© IE Online Media Services Pvt Ltd
Tags:
Journalism of Courage
The largest companies in the world are the powerhouses of the global economy, driving the industry forward with unparalleled profits, market value, and influence. In the top 10 largest companies, the US is leading with over $4 trillion of those assets belonging to JPMorgan Chase, which held the No. 1 spot on the list for the second consecutive year.
America’s largest bank posted a record $50 billion in net income and surpassed $500 billion in market capitalisation for the first time. It grew stronger through last year’s regional banking crisis by attracting more customer deposits and acquiring First Republic Bank out of insolvency.
Emerging markets like India are gaining strength, with India having 71 companies on the Global 2000, up from 55 the previous year, surpassing the United Kingdom and South Korea to become one of the top five most represented countries.
Notably, India’s largest company, Reliance Industries, headed by billionaire Mukesh Ambani, is ranked 49th with $109 billion in 12-month sales and a $233 billion market capitalisation.
As the Forbes Global 2000 (2024) ranks the largest companies in the world using four metrics: sales, profits, assets and market value, explore the top 10 world’s largest companies in 2024.
| Rank | Company Name | Country | Sales | Profit | Assets | Market Value |
| 1 | JPMorgan Chase | United States of America (USA) | $252.91 B | $50.05 B | $4,090.73 B | $588.09 B |
| 2 | Berkshire Hathaway | United States of America (USA) | $368.96 B | $73.42 B | $1,070.04 B | $899.14 B |
| 3 | Saudi Arabian Oil Company (Saudi Aramco) | Saudi Arabia (KSA) | $489.07 B | $116.95 B | $661.54 B | $1,919.26 B |
| 4 | ICBC | China | $223.85 B | $50.38 B | $6,586.01 B | $215.2 B |
| 5 | Bank of America | United States of America (USA) | $183.28 B | $25.03 B | $3,273.8 B | $307.26 B |
| 6 | Amazon | United States of America (USA) | $590.74 B | $37.68 B | $530.97 B | $1,922.1 B |
| 7 | China Construction Bank | China | $199.84 B | $47.01 B | $5,403.8 B | $187.5 B |
| 8 | Microsoft | United States of America (USA) | $236.58 B | $86.18 B | $484.27 B | $3,123.13 B |
| 9 | Agricultural Bank of China | China | $193.5 B | $37.38 B | $5,832.95 B | $170.94 B |
| 10 | Alphabet (Google) | United States of America (USA) | $317.92 B | $82.41 B | $407.35 B | $2,177.68 B |
| Check India’s Largest Company Ranking | ||||||
| 49 | Reliance Industries | India | $108.83B | 12.47B | $150.36B | $272.09B |
Source: Forbes Global 2000 (Year: 2024)
JPMorgan Chase & Co., an American financial holding company headquartered in New York City, has ranked as the largest company in the world, a spot it has held onto for the second consecutive year. It is also the largest US-based bank and the fifth-largest bank in the world in terms of total assets. Founded by J. P. Morgan in 1871, the company provides financial and investment banking services and offers a wide range of products and services in all capital markets.
Berkshire Hathaway, an American multinational conglomerate holding company headquartered in Omaha, Nebraska, is the second-largest company in the world. Founded and primarily controlled by famed investor and founder Warren Buffett, the holding company has subsidiaries in various sectors including insurance, railroads, energy, manufacturing, wholesale distribution, and finance.
Headquartered in Dhahran, Saudi Arabia, and the world’s largest oil producer, the Saudi Arabian Oil Group or Saudi Aramco (formerly known as the Arabian-American Oil Company) is an energy and chemicals company owned by the government of Saudi Arabia.
A Chinese multinational bank, headquartered in Beijing, is not just the fourth-largest company in the world but also the largest bank in both the People’s Republic of China and the world when considering total assets. It offers a wide range of financial services, including consumer banking, corporate banking, and investment banking.
The second-largest bank, Bank of America, is an American multinational banking and financial services corporation headquartered in Charlotte, North Carolina. With a significant investment banking, wealth management, and trading presence, Bank of America offers financial and investment banking services, as well as consumer and commercial banking products.
A global technology and e-commerce company, Amazon.com Inc., headquartered in Seattle, Washington, was founded by Jeff Bezos. The company’s diverse revenue streams, including its subscription services, entertainment and advertising, and increasing physical retail presence, in addition to cloud computing and artificial intelligence, make it the sixth-largest company in the world.
China Construction Bank is a Chinese multinational bank headquartered in Beijing and is the seventh-largest company in the world. It offers a wide range of financial services including consumer banking, corporate banking, and investment banking.
Microsoft Corporation is one of the most successful technology companies in the world and a leader in the software industry. It is an American multinational technology company and is one of the largest companies in the world with its headquarters in Redmond, Washington. Founded by billionaire Bill Gates, Microsoft is best known for its Windows operating system and Office suite of productivity applications.
The second-largest bank in the world in terms of total assets, the Agricultural Bank of China is a Chinese multinational bank headquartered in Beijing. It is the ninth-largest company in the world, offering a wide range of financial services, including consumer banking, corporate banking, and investment banking. It also operates in other parts of the globe, such as Asia Pacific, the Middle East, Europe, and the Americas.
Alphabet Inc. is an American technology giant and multinational conglomerate, headquartered in Mountain View, California. It is the parent company of Google, the world’s most popular search engine, and has a diverse range of businesses, including cloud computing, advertising, and hardware, making it one of the top five American information technology companies and the tenth-largest companies in the world.
Led by billionaire Mukesh Ambani, Reliance Industries Ltd., based in Mumbai, India, is one of the largest Indian companies, ranking 49th globally. It is a multinational conglomerate with businesses in energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles, and has a market capitalisation of $272.09 billion.
