Top 10 Richest Companies in the World in 2019 by Revenue - Financesonline.com (2023)

What is the richest company in the world? If you think tech companies dominate the list you thought wrong. Good ol’ Walmart tops the list with a value more than twice of Apple’s, the richest company to come out of Silicon Valley. Here’s an updated 2019 list of the richest companies in the world for 2019.

  1. Walmart– $514.4 billion revenue in 2019
  2. Sinopec Group– $414.6 billion revenue in 2019
  3. Royal Dutch Shell– $396.5 billion revenue in 2019
  4. China National Petroleum– $392.9 billion revenue in 2019
  5. State Grid– $387 billion in revenue in 2019
  6. Saudi Aramco – $355.9 billion revenue in 2019
  7. BP– $303.7 billion revenue in 2019
  8. Exxon Mobil– $290.2 billion revenue in 2019
  9. Volkswagen– $278.3 billion revenue in 2019
  10. Toyota Motor – $272.6 billion revenue in 2019

There are several parameters by which the richest companies in the world are ranked. These include market cap, revenue, profits, and brand value. For instance, Statista.com lists the top 10 largest companies in the world by market value. The list includes leading companies that have made it big in the stock market in recent times such as Facebook, Amazon, and Alphabet. The topper is Apple whose market cap is a whopping $961.3 billion in May 2019.

Top 10 Richest Companies in the World in 2019 by Revenue - Financesonline.com (1)

Forbes has another criterion to identify the world’s top companies. It has listed the leading 100 companies in terms of brand value in 2019. Not surprisingly, this list includes renowned global brands such as IBM, Mercedes-Benz, Facebook, Toyota, and Samsung. It is topped again by Apple whose brand value is estimated to be an astonishing $205.5 billion.

Top 10 Richest Companies in the World in 2019 by Revenue - Financesonline.com (2)

In this article, we have selected the top 10 richest companies in the world based on their fiscal 2019 revenue. China’s growing financial muscle can be gauged by the fact that three companies from the country find a place in the list which is dominated by players in the oil and gas industry. The topper is Walmart which has added online retail to its huge number of brick-and-mortar hypermarkets in multiple nations. Without much ado, let’s get down to the brass tacks and learn more details about the top 10 richest companies in the world by revenue.

10. Toyota Motor – $272.6 billion revenue in 2019

Top 10 Richest Companies in the World in 2019 by Revenue - Financesonline.com (3)

Toyota Motor has punched a respectable 2.8% in revenue percent change from last year. However, it now ranks four spots down at number ten from the sixth spot. With assets worth more than $469.2 billion and a workforce of 370,879 employees, it generated a revenue of about $272.6 billion in 2019.

However, net profits are down. This is due to the decline in sales across North America, Asia, and Japan. The downturn is believed to be caused by customer preferences shifting away from traditional passenger vehicles.

But, in 2018, efforts increased to move the company into the future. With a total investment of $500 million in Uber, it seeks to become a dominant player in the autonomous vehicles market today and in the future.

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9. Volkswagen – $278.3 billion revenue in 2019

Top 10 Richest Companies in the World in 2019 by Revenue - Financesonline.com (4)

Volkswagen literally means “people’s car” in German. Founded way back in 1937, this iconic automaker has appeared for twenty-five years on the Global 500 List. This year, it ranks 9th overall with a revenue of $278.3 billion.

Also, it recorded a 9.3% profit percent change as well. This is despite being embroiled in a diesel testing emissions scandal for a while. The company that owns about 70% of the US passenger-car diesel market was found to have installed emissions software allowing vehicles being tested for emissions to switch between two distinct operating modes. Thus, fooling testing bodies. This is not for all VW cars though. However, it lost $3.6 billion in charges relating to this.

Today, just like its rivals, it is going into areas like self-driving and electric cars. Moreover, it has partnered with longtime competitors like Toyota subsidiary Hino Motors and Ford to create trucks and delivery vans.

8. Exxon Mobil – $290.2 billion revenue in 2019

Top 10 Richest Companies in the World in 2019 by Revenue - Financesonline.com (5)

Exxon Mobil posted revenue of $290.2 billion. Its 71,000 employees worldwide are headed by Darren W. Woods at their HQ in Irving, Texas. Like some top companies including petroleum refining competitors Shell and BP, it has been on the Global 500 list for twenty-five years.

With a profit of around $20.8 billion, it ranks as the eighth richest company when it comes to revenue in 2019. Also, it has assets worth $346.1 billion that it seeks to maneuver to get its name up to the top spot in the future.

Just this November, it is looking to optimize carbonate fuel cell technology with a $60 million agreement with FuelCell Energy. If this is successful, this could reduce carbon dioxide emissions from industrial operations.

7. BP – $303.7 billion revenue in 2019

Top 10 Richest Companies in the World in 2019 by Revenue - Financesonline.com (6)

This major energy player in the petroleum refining industry has assets valued at $282.1 billion to date. In 2019, it generated $303.7 billion in revenue at a $9.3 billion profit. The 2019 profit is 176% more than that of last year which is nearly triple.

BP has been listed in the Global 500 for twenty-five years now. With its HQ in London and headed by Robert W. Dudley as CEO, it focused on growing its stake in the US energy market. This includes a completed $10.5 billion deal to buy shale assets from BHP.

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Once known as the Anglo-Persian Oil Company Ltd. when it was first founded in 1909, it now has many stakes across different ventures worldwide. Subsidiaries include Castrol, Amoco, and Aral AG.

6. Saudi Aramco – $355.9 billion revenue in 2019

Top 10 Richest Companies in the World in 2019 by Revenue - Financesonline.com (7)

Last year, Saudi Arabia’s state-owned oil company earned a whopping $111 billion in profit. This was nearly twice as much as Apple. This is all thanks to its business model. Extract oil for a little less than $10 a barrel and sell it for $60.

This year, it recorded a revenue of $355.9 billion. That’s a 35.3% percent change. Also, the company managed to reach this using its total assets worth $358.8 and its 76,418-strong workforce. Also, it wasn’t previously ranked in the Global 500 List. This is its first year and it debuts at six.

Headquartered in Dhahran, Saudi Arabia and headed by CEO Amin H. Nasser, this energy giant is venturing to execute some mergers and acquisitions (M&A) in the near future. This includes acquiring SABIC a domestic industrial conglomerate. Also, they are looking to buy minority stakes in a Texas-based natural gas plant and refiners in Asia.

5. State Grid – $387 billion revenue in 2019

Top 10 Richest Companies in the World in 2019 by Revenue - Financesonline.com (8)

This is China’s state-owned power company providing electricity for up to 1.1 billion people. Its services cover about 88% of the most populous nation’s geography. With an asset of $572.3 billion and employees 917,717 strong, it recorded a strong 10.9% revenue change up to total revenue of $387 in 2019.

This was a drop from last year in ranking as it placed as the 2nd richest company by revenue. However, this drop was not due to a negative percent change in revenue. Other companies just did better in this regard. But, the company also witnessed a -14.3% change in profits this year.

Currently, the world’s largest utility has stakes in different assets all over the world. It also operates many of them. Its investments are in different geographies ranging from Italy to Australia alarming many regulators. Moreover, State Grid is also looking for clean energy investments just like other energy giants.

4. China National Petroleum – $392.9 billion revenue in 2019

Top 10 Richest Companies in the World in 2019 by Revenue - Financesonline.com (9)

The state-owned China National Petroleum Corp (CNPC) is the parent company of PetroChina, the second-largest oil producer. PetroChina doesn’t only explore, refine, and sell natural gas and crude oil. It also manufactures equipment and offers oil field services.

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With PetroChina and other diversification efforts internationally, the company earned a total revenue of $392.9 billion in 2019. This, with assets worth $601.8 billion and more than 1.3 million employees in the world, makes CNPC the fourth-richest company in the world today.

This position is not easy to hold. Currently, it is facing many pressures from different sides. First, it faces stricter environmental standards. Second, the not-so-solid trade relations with the US may go for a bad turn in the future. However, leadership is resolute and seem to be able to keep CNPC near the top for years to come.

3. Royal Dutch Shell – $396.5 billion revenue in 2019

Top 10 Richest Companies in the World in 2019 by Revenue - Financesonline.com (10)

This energy behemoth places third for the year with revenues reaching $400 billion. Also, profits soared 80% reaching $23 billion in 2019. The current revenue of this Anglo-Dutch company jumped two places from last year’s Global 500 List.This is thanks to it being able to leverage the rising US oil production by investing more in the US shale boom.

Moreover, it is also giving way to pressure from investors who want it to go greener. Thus, in December, the company will tie executives’ wages to carbon emission reduction targets.

The future is bright for Royal Dutch Shell with Ben van Beurden at the helm as CEO. The company has been listed a total of twenty-five years on the Global 500 list already. With assets worth $399.1 billion and a workforce that is 81,000 strong, Royal Dutch Shell will likely stay a top ten company for years to come.

2. Sinopec Group – $414.6 billion revenue in 2019

Top 10 Richest Companies in the World in 2019 by Revenue - Financesonline.com (11)

Sinopec is China’s largest state-owned oil and gas company with assets worth $329.1 billion employing 619,151 people. Being state-owned naturally puts in a better position for success in the country.

For the first six months of 2019, Sinopec reported a 15.3% year-on-year growth in revenue to $209.8 billion. Now, it finished the year with a whopping $414.6 billion due to a revenue percent change of 26.8%.

Despite facing weak oil prices and other uncertainties brought about by the global oil market and also the geopolitical milieu, Sinopec has managed to finish as the second richest company in 2019. This is despite the company having temporarily suspended US crude imports which set a record trading loss of $690 million in the 4th quarter.

1. Walmart – $514.4 billion revenue in 2019

Top 10 Richest Companies in the World in 2019 by Revenue - Financesonline.com (12)

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Founded in 1950 as a discount department store, this American retail behemoth has been in the Global 500 List for twenty-five years straight. Currently, it is dealing with stiff competition from other giants like Costco, Walgreens, and CVS among others. Amazon may be its stiffest competition to date.

In 2018, Walmart finally got to compete well against Amazon. It set up its thousands of stores for grocery pickup increasing its online sales by 40%. This helped its total revenue to rise by 2.8% up to $514.4 billion in 2019. Moreover, thanks to the demise of its rivals like Toys ‘R’ Us, it recorded its best holiday season in years.

Also, it looks like this strategy will maneuver its $219 billion worth of assets and 2.2 million employees to help it become more profitable in the years to come. Other Walmart innovations that can help it stay near the top of Fortune’s Global 500 List include self-driving delivery vans and personal shopping services among others.

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By Allan Jay

Allan Jay is FinancesOnline’s resident B2B expert with over a decade of experience in the SaaS space. He has worked with vendors primarily as a consultant in the UX analysis and design stages, lending to his reviews a strong user-centric angle. A management professional by training, he adds the business perspective to software development. He likes validating a product against workflows and business goals, two metrics, he believes, by which software is ultimately measured.

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FAQs

What are the 10 richest companies? ›

The Top 10
  • 1Walmart.
  • 2Amazon.
  • 3Apple.
  • 4CVS Health.
  • 5UnitedHealth Group.
  • 6Exxon Mobil.
  • 7Berkshire Hathaway.
  • 8Alphabet.

Who is the richest company in the world 2022? ›

The Top 10
  • 1Walmart.
  • 2Amazon.
  • 3State Grid.
  • 4China National Petroleum.
  • 5Sinopec Group.
  • 6Saudi Aramco.
  • 7Apple.
  • 8Volkswagen.

What company has the highest net worth ever? ›

Companies' values are often measured by market capitalization, or the value of all of the shares in the market. As of 2022, Apple, Saudi Aramco, and Microsoft hold the top three positions, each with market caps in excess of $2 trillion.

What are the 7 biggest companies in the world? ›

This can lower or even outweigh potential returns.
  • #1 Walmart Inc. (WMT)
  • #2 China Petroleum & Chemical Corp. (SNP)
  • #3 Amazon.com Inc. (AMZN)
  • #4 PetroChina Co. Ltd. (PTR)
  • #5 Apple Inc. (AAPL)
  • #6 CVS Health Corp. (CVS)
  • #7 Royal Dutch Shell PLC (RDS. A)
  • #8 Berkshire Hathaway Inc. (BRK. A)

Which is No 1 company in the world? ›

World's Top 25 Largest Companies
RankNameEmployees
1Walmart2,300,000
2State Grid913,546
3Sinopec667,793
4China National Petroleum1,636,532
46 more rows

What is the 10 biggest company in the world? ›

The 10 Biggest Companies in the World 2022 (at a glance)
  • WALMART. Revenue: $559.2 billion.
  • STATE GRID. Revenue: $386.6 billion.
  • AMAZON. Revenue: $386.1 billion.
  • CHINA NATIONAL PETROLEUM. Revenue: $284.0 billion.
  • SINOPEC. Revenue: $283.7 billion.
  • CVS HEALTH. Revenue: $268.7 billion.
  • APPLE. Revenue: $365.8 billion.
  • VOLKSWAGEN.
23 Oct 2022

What are the 3 richest companies in the world? ›

Top 12 Richest Companies In The World By Market Cap 2022
  • Apple Inc. ...
  • Saudi Aramco Market Cap ($2.33 trillion): It is the largest oil corporation in the world and accounts for more than half of Saudi Arabia's revenue. ...
  • Microsoft Corp. ...
  • Alphabet Inc. ...
  • Amazon.com Inc. ...
  • Tesla Inc. ...
  • Berkshire Hathaway Inc. ...
  • NVIDIA Corp.
16 Oct 2022

What is the 4th richest company in the world? ›

Advertisement
RankCompanyAssets ($ Bil.)
1Berkshire Hathaway959
2ICBC5,519
3Saudi Aramco576
4JPMorgan Chase3,955
7 more rows
13 Sept 2022

Which company makes the most profit? ›

In fiscal year 2020, Apple posted the highest net revenue of any company in the world, with profits of 57.4 billion U.S. dollars.
...
Leading companies in the world in 2020, by net income (in billion U.S. dollars)
CharacteristicNet income in billion U.S. dollars
--
12 more rows
5 Aug 2022

What is the fastest growing company in the world 2022? ›

Scroll down to read our list of 25 fast-growing private companies in 2022.
  1. OnlyFans. 5-year search growth: 8,900% ...
  2. StackBlitz. 5-year search growth: 2,800% ...
  3. Linktree. 5-year search growth: 4,650% ...
  4. Fandom. 5-year search growth: 350% ...
  5. Lalamove. 5-year search growth: 530% ...
  6. Preply. 5-year search growth: 1,285% ...
  7. Labster. ...
  8. Oura Ring.
25 Oct 2022

How can I become a billionaire by 25? ›

Starting at 18, when you graduate high school, means you would need to earn $391 per day to make it to $1 million by age 25. What about if you don't start until you graduate college? Then you need to earn $685 per day, assuming you graduate at 22 years old, to become a millionaire by 25.

Who is the richest family in the world? ›

For the fourth year in a row, the Waltons top the list of the world's richest families with a net worth of $224.5 billion.

What are the 5 largest industries in the world? ›

Global Biggest Industries by Employment in 2022
  • Global Consumer Electronics Manufacturing. 17,518,424.
  • Global Commercial Real Estate. 17,164,710.
  • Global Fast Food Restaurants. 13,458,146.
  • Global HR & Recruitment Services. 11,988,376.
  • Global Apparel Manufacturing. ...
  • Global Hotels & Resorts. ...
  • Global Coal Mining. ...
  • Global Tourism.

Which is Asia biggest company? ›

Asia Top Companies List by Market Cap as on Jan 7th, 2022
  • TENCENT. ...
  • SAMSUNG ELECTRONICS. ...
  • KWEICHOW MOUTAI. ...
  • ALIBABA GROUP HOLDING. World Rank (Jan-07-2022) ...
  • TOYOTA MOTOR CORPORATION. World Rank (Jan-07-2022) ...
  • ICBC. World Rank (Jan-07-2022) ...
  • TATA GROUP. World Rank (Jan-07-2022) ...
  • RELIANCE INDUSTRIES. World Rank (Jan-07-2022)

What are the 5 biggest brands in the world? ›

The Leaderboard
RankBrandBrand Value % change from 2020
1Amazon64%
2Apple74%
3Google42%
4Microsoft26%
6 more rows
6 Oct 2021

Who is the most powerful company? ›

The Top 100, Ranked
RankCompany nameLocation
1APPLE INCUnited States
2SAUDI ARAMCOSaudi Arabia
3MICROSOFT CORPUnited States
4AMAZON.COM INCUnited States
6 more rows
10 Jun 2021

Who is India's No 1 company? ›

Reliance Industries

This Mumbai-based multinational company has a market cap worth INR 1,795,732.38 crore. And thus, Reliance Industries is the largest company in India.

What is world's most famous company? ›

The Top 100 Companies of the World: Competition From China
CompanyCountry
#1AppleUnited States
#2Saudi AramcoSaudi Arabia
#3MicrosoftUnited States
#4AmazonUnited States
6 more rows
19 Jul 2021

What is the 6th largest company in the world? ›

Largest Companies by Market Cap
#Name1d
4Alphabet (Google) 4GOOG0.72%
5Amazon 5AMZN2.28%
6Berkshire Hathaway 6BRK-B0.26%
7Tesla 7TSLA2.56%
56 more rows

What is the largest industry in the world? ›

That's right, the financial industry is the largest industry in the world! Totalling $109 trillion, it dwarfs the competition. ¹ For comparison, real estate is worth $33 trillion and retail amounts to $26 trillion.

What are the 5 most successful businesses? ›

Most Profitable Business Ideas
  1. Business Consulting. If you're an expert in your industry and have been working at it for years, you should consider consulting. ...
  2. IT Support, Technology Consulting, and Repair. ...
  3. Cleaning Services. ...
  4. Accounting and Tax Preparation. ...
  5. Auto Repair. ...
  6. Real Estate.

What are the top 10 successful businesses? ›

Top 10 most successful businesses to start
  • Social media management. ...
  • Cleaning service. ...
  • Business consulting. ...
  • Copywriting. ...
  • Graphic design. ...
  • Real estate brokers. ...
  • Online courses. ...
  • Pet services. For those who love our furry friends, starting a pet service business may sound like a dream job.
4 Mar 2022

Which company makes most money per day? ›

Saudi Aramco

Which industries will grow in 2030? ›

Read further to know more about which sector will grow in future in India and which sectors in India will flourish even more in the investing game, in the near future.
...
Renewable Energy Sector
  • Reliance Power Industries.
  • Indian Energy Exchange.
  • Indraprastha Gas Ltd.
  • Borosil Renewables.
  • Siemens.
19 May 2022

What is the 2nd fastest growing company in the world? ›

We are honored to have been named by Fortune as the second fastest-growing company in 2020. This recognition is a testament to OPTAVIA's unique offer and the hard work of our independent OPTAVIA Coaches.

Which company will rise in future? ›

growth stocks for future
S.No.NameP/E
1.EKI Energy9.55
2.Tips Industries31.11
3.Tanfac Inds.26.08
4.Guj. Themis Bio.23.08
22 more rows

Who is the world's 3 richest man? ›

Elon Musk is at the top of the list with a net worth of $273.5 billion. India's Gautam Adani attained second position in the list with a net worth of $155.5 billion on Forbes' Real-Time billionaire rankings, but immediately came down to the third spot with a fall in the share prices.

What profession has the most billionaires? ›

The job sectors where most billionaires make their money
RankIndustry/Job sector% of billionaires
1Financial Services9.3%
2Healthcare8.7%
3Real Estate8.1%
4Retail7.4%
6 more rows
18 Apr 2022

Who is No 5 richest person in the world? ›

2020
No.NameNet worth (USD)
2Bill Gates$98 billion
3Bernard Arnault & family$76 billion
4Warren Buffett$67.5 billion
5Larry Ellison$59 billion
6 more rows

How can I get rich in 5 years? ›

How to become wealthy in 5 years: 14 strategies
  1. Become Financially Literate Through Self-Education.
  2. Spend Less, Earn More, Invest the Difference.
  3. Do Something You Love.
  4. Invest in Properties.
  5. Build a Portfolio of Stocks and Shares.
  6. Focus on Contemporary Areas of Growth.
  7. Be An Innovator.
  8. Do Quarterly Goals & Reports.
4 Nov 2022

What jobs can make you millionaire? ›

Top 15 Careers That Can Make You a Billionaire
  • Investment banker.
  • Author.
  • Athlete.
  • Entrepreneur.
  • Lawyer.
  • Real estate developer.
  • Surgeon.
  • Inventor.
25 Jul 2022

How can I be a millionaire in 5 years? ›

9 Steps To Become a Millionaire in 5 Years (or Less)
  1. Create a Plan.
  2. Employer Contributions.
  3. Ask for a Raise.
  4. Save.
  5. Income Streams.
  6. Eliminate Debt.
  7. Invest.
  8. Improve Your Skills.
5 Sept 2022

Who is Trillionaire man? ›

Modern Wealth
No.NameNet worth (USD)
1Elon Musk$219 billion
2Jeff Bezos$177 billion
3Bernard Arnault & family$158 billion
4Bill Gates$129 billion
6 more rows
20 Jul 2022

Who are the 7 richest families in the world? ›

Which 10 Families Are the Wealthiest?
  • The Waltons with $212 billion24.
  • The Mars family with $142 billion.
  • The Kochs with $124 billion.
  • The Hermès family with $112 billion.
  • The Sauds with $100 billion.
  • The Ambanis with $94 billion.
  • The Wertheimers with $62 billion.
  • The Johnsons with $61 billion.

Who is the trillionaire? ›

A trillionaire is an individual with a net worth equal to at least one trillion in U.S. dollars or a similarly valued currency, such as the euro or the British pound. Currently, no one has yet claimed trillionaire status, although some of the world's richest individuals may only be a few years away from this milestone.

Who is Trillionaire company? ›

The Major Players in the Game
CompanyValuationCountry
Saudi Aramco$2.00TSaudi Arabia
Alphabet (Google)$1.84TU.S.
Amazon$1.68TU.S.
Tesla$1.01TU.S.
2 more rows
23 Aug 2021

What is the richest private company? ›

Cargill

What is the wealthiest private company? ›

Largest private non-governmental companies by revenue
No.CompanyRevenue (in billions of USD)
1Vitol279 (2021)
5Cargill134.4 (2020)
2Trafigura Group231.3 (2021)
9Huawei98.7 (2021)
92 more rows

What is the 7th largest company in the world? ›

TENCENT

What is the 8th largest company in the world? ›

UnitedHealth

What is the largest industry in the world 2022? ›

Know the List of 10 Biggest Industries in the World in 2022
1.E-commerce
2.Constructions
3.Financial Services
4.Real Estate
5.Insurance
5 more rows
7 Oct 2022

Who was the 1st billionaire? ›

Rockefeller is often cited as the world's first billionaire, achieving that status in 1916 largely through his ownership of Standard Oil.

Who was the first billionaire woman? ›

BIOGRAPHY OF OPRAH WINFREY: An Inspiring Story of the First Female Billionaire on Forbes List.

What are the five richest companies? ›

Top 12 Richest Companies In The World By Market Cap 2022
  • Apple Inc. ...
  • Saudi Aramco Market Cap ($2.33 trillion): It is the largest oil corporation in the world and accounts for more than half of Saudi Arabia's revenue. ...
  • Microsoft Corp. ...
  • Alphabet Inc. ...
  • Amazon.com Inc. ...
  • Tesla Inc. ...
  • Berkshire Hathaway Inc. ...
  • NVIDIA Corp.
16 Oct 2022

Who is the richest woman on earth? ›

Francoise Bettencourt Meyers

What's the biggest private company in the world? ›

The World's Largest Private Company

Cargill is the most valuable private company in the world. 2 It is a company that you probably have only scant familiarity with, yet have almost certainly patronized. So who owns Cargill?

Which is the No 1 private company in India? ›

Reliance Industries

This Mumbai-based multinational company has a market cap worth INR 1,795,732.38 crore. And thus, Reliance Industries is the largest company in India.

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