Despite the challenges Americans are facing with high grocery prices and soaring mortgage rates, the US economy is showing remarkable strength. Whether the country is simply the best of a bad bunch in a tough global landscape or a trailblazer in the AI revolution, investors are taking notice and putting their faith in the US market. This article ranks the world's top companies based on four key metrics: sales, profits, assets, and market value. And according to these metrics, JPMorgan Chase takes the top spot as the largest company in the world.
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List of 10 Biggest Companies In The World 2024
The list is mostly US-centric because 6 out of the top 10 companies are from the United States. Check the complete list below:
| Rank | Name | Country/Territory | Sales | Profit | Assets | Market Value |
| 1 | JPMorgan Chase | United States | $252.91 B | $50.05 B | $4,090.73 B | $588.09 B |
| 2 | Berkshire Hathaway | United States | $368.96 B | $73.42 B | $1,070.04 B | $899.14 B |
| 3 | Saudi Arabian Oil Company (Saudi Aramco) | Saudi Arabia | $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 | $183.28 B | $25.03 B | $3,273.8 B | $307.26 B |
| 6 | Amazon | United States | $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 | $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 | United States | $317.92 B | $82.41 B | $407.35 B | $2,177.68 B |
Warren Buffett's Berkshire Hathaway made a massive comeback, jumping from 338th to 2nd place on the list! Last year, the company's investment losses on paper led to a negative net income, but this year's market rebound helped Berkshire Hathaway regain its footing. Meanwhile, Amazon also bounced back into the top 10, thanks to the market's resurgence. It's a thrilling turnaround for both companies!
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Largest Companies In The World 2024
This list is inspired by Forbes' Global 2000, which ranks the world's largest companies based on four key metrics: sales, profits, assets, and market value. The companies on this year's list are truly massive, with a combined total of $51.7 trillion in sales, $4.5 trillion in profits, $238 trillion in assets, and $88 trillion in market value! That's a staggering amount of economic power. Companies from 61 different countries are represented, and the ranking is based on financial data from the past 12 months, up to May 17, 2024.
JPMorgan Chase
JPMorgan Chase is the clear winner, topping the list for the second year in a row! This banking giant has a whopping $4 trillion in assets, a significant chunk of the total. JPMorgan Chase had a record-breaking year, raking in $50 billion in net income and reaching a market value of over $500 billion for the first time ever. Despite last year's banking crisis, JPMorgan Chase emerged stronger than ever, attracting more customer deposits and even acquiring First Republic Bank.
Berkshire Hathaway
Warren Buffett's Berkshire Hathaway made a stunning comeback, jumping from 338th to 2nd place on the list! Last year, the company's investment losses on paper led to a negative net income, but this year Berkshire Hathaway bounced back with a profit of more than $70 B. The legendary investor's company is once again the second-largest on the list, a testament to Buffett's enduring business acumen.
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Saudi Aramco
Saudi Aramco has finally achieved its goal of winning over international investors, after a successful $11.2 billion secondary share sale earlier this month. The state-owned oil and gas giant first went public in 2019, but back then, most of the support came from domestic investors. While it still managed to reach a valuation of $1.7 trillion, it fell short of the $2 trillion target Saudi Arabia had hoped for. This time around, Saudi Aramco has proven its ability to attract investors from around the world, solidifying its position as a global energy powerhouse.
ICBC
The Industrial and Commercial Bank of China (ICBC) is the highest-ranking Chinese company on the list, coming in at number four. Although it dropped one spot from last year and two spots from 2022, when it was number two, ICBC was the number one company on the list for nine consecutive years before that. It's still one of the biggest players in the global finance industry, with assets totaling a whopping $6.30 trillion in 2023.
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