Market Cap of Top 100 Global Companies Reaches $31.7 Billion, Leading Apple | Photo credit: IANS
The market capitalization of the world’s 100 largest companies rose from $10.3 trillion to $31.7 trillion, a 48% increase, from March 2020 to March 2021, according to a new report released on Sunday.
Apple tops the list with $2.85 trillion in market capitalization, followed by Saudi Aramco, Microsoft, Alphabet and Amazon, according to data provided by London accounting firm PwC.
Apple regained its crown as the world’s largest company by market capitalization with a valuation of 6% and 13% ahead of Saudi Aramco and Microsoft, respectively.
Reliance Industries (at 58th position) and Tata Consultancy Services (69th place) were the only two Indian companies in the global list.
There were no direct entrants into the “Global Top 100” via the IPO despite a buoyant IPO market.
“The threshold to enter the list is now $129 billion, potentially creating a hurdle for future entrants via the IPO,” the report notes.
Samsung Electronics Co was the world’s 22nd largest company by market capitalization, down seven notches from a year earlier.
The tech giant was the only South Korean company on the list with a market value of $342 billion, in March.
Taiwan Semiconductor Manufacturing Co. came in 10th, with a market capitalization reaching $541 billion, up one notch from a year earlier.
Amazon’s market capitalization grew 61% in the year to March 2021, supported by the “stay-at-home economy” growth seen throughout 2020 and into 2021, although Amazon has not fallen from fourth position.
The market capitalization of Tesla, led by Elon Musk, grew from $96 billion in March 2020 to $641 billion in March 2021, a stunning 565% increase and a clear outlier in the top 10 risers.
All component regions and countries saw a relative increase in the market capitalization of companies listed in the Global Top 100.
As expected, the United States continues to dominate the “Global Top 100” list in terms of market capitalization and number of companies, with 59 companies accounting for 65% of the total market capitalization, according to the data.
Technology continues to be the largest sector by market capitalization ($10.5 trillion).
The top 100 global technology companies recorded a 71% increase from their value in March 2020, in line with the broader performance of the industry index.
“For comparison, in the private enterprise space, half of the Top 100 unicorns valued at $1 billion and above (as of March 31, 2021) were from the United States, which broadly matches the “Global Top 100.” of state-owned enterprises,” the report noted.
The value of the top 100 unicorns increased 30% to $1.1 trillion in the year to March 2021, behind the increase in market capitalization of public companies over the same period (49 %).
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