Much like its competitors, Amazon and Google, who also saw great success with their cloud computing services, Azure helped fuel much faster growth rates for them as well. The success continued into 2019, with experiencing an incredible year that saw them add $950 billion onto their market caps together.ĭuring the last half of 2020, Microsoft became one of only three companies in the world worth more than $1 trillion. In 2018, Microsoft became the world's most valuable company. Microsoft Valuation - $2.31 trillion Country - U.S. This is all thanks to his company's success which owes much of its achievements towards unparalleled customer service and an ever-growing catalogue with products from nearly every genre imaginable. Though, it only took them until January 2020 when they surpassed analyst expectations with their earnings and revealed that Amazon has 150 million members in its Prime subscription service.Īmazon's growth in value has been exponential over the past few years, reaching a new milestone last month when it became clear that former CEO Jeff Bezos's net worth would soon surpass $100 billion. Founded - 1994 Amazon LogoĪmazon hit $1 trillion a month to the day after Apple, but it was also severely affected by the 2018 market slump. Amazon Valuation - $1.68 trillion Country - U.S. 3, 2022, Apple became the first U.S company to reach $3 trillion. The company became the first one in the United States to reach a valuation of $2 trillion on Augon Jan. To put that sum in perspective, Apple's market capitalization is slightly lower than the GDP of Australia ($1.4 trillion) and somewhat higher than Mexico($1.2 trillion). However, the stock rose in 2019, and the company's market capitalization reached $1.3 trillion in early December. By 2018, it had already been listed among Fortune's World's Most Powerful 50 companies for several years running but that didn't last long as Apple sunk below $800 billion by 2019, thanks in part due to the US stock market, which has plagued many American enterprises over that past year. Founded - 1976 Apple LogoĪpple surprised a few and became the first company to hit $1 trillion. Apple Valuation - $3 trillion Country - U.S. List of World's Trillion-Dollar Companies 1. This makes it one out of six companies with a trillion-dollar market value-a notable exception in an otherwise primarily American dominated leaderboard. The Saudi Arabian company Saudi Aramco made the list of top global corporations. Since then, five other companies have joined the club: Amazon, Microsoft, Saudi Aramco, Alphabet, and Tesla.

The first trillion-dollar US company was Apple, which hit that level on 4 August 2018. However, the corporation only held the level for a short time. In its first day of trading on the Shanghai Stock Exchange on November 5, 2007, it reached a market capitalization of $1 trillion. PetroChina was the first company on the planet to reach a $1 trillion market capitalization. Which Companies Are Next to Join the Trillion Dollar Club?įAQ Which is the First Trillion-Dollar Company? List of World's Trillion-Dollar Companies

Which is the First Trillion-Dollar Company? With the increase, we must know how many of these titans exist today in our global economy. In the last couple of years, we have seen many companies surpass $1 trillion in value. The world is a competitive place, and as such, many trillion-dollar companies have risen to prominence. From the end-December 2021 level, outstanding domestic debt has increased by P596.70 billion or 7.3 percent,” the Treasury said.The Trillion Dollar Club is a group of business giants with an annual revenue higher than $1 trillion. “For the month, the increase in domestic debt was due to the net issuance of P96.30 billion in government securities and the P5.36 billion impact of local currency depreciation against the US dollar.

Of the total debt stock, 31.5 percent was sourced externally while 68.5 percent were domestic borrowings,” the Treasury said.ĭomestic debt amounted to P8.77 trillion as of end-June, up by P101.66 billion or 1.2 percent from the end-May 2022 level. “The national government’s debt portfolio climbed by P296.06 billion or 2.4 percent in June due to the net issuances of domestic and external loans as well as currency adjustments. The Treasury said the government debt also rose P296 billion, or 2.4 percent on a month-on-month basis from P12.49 trillion registered in May. Outstanding government debt climbed by more than P1.6 trillion, or 14.6 percent, in June to hit a record P12.79 trillion from P11.17 trillion a year ago as the government borrowed more to fund infrastructure projects and COVID response efforts, data from the Bureau of the Treasury.

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