What Are The Top 5 Trillion Dollar Companies In The World? (2024)

It's rare we see a company reach a trillion dollar valuation, to pass that milestone companies have immense size, huge successes and a great deal of influence in the economy.

These businesses impact daily lives, and for the most part, are companies we engage with regularly through their products or services.

As of June 2023, there are currently five trillion dollar companies on the planet, with other companies touching the valuation, but have since fallen back into the billions.

Here are the five trillion dollar companies in the world:

1. Apple - $2.82 trillion

Apple surpassed its trillion dollar valuation in 2018, and is now the largest technology company by revenue. The company's valuation did plunge below $800bn in 2019, however it did recover quickly and was back above the trillion dollar mark before the end of the year.

Founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne, it was the first company to reach $2tn in 2020, and even reached $3tn last year, with the company's market capitalisation higher than the GDP of countries like Canada and Australia.

2. Microsoft - $2.48 trillion

Microsoft became a trillion dollar company in April 2019, with the technology company cementing itself alongside Apple as one of the biggest and most influential firms in the world.

The company, established in 1975 by Bill Gates and Paul Allen, has thefourth-highestglobalbrand valuation as of 2022, with the company's latest endeavour involving a multi billion dollar investment deal into Open Ai's ChatGPT, which has become a phenomenon since its inception.

3. Saudi Aramco - $2.09 trillion

Saudi Aramco was established in 1933 after the Saudi Arabian government granted a concession to Standard Oil Company of California (SOCAL).

In 2019, the country listed 1.5% of the company's value as an initial public offering (IPO), and broke records on its opening day of trading with the company hitting the trillion dollar valuation making it the biggest IPO in history.

The very next day its valuation soared over $2tn, with it also being the only trillion dollar company listed outside the US.

4. Alphabet - $1.62 trillion

Parent company of Google, Alphabet, was set up in 2015 by Larry Page and Sergey Brin, and became the parent company for Google and its subsidiaries.

It was created due to a desire to make the core Google business "cleaner and more accountable" while allowing greater autonomy to group companies that operate in businesses other than Internet services.

Alphabet is the world's third-largest technology company by revenue and is among the big five American technology companies alongside Meta, Amazon, Microsoft and Apple.

5. Amazon - $1.29 trillion

Amazon hit its trillion dollar valuation a month after Apple, but was also affected by market slumps.

However, by 2020 they had surpassed expectations and regained the trillion dollar valuation, whilst also boasting 150 million Amazon prime subscriptions.

Founded in 1994 by Jeff Bezos, who's owned valuation is soaring towards $100 billion, the company started off as an online marketplace for books but has now expanded into a multitude of product categories, whilst boasting many subsidiaries and also acquiring companies like Twitch and IMDB.

Companies who have surpassed but not maintained a $1tn valuation

There have been companies who have hit the trillion dollar valuation, but have since lost the valuation for a variety of reasons. Graphical processor unit manufacturer, NVIDIA, surpassed $1tn, thanks to its development of hardware that's underpinning the rise of AI.

Market fluctuation has seen it's value once again drop below the trillion dollar mark, although it is expected to continue to be a major factor in the AI movement.

Tesla, founded by Elon Musk, reached a trillion dollar valuation in October 2021, but has continually dropped in out of the club as shares rise and fall. In April 2022, the company dropped out of the exclusive club and is yet to surpass the valuation.

Tesla continues to be a pioneer in the transport space and has solidified its place as a massive player on the global market.

Finally, Meta, led by CEO and co-founder Mark Zuckerberg, is another company who reached the valuation milestone, but like Tesla, the social media giant has seen its valuation fluctuate and now sits at $675bn as its market cap.