In downtown Los Angeles, Microsoft Square is home to Microsoft, the world’s largest company in terms of market cap according to a recent study by CEOWORLD Magazine. The study ranked the world’s largest companies based on their market capitalization, which refers to the total dollar value of a company’s outstanding shares of stock. Among the top companies were Microsoft with a $3 trillion market cap, Apple with a $2.87 trillion market cap, Saudi Arabian Oil Company with a $2 trillion market cap, Amazon with a $1.87 trillion market cap, and Alphabet Inc. with a $1.77 trillion market cap.
The ranking was dominated by U.S. companies, with only four non-U.S. companies making the list: Saudi Arabian Oil Company, Taiwan Semiconductor Manufacturing Company Limited, Novo Nordisk A/S, and LVMH. Several U.S. companies from last year’s list maintained their top rankings, including Apple and Microsoft, while newcomers such as Home Depot, Adobe, Chevron and Salesforce made this year’s top 25 that weren’t on last year’s ranking.
The ranking included companies from 12 different countries including the United States, Saudi Arabia, Taiwan, Denmark and France. The total revenue for the entire CEOWORLD 50 Global stands at $29.63 trillion which is equivalent to 6.7 times Germany’s GDP . The sources for this information were CEOWORLD Magazine and Investopedia