The United States is a strong economy that represents 22% of the world’s nominal GDP. More specifically, the US generates more than $17.914 trillion in national output annually. This robust economy makes it possible for US companies to grow, survive, and thrive. Other conditions in the US that make it suitable for investment include a powerful military, which deters conquest by foreigners and a stable political system. Therefore, it is not surprising US firms are among the largest corporations in the world. Here are the most valuable US companies.
1. Apple Inc.
Steve Jobs, Ronald Wayne, and Steve Wozniak started this company in April 1976. In 2015, Apple’s revenue reached $233 billion. It is also the largest traded company in the world with a market capitalization of over $700 billion (2014 data). Apple Inc. employs more than 115,000 people and it maintains 478 retail outlets worldwide. This company designs and sells software and hardware. Currently, Apple owns the largest music retail platform in the world i.e. iTunes.
Sergey Brin and Larry Page founded Google in 1996 as they were doing their Ph.D. at Stanford University. Today, Google has a market capitalization value of over $547 billion. The company started as a search engine site, but it diversified into other areas as it grew. Today, subsidiaries owned by Google include companies such as Calico, CapitalG, DeepMind, Google Fiber, and GV among others. It is important to note that Google went through a rebranding process recently. More specifically, it rebranded itself as Alphabet Inc. The company hires more than 69,952 people worldwide.
3. The Microsoft Corporation
Bill Gates and Paul Allen started this company in April 1974. They did it so that they could sell BASIC interpreters for microcomputer known as the Altair 8800.Today, Microsoft is the largest software producer in the world. It is also diversifying into other sectors such as the production of smartphones and game consoles. However, most people know Microsoft because of its operating systems and Office Suite. Recently, the company acquired Skype Technologies and LinkedIn for $8.5 billion and $26.2 billion respectively. The corporation’s market capitalization stood at $494.6 billion in 2016.
4. Berkshire Hathaway
Warren Buffet is one of the richest people in the world. According to Forbes magazine, Buffet has a net worth of $73 billion, which means he is worth more than the GDP of Cambodia and Ghana combined. He is also the Chairman and CEO of Berkshire Hathaway. Moreover, he is the largest shareholder in the company. Berkshire Hathaway is a conglomerate that invests in various companies. For example, it owns BNSF Railway, Helzberg Diamonds, Dairy Queen, and Pampered Chef among others. Currently, the market capitalization of the company stands at $401 billion.
5. Exxon Mobil
Exxon Mobil formed in November 1999 after the merger of two oil companies. One was from New York while the other one was from New Jersey. Both companies had a shared history i.e. John D. Rockefeller owned them as one company in the late 1800s. However, the US Supreme Court forced him to split that company into 34 entities in the early 1900s. Today, Exxon Mobil is the largest independent oil producer in the world. In fact, it produces 3% of the world’s oil. It also owns 37 oil refineries located in 21 nations. These refineries produce 6.3 million barrels of oil each day making Exxon Mobil the largest oil refiner worldwide. Currently, the company’s market capitalization stands at $374.27 billion.
written by: BestSEOWriter2010s