club in 2024:
Taiwan Semiconductor Manufacturing Company, the third largest semiconductor manufacturer in the world, is expected to reach a trillion-dollar market cap by 2025 with an average annual growth rate of 32.14%.
Informa Connect Academy predicts that these corporations will enter the trillion-dollar group through the $1 trillion market cap valuation.
| Rank | Company | Country | Market Cap (2024) | Predicted year |
| 1 | TSMC | Taiwan | $893.71 billion | 2025 |
| 2 | Berkshire Hathaway | USA | $874.76 billion | 2025 |
| 3 | Eli Lilly | USA | $823.30 billion | 2025 |
| 4 | Broadcom | USA | $763.77 billion | 2025 |
| 5 | Tesla | USA | $669.28 billion | 2025 |
| 6 | Novo Nordisk | Denmark | $647.66 billion | 2026 |
| 7 | Exxon Mobil | USA | $515.70 billion | 2028 |
| 8 | ASML Holding | Netherlands | $407.80 billion | 2028 |
| 9 | AMD | USA | $254.87 billion | 2028 |
| 10 | Costco | USA | $374.91 billion | 2029 |
Source: Informa Connect Academy
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Note: The predictions were based on the market capitalization of the world’s 50 most valuable publicly traded companies as of July 3rd, 2024, and their average annual growth rates over the last five years. These were used to estimate how many years it would take each company to reach a market cap of $1 trillion.
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