Apple, Microsoft, Amazon and Facebook are a lot richer than most of the countries

Have you ever think about how powerful these renowned tech companies of the world are? These companies include Google, Facebook, Microsoft, Apple, and Amazon. These companies are much powerful financially that they influence the world economy and they control a major portion of any country’s economy. The question is how these companies influence a significant portion of the economy of any country because all the businesses are directly or indirectly linked with the 5 most powerful companies in the world. For instance, the ads of most of the businesses run on Facebook, and brands can engage with most of the customers even from outside the country. If your search for the total value of these big tech companies like Amazon, Facebook, Apple, Microsoft, and Google and then compare it with the GDP of any country, you will be amazed to see the results.

If we talk about only one giant tech company that is not even much affected by the COVID-19 pandemic, for instance, the total valuation of Apple Company is about $2.2 trillion and this tech giant company is even richer than 96% of the world and there are only 7 countries in the world which have greater GDP than this company. In the year 2018, Apple became the first company to that broke the world record of crossing a Trillion-dollar mark, and it is still the first publicly-traded company that has even crossed $2 trillion. In 2019, the GDP of the world was $87.799 trillion and Apple market capitalization was 2.36% of this figure, and if, the market capitalization of this company is compared with the GDP of the US the largest economy in the world, it holds the 9.7% of this figure.

If we have a look at the net worth of Microsoft Company that is $1.8 trillion, the income of this company is still enough to put it on par with Canada and there are only nine countries of the world that have higher GDP than the valuation of Microsoft.

We use the services of Amazon almost daily and still, this company ranks third in big tech companies with a valuation of $1.6 trillion, and this company earns more money than 92% of countries of the world and if we divide it into the number of employees of this company, It means that each employee is earning $351,531 per year which is even greater than highest per capita income of the world.

The total valuation of Google Company is about $1.4 trillion and only 12 countries have more GDP than this giant company. Those companies which still have not crossed a trillion-dollar mark are Tesla, Facebook, and Alibaba, but they are still amongst the richest countries in the world.
H/T: MK.

Read next: Forbes List for The Richest People In 2021, Who are the top Five and Which New Names Made it To The List This Year
Previous Post Next Post