You might have seen many thriving businesses that have upheld their feet in the market ground. No rocket science has taken these businesses to the next level, but the thing that has made them successful is an idea that could be connected to production, buying, and selling. According to Forbes, market research and consumer value are the golden secrets to a victorious company. And the companies that have already understood this thing are now the richest in the world. No doubt, the digital world carries tons of fabulous opportunities for the economy and society. But the way to leverage its power is the only thing that helps companies shine forever.
List of Richest Companies in The World
The concept of this post is to explore the top 10 richest companies in the world in terms of income – so you can know how their efforts have made them the highest grossing. Take a look below at the richest companies ranking that is based on revenue and growth.
| Rank | Name | Industry | Revenue | Profit USD Millions |
|---|---|---|---|---|
| 1 | Walmart | Retail | $328 billion | $13,510 |
| 2 | Amazon | Retail | $1.7 Trillion | $5,580 |
| 3 | PetroChina | Oil and gas | $9.41 billion | $21,331 |
| 4 | Apple | Retail, Information Technology | $2.752 Trillion | $4,575 |
| 5 | Sinopec Group | Oil and gas | $353.31 Billion | $6,205 |
| 6 | Microsoft | Electronics | $125.843 Billion | $61,270 |
| 7 | Saudi Aramco | Oil and gas | $1.987 Trillion | $57,411 |
| 8 | Volkswagen | Healthcare | $500 Billion | $7,179 |
| 9 | UnitedHealth | Healthcare | $401.933 Billion | $15,403 |
| 10 | CVS Health | Healthcare | $230 Billion | $7,179 |
1. Walmart
Total Earnings $328 billion
The Walmart company owner Sam Walton started this multinational retail corporation on 7 February 1962 and has made it the chain of discount department stores, hypermarkets, and grocery stores from the United States, headquartered in Bentonville, Arkansas. And as of the market capitalization, Walmart is the first richest company in the world today.
The company is not only ranked at the first position for its highest gross margin, but it is also at the top of the list because of its cooperation and department handling skills. Also, Walmart has more than 2 million workers for handling the international chains easily. And as of now, the total gross margin of this company is around $328 billion.
2. Amazon
Total Earnings $1.7 Trillion
Jeff Bezos founded this worldwide famous company Amazon from his garage Bellevue, Washington, on July 5, 1994. At the start, this company was an ordinary online marketplace, where people got first introduced to selling books and furniture.
Later, as the company started to make more money day by day, the categories started to expand. And as of now, it’s the largest online marketplace and the second richest company in the world, with an estimated gross margin of $1.7 Trillion.
3. PetroChina
Total Earnings $9.41 billion
There is a big market of oil and gas supply companies in the world. But PetroChina is the world’s first finest and largest oil and gas company who has become Asia’s largest oil and gas supplying roof that makes almost $9.41 billion every year. The company was founded on 5 November 1999, and as of now, it is the third richest company that makes $9.41 billion per year.
4. Apple
Total Earnings $2.752 Trillion
Apple Inc is a Cupertino-based American tech company that is the most valuable company in the world with a gross margin of $2.752 Trillion. The worldwide famous company (Apple) was founded by three childhood friends, Steve Wozniak, Steve Jobs, and Ron Wayne – on April 1, 1976, in Cupertino, CA. And as of now, it has its headquarters and branches all over the world.
5. Sinopec
Total Earnings $353.31 Billion
Sinopec is a China Petroleum & Chemical Corporation enterprise that supplies oil and gas in Hong Kong and also trades in Shanghai and New York. Sinopec was founded in the early 2000s by Dai Houliang – who is currently the president of this company.
The company’s presidents also handle workers and factories together by distributing everything equally. And as for the market cap, the company has an estimated gross margin of $353.31 Billion.
6. Microsoft
Total Earnings $125.843 Billion
Microsoft Corporation is an American-based multinational technology corporation that develops computer software, patron electronics, unique computers, and tech-related services. Its most well-known software products are the Microsoft Windows string of operating systems, the Microsoft Office, Internet Explorer, and amazing Edge web browsers. Currently, Microsoft stands in the sixth position by revenue on the global richest companies rank board and earning $125.843B.
7. Saudi Aramco
Total Earnings $1.987 Trillion
Saudi Aramco, better known as Saudi Arabian Oil Company, went public barely three years back in 2019. And as of now, it is the world’s seventh-largest company with a gross margin of 1.987 Trillion dollars. Saudi Aramco is owned by the Saudi government – and it is currently being handled by the well-off people (royal families) of Saudi Arabia.
8. Volkswagen
Total Earnings $500 Billion
Volkswagen is a German motor vehicle manufacturer company in Wolfsburg, Lower Saxony. It was founded in 1937 by a German Labor Front who were known for their iconic Beetle. The company started to get orders around the globe in late 2017 and 2018 when they launched their sports car.
And as of now, everyone wants to buy their cars and other vehicle gadgets. Moreover, it stands at the 8th number on the list by making $500 billion yearly.
9. UnitedHealth
Total Earnings $401.933 Billion
UnitedHealth Group Incorporated, better known as UnitedHealth, is an American-based multinational company that manages healthcare and insurance from Minnetonka, Minnesota. It offers health care products and insurance services to the world by opening its company branches in almost every state. And reportedly, UnitedHealth has an estimated gross margin of $401.933 Billion.
10. CVS Health
Total Earnings $230 Billion
CVS Health Corporation, better known as CVS Health, is an American-based healthcare company that owns CVS Pharmacy – a retail pharmacy chain. The company’s vision is to provide organic and tested healthcare-related products to the world so that no one could ever face skin allergies and other skin problems. And as of the market cap, this company has an estimated gross margin of $230 Billion.
The Bottom Line!
In conclusion, the richest and most prosperous companies in the world in 2022 above are the most dedicated currently. Companies like Amazon, Walmart, and PetroChina, are the most popular despite the Covid-19 epidemic. It is because many people prefer online shopping, streaming, and online expenditures. We hope that you enjoyed or maybe were shocked after knowing about these world’s richest companies in the world. The list is limited to the top 10 companies, all of which have annual incomes surpassing US$121 billion.
Frequently Asked Questions About Top Richest Companies In The World
Q: What is the richest company in the world 2022 Forbes?
A: As of the Forbes website, the world's richest company is Apple Inc, with an estimated gross margin of $2.752 Trillion.
Q: What is the biggest and richest company in the world by the market cap?
A: According to the official reports the market cap owner stated that Apple Inc is the biggest and richest in the world.
Q: What is the largest company in the world by market capitalization?
A: Saudi Aramco is the largest company in the world by market capitalization.
Q: What are the largest companies in the world by employees?
A: Walmart and Volkswagen are the largest companies in the world by employees, as both companies have two million-plus workers and employees.
Q: What are the largest companies in the world by profit?
A: Walmart is the only largest company in the world by profit (as of now).