The global economy has been hit hard by the ongoing pandemic as the year 2020 saw several companies showing a fall in their revenues and reductions in their market value. Accordingly we have made this list of the Top 20 Largest companies in 2021. The MSCI World Index dropped down by 21% because of market volatility in the first half of the year and the share price of several companies dropped down in the stock exchanges.
The second half proved comparatively better for several industries as the data improved and they started recovering the lost ground. The year 2021 has shown a considerable economic recovery from last year so far as some sectors especially healthcare, retail and technology have seen record highs in their personal data and other business sectors are also trying to manage their earlier loss
The Global top 100 companies have shown a remarkable increase of 48% from 10.3 trillion US dollar to 31.7 Trillion US dollar from 31st March 2020 to 31st March 2021.
The top 20 largest companies in 2021 include
1. Apple Inc
The technology sector showed an increase of 71% and American Origin Apple with a market cap of 2,098.47 billion US dollars and brand value of 352.06 billion US dollars proved to be a trendsetter as the world’s largest company. Since January 2021 the top brand has 1.65+ billion products in use in the global market and manages 511 retail stores with 147,000 full-time employees
With headquarters in California, Apple Inc design, create, market and develop computer software, consumer electronics and online services. Since January 2021 at 274.5 billion US dollar, it is ranking as the largest technology corporation in the world by revenue and posted its annual net income for ending March 31st 2021 at 76.311 billion dollars with an increase of 33.38%.
2. Microsoft
Another technology brand that has gained access to the list of largest companies is American origin Microsoft with a market capitalization of 1,842.07 billion US dollars and brand value of 326,544 million US dollar. It is involved in selling, licensing, manufacturing and developing personal computers, consumer electronics and computer software.
Founded in 1975, Microsoft serves a global market from its headquarters in Redmond, Washington. In the Fortune 500 2020 list, it achieved 21st position. The global company has posted its revenues and net income for the year ending 31st March 2021 at 159.969 billion dollars with an increase of 15.34% year-over-year and 56.015 billion dollars with an up of 21.07% year-over-year respectively.
3. Amazon
With a market cap of 1,647.88 billion US dollars and a brand value of 415,855 million US dollars the American origin technology brand, Amazon has gained access to the list of the top 20 largest global companies in 2021. It deals in artificial intelligence, digital streaming, cloud computing and e-commerce.
Described as the most valuable and influential company, Amazon is known for its high-end products like Amazon Alexa, Amazon Web Service, Amazon Appstore and Amazon Prime etc. Its revenues and net income for the year ending 31st March 2021 are 419.130 billion dollars with an increase of 41.47% year-over-year and 26.903 billion dollars with an up of 154.72% year-over-year respectively.
4. Alphabet Inc.
The multinational conglomerate Alphabet Inc. is an American corporation that was founded in the year 2015 and serves a worldwide market through its headquarters based at Googleplex, California. It is ranked as fourth-largest in terms of market cap at 1,565.29 billion US dollar. It is also one of the most valuable global companies and the fourth-largest in the world based on revenues.
The revenues and net income of the world-renowned Alphabet Inc. are 196.682 billion dollars with an 18% increase year-over-year and 51.363 billion dollars with a 48.78% increase year-over-year respectively for the year ending 31st March 2021.
5. Facebook
Market cap of 899.05 billion US dollar and brand value of 147,190 million US dollar has made the American origin conglomerate Facebook a force to reckon with. Founded in the year 2004 the global company is associated with technology and operates as a social networking service, advertising and social media platform.
Facebook has lots of brands under its umbrella including WhatsApp, Messenger, Instagram, Facebook and Oculus VR and two divisions like Facebook Technologies and Facebook Financial with which it serves a global market. The revenues and net income for the year ending 31st March 2021 are 94.399 billion dollars and 33.741 billion dollars respectively.
6. Berkshire Hathaway Inc
Another American conglomerate makes it to the top 20 largest companies of 2021. It is none other than Berkshire Hathaway Inc. at 6th position with a market capitalization of 661.72 billion US dollar. it is the tenth-largest conglomerate in the world based on revenues at 248.844 billion dollars.
The multinational holding organization was founded in the year 1839 by its founder Oliver Chance. Currently, it is headed by Warren Buffett who has included a diversified range of businesses like home furnishings, railroads, gas and electric utilities and confectionery.
7. Tesla Inc.
Founded in the year 2003 Tesla Inc. is an American origin Tesla Inc. that is based in Palo Alto, California and headed by its CEO Elon Musk. With a market cap of 553.13 billion US dollar, it is firmly placed at 7th position as largest companies in 2021.
The product and service portfolio of Tesla includes solar panels, battery energy storage, electric cars, solar roof tiles, software upgrades, charging, insurance and vehicle servicing etc. The revenues and net income of this renowned brand are 35.940 billion dollars and 1.112 billion dollars respectively for the year ending 31st March 2021.
8. Visa Inc.
With a market capitalization of 499.96 billion US dollar and a brand value of 186,809 million US dollar, the American origin Visa Inc. is placed at 8th position in the list of top 20 largest global companies in 2021.
The public company was founded in the year 1958 by its founder Dee Hock and serves a global market from its base at Foster City, California. It is associated with financial service and assists in online or electronic funds transfer all over the globe. Its revenues and net income are estimated at 21.354 billion dollars and 10.662 billion dollar respectively for the year ending 31st March 2021.
9. JP Morgan Chase & Co
With a market cap of 498.84 billion US dollar, the American origin JP Morgan Chase & Co is one of the oldest and iconic banking institutions in the world. Founded in the year 2000, it is one of the “Big Four Banks of America”. The Company’s revenues and net income for the year ending 31st March 2021 are 130.143 billion dollars and 38.830 billion dollars respectively.
JP Morgan Chase & Co is a custodian and universal bank offering financial service and investment banking to its clients and customers in 100+ global markets with help of 250K+ employees. Its product portfolio includes wealth management, asset management, treasury services and private banking.
10. Johnson & Johnson
One of the top companies by market cap is the multinational global giant Johnson & Johnson at 448.78 billion US dollar. Founded in the year 1886, the iconic brand has posted revenues and net income for the year ending 31st March 2021 at 84.214 billion dollars and 15.115 billion dollars respectively.
The American origin Johnson & Johnson is associated with pharmaceutical, consumer healthcare and medical devices and serves a global market from its headquarters at New Brunswick, US. Adjudged as one of the most valuable companies in the world it has a credit rating of AAA.
11. Walmart
The retail market has seen a tremendous surge in the year 2021 and one of the top companies by market cap this year is Walmart at 390.63 billion US dollar. For the fiscal year ending 31st March 2021, it has posted revenues of 559.2 billion US dollars, total assets of 252.5 billion dollars and operating income of 22.55 billion dollars. The net income was posted at 13.7 billion dollars.
Founded in the year 1962 the American corporation has spread its presence around the globe with help of 10,526 stores and clubs in 24 countries since 30th April 2021. As per the Fortune Global 500 list of 2020, it is the world’s largest companies based on revenue and largest private employer with 2.2 million employees
12. United Health Group
With a market capitalization of 386.06 billion US dollars, the American origin United Health Group has entered the list of largest companies of 2021. It is associated with managed healthcare and insurance industries and is ranked at 7th position as per the 2020 Fortune 500 list. It is one of the top companies by market value of 332.885 billion dollars in 2020.
United Health Group is one of the largest insurance companies by net premiums and revenues which were 262.916 billion dollars for the year ending 31st March 2021, a 6.7% increase in year-over-year
13. Bank of America
One of the top companies by market cap is the Bank of America with 366.42 billion US dollar. It is one of the leading financial institutions with a diversified range of products like investment management, banking, risk management and financial management.
Founded in 1998 it is the second-largest bank in the United States and eighth-largest in the world. It serves a global market with help of 4,600 financial centres and 16,200+ ATMs. Bank of America has posted revenues and net income for the year ending 31st March 2021 at 91.037 billion dollars and 20.492 billion dollars respectively.
14. Mastercard
Founded in 1966 Mastercard is an American origin brand associated with financial services. It is one of the top companies by market capitalization of 357.27 billion US dollar and a brand value of 108,129 million US dollar.
The global payment and technology company process payments through its credit cards. Its revenues and net income for the year ending 31st March 2021 are 15.447 billion dollars and 6.546 billion dollars respectively.
15. NVIDIA
NVIDIA Corporation is an American origin technology company with a market cap of billion 351.75 US dollar. Founded in the year 1993 and based in Santa Clara, California, it has spread its presence to the worldwide market.
NVIDIA is associated with several sectors like computer hardware, consumer electronics, video games, artificial intelligence and semiconductors. The company’s revenues and net incomes are 19.256 billion dollars up 63.49% and 5.327 billion dollars up 60.5% year-over-year respectively for the year ending 30th April 2021.
16. Home Depot
Home Depot is associated with the retail industry that supplies home appliances, hardware, tools, building materials and flooring etc. Founded in 1978 it has operations in the United States, Canada, Mexico, Puerto Rico, US Virgin Islands and Guam through 2296 stores as of March 2021.
One of the top companies by market cap is Home Depot at 344.07 billion US dollar. It has posted revenues and net income of 141.350 billion dollars and 14.766 billion dollars respectively for the year ending 30th April 2021.
17. Procter & Gamble
Procter & Gamble is one of the leading American companies by market capitalization of 337.27 billion US dollar, revenues of 74.870 billion dollar and net income of 13.933 billion dollars for the year ending 31stt March 2021
Founded in 1837, the publicly traded company is associated with the consumer goods industry and deals in a diversified product range like consumer health, personal health, hygiene and personal care.
18. Walt Disney Company
Founded in 1923, Walt Disney Company is a diversified conglomerate associated with the entertainment and mass media sectors. It has been the undisputed leader in the animation industry along with interests in theme parks, television and film production.
With a market cap of 308.23 billion US dollar, Walt Disney Company has been placed at 18th position in the list of leading companies in 2021. Its revenues and net income for the year ending 31st March 2021 are 58.348 billion dollars and -4.513 billion dollars respectively.
19. PayPal
PayPal Holdings Inc. is associated with the financial services industry. Founded in 1988 it operates an online payments system in most of the countries of the world that supports the online transfer of money. It is a payment processor for commercial users, auction sites and online vendors.
With a market capitalization of 286.56 billion US dollar, PayPal has been placed at 19th position as the leading companies in 2021. It has reported its net income of 4.2 billion dollars for the year ending 31st March 2021
20. Exxon Mobil Corporation
Exxon Mobil Corporation is a multinational company associated with the oil and gas industry. Its product portfolio includes oil products, crude oil, natural gas, power generation and petrochemicals. It is one of the largest companies by market capitalization at 262.73 billion US dollar. Its brand value is 13.434 billion US Dollar.
The revenues and net income of publicly traded Exxon Mobil are 184.491 billion dollars with a change of 28.34% decline year-over-year and -19.100 billion dollars with a change of 267.84% decline year-over-year respectively for the year ending 31st March 2021.
Conclusion
The Year 2021 has shown great resilience and has helped the global economy to boom once again. It is the United States that has been the dominant partner as 59 amongst the top 100 of the world’s largest companies are from there and accounts for 65% of the total market cap. The good thing is that the rest of the top business companies are also not far behind and doing their bit in expediting economic recovery
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