In downtown Los Angeles, Microsoft Square is located and is known as the world’s largest company in terms of market cap, according to a recent study conducted by CEOWORLD Magazine. The ranking was based on companies’ total dollar market value of their outstanding shares of stock. Among the top 20 companies were Microsoft with a $3 trillion market cap, Apple with a $2.87 trillion market cap, Saudi Arabian Oil Company with a $2 trillion market cap, Amazon with a $1.87 trillion market cap, and Alphabet Inc. with a $1.77 trillion market cap.
However, it was not all U.S.-based companies on this list as four non-U.S. companies made it – Saudi Arabian Oil Company, Taiwan Semiconductor Manufacturing Company Limited, Novo Nordisk A/S and LVMH – but most of the top 20 companies were American firms. From last year’s list, several U.S.-based companies still maintained their rankings such as Apple and Microsoft while securing the top spot this year for Microsoft. Also, newcomers to the list included Home Depot, Adobe Systems Inc., Chevron Corporation and Salesforce Inc., bringing the total number of companies on the ranking to 50 global leaders that generated over $29 trillion in revenue combined which is equivalent to 6.7 times Germany’s GDP according to Investopedia sources used for this reportage