PDD launched budget shopping site Temu in September 2022 to compete with Shein, led by fellow Chinese billionaire Chris Xu. Larry Page is no longer in charge of day-to-day operations at Alphabet, the parent company of Google. But he’s still a board member and major shareholder – and his net worth increased over the past year by about $20 billion to $111 billion. The widow of Apple founder Steve Jobs, who died in 2011, Laurene Powell Jobs now ranks No. 110 richest tech company in the world on the Forbes list of billionaires, down from No. 96 last year, as her net worth fell by about $2.6 billion to $16.4 billion in 2022. Scott Farquhar is cofounder, along with Mike Cannon-Brookes, of collaboration software company Atlassian, based in Sydney, Australia. It’s the only company from mainland China on the list; the only other Asian company in the top ten is chip giant Taiwan Semiconductor Manufacturing Company (TSMC), worth $600.3 billion.
- • Tencent’s largest shareholder is South African internet group Naspers, which holds a 29 percent stake in Tencent through Prosus, its investment company, which trades in Amsterdam.
- Assets and profits also swelled, climbing 19% and 11%, respectively, to $5.2 trillion and $434.7 billion.
- Boosted by a flurry of monster public-market debuts, a record 177 tech companies landed on this year’s Global 2000, Forbes’ annual ranking of the world’s largest public companies.
- Its sleek vehicles are highly sought after by consumers despite their hefty price tags and long wait times for delivery.
- They offer companies various solutions such as business transformation, cybersecurity, and enterprise management.
When they released SAP R/2 and SAP R/3 software, they set a global standard in terms of enterprise resource planning (ERP). It makes use of in-memory computing; therefore, it enables tremendous amounts of data to be processed fast and smoothly. The cybersecurity unit is the most valuable -and the fastest growing- part of the company.
Nvidia’s business has been turbocharged by the AI boom that’s taken over the global tech industry. The company makes many of the critical chips that provide the computing power needed to run the models that underpin AI tools. Nvidia provides the building blocks for what some consider to be among the most significant developments in the history of tech—and it joined the trillion-dollar club last June. Specialized in electronics, software, and online services, Apple’s quarterly revenue is $81.8 billion. It is down 1 percent year over year, and quarterly earnings per diluted share of $1.26, is up 5 percent year over year in 2023. Lei is the cofounder and CEO of Xiaomi, which ranks among the top five smartphone vendors by market share in the world.
• NVIDIA was founded in 1993 and has been a leader in computer graphics and artificial intelligence (AI) technology ever since. • Meta Platforms reported that Facebook had 2.94 billion monthly active users as of March 31, 2022. Sergey Brin, who cofounded Google with Larry Page, is also no longer involved in the daily operations of the company – and yet his net value also increased last year by nearly $20 billion to $107 billion. Steve Ballmer, the former CEO of Microsoft, saw both his ranking and worth increase over the past year, from No. 14 ranking in 2021 to No. 9 this year and from $68.7 billion to $91.4 billion. Nvidia’s historic stock rally is perhaps the example par excellence of the old investing adage that to make money in a gold rush one should sell shovels and pickaxes.
➡️ Also; LinkedIn, Skype, and GitHub can be listed among the company’s subsidiaries. It produces consumer electronics and computer https://1investing.in/ software, as well as offers related solutions. The company was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in 1976.
World’s most valuable technology companies in 2022
With a deep understanding of the industry and the future that awaits it, they accompany customers in their metaverse journey. SAP software gathers and centralizes data, normally which would be collected and analyzed separately by each department/team. It helps to have a better view and interpretation of collected data while increasing productivity -and ultimately, profits.
The world’s most valuable tech companies
However, Forbes found that the United States still boasts the most billionaires with 735 list members worth a collective $4.5 trillion. Boosted by a flurry of monster public-market debuts, a record 177 tech companies landed on this year’s Global 2000, Forbes’ annual ranking of the world’s largest public companies. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site.
Last year, Dell announced a $100 million donation to fight Covid-19 through the Michael and Susan Dell Foundation. Four fifths of the gift went to providing relief for small businesses and nonprofits impacted by the pandemic, while the rest was donated to medical groups making efforts to treat the virus. Though many people may not be familiar with it, Taiwan Semiconductor Manufacturing Co., or TSMC, is one of the most important companies in the world. It manufactures chips that go into many different electronic devices such as iPhones, computers and automobiles.
• TSMC builds computer chips and in 2021 had an annual capacity of more than 13 million 12-inch equivalent wafers.
What companies are in the technology field?
In total, about 81 of the world’s largest tech companies are based in the United States, far more than any other country. China, Japan and Taiwan are other tech hotspots, claiming stake to 26, 15 and 13 companies on the list, respectively. The Silicon Valley firm is also worth more than any other company in the world, boasting a market value of nearly $2.3 trillion when the Global 2000 was tallied on April 16. The tech industry has created some of the world’s most valuable companies, which have also been some of the best investments.
Assets and profits also swelled, climbing 19% and 11%, respectively, to $5.2 trillion and $434.7 billion. Internet giant Tencent rounds out the top five with its highest placing yet, jumping 21 spots to land at No. 29 overall. The only Chinese company among the world’s 20 largest tech firms, Tencent posted the biggest sales and profit gains out of any firm in the top 20.
List of largest technology companies by revenue
Page is a founding investor in space exploration company Planetary Resources and is also funding flying car startups Kitty Hawk and Opener. Huateng, also known as Pony Ma, chairs Chinese Internet giant Tencent Holdings. Tencent, which owns a stake in U.S. videogame company Epic Games, is one of the largest videogame publishers in the world. Powell Jobs inherited her fortune, mostly through shares of Walt Disney and Apple, from her late husband, Apple cofounder Steve Jobs, who died in 2011. Powell Jobs is the founder and president of the Emerson Collective, an impact investing, philanthropy and advocacy firm focused on environmental justice, health, immigration and education.
The cofounder of online discounter Pinduoduo got $38.8 billion richer over the past year, as his firm became China’s largest e-commerce platform by active users in March—just six years after its 2015 inception. Last July, Huang stepped down as CEO; in March, he abruptly exited as chairman and entrusted his voting rights to the board. Huang told shareholders he would turn his attention to research in food and life sciences. A key reason for technology’s dominance comes from the top-heavy nature of the list.
And, like the rest of the market, tech isn’t immune to investor worries about inflation and Russia’s invasion of Ukraine. Although they might seem fundamentally similar, Trello and Jira differ in their target audience. While Jira has special pre-determined settings/templates for coders, Trello addresses other teams (marketing, sales, product, etc.) and individuals.
His ranking jumped from No. 186 in 2021 to No. 78 in 2022, thanks to a nearly $9 billion jump in his wealth over the past year. Cofounder and owner of messaging app Telegram, Pavel Durov’s firm has more than 600 million users worldwide – and its prominence has increased since the outbreak of the Russian-Ukrainian war earlier this year. Durov’s net worth fell by $2.1 billion in the past year, knocking his ranking down from No. 112 in 2021 to No. 123 in 2022. The company’s market cap crossed the $2 trillion threshold for the first time in June, and it is threatening to outpace Apple to become the first company to be worth $3 trillion. But after Beijing cracked down on homegrown tech giants last year, the company’s share price slid. It most recently exited the top 10 list of most valuable companies globally in December, together with Alibaba, leaving no Chinese representation on that list, Nikkei reported.
