Biz Tips: Apple, Amazon Are Wealthier than 92% of the Countries in the World

Biz Tips: Apple, Amazon Are Wealthier than 92% of the Countries in the World

Biz Tip:

Apple, Amazon Are Wealthier than 92% of the Countries in the World

A new study by Clario Tech has analyzed which tech giants are wealthier than entire countries!

Tech giant, Apple dominates global industry and has reached a colossal value of $2.2 trillion. This study shows just how large Apple and other tech giants would be if they were recognized countries on Earth.

Looking at GDP versus market capitalization value and revenue, Apple would be wealthier than Italy, Canada and Russia – whereas companies such as Amazon would be wealthier than 92% of the world.

In 2018, Apple became the first company to surpass the trillion-dollar value mark – and has more than doubled its value since. Now worth a cool $2.2 trillion, compared to the wealth of countries’ worldwide – it would be the 8th richest country in the world.

Hitting this milestone means Apple is currently wealthier than Italy, Brazil and Canada in terms of GDP and ultimately would be richer than 96% of countries on Earth.

MICROSOFT IS AS WEALTHY AS CANADA AND RUSSIA

Microsoft has a market cap of $1.8 trillion which puts it as the 3rd wealthiest company on our list, and would be the 12th wealthiest country in the world overall should it be a country.

If Microsoft wants to be in with a chance of competing with tech rival Apple, they would still have to increase their value by $400 billion to go to catch up with their closest tech rival.

With it being the 3rd wealthiest company, Microsoft’s value is equal to Canada’s GDP making it wealthier than Russia, South Korea and Australia.

Looking at the total company revenue and the amount of staff employed by Microsoft; the revenue per head would be a whopping $873,910. Compared to the GDP per capita for Canada, which was $46,194 in 2019, Microsoft as a country would dwarf the GDP per capita and would be the highest of any country in the world – by a long shot.

WITH A VALUE OF $1.6 TRILLION, AMAZON WOULD BE THE 14TH RICHEST COUNTRY

While his position as the world’s richest man interchanges with Tesla founder, Elon Musk – the CEO of Amazon; Jeff Bezos, who is worth $193 billion, has built a company now wealthier than 92% of the world’s countries.

With a market cap value of $1.6 trillion, it makes it on par with the whole of South Korea, a country with a population of 51.71 million people.

Looking at the total company revenue and the amount of staff employed by Amazon the revenue per head would be $351,531, more than any country in the world.

The e-commerce giant still has another $600 billion to go to catch up with Apple’s market cap, but its huge value still makes it richer than developed economies such as Mexico, Netherlands and Switzerland.

Countries v companies – our table shows where companies would sit in the global rankings.

No. Country/Company Nominal GDP (country) or Market Cap (company)
1 United States of America $21,433,200,000,000
2 China $14,342,900,000,000
3 Japan $5,081,770,000,000
4 Germany $3,861,120,000,000
5 India $2,868,930,000,000
6 United Kingdom $2,829,110,000,000
7 France $2,715,520,000,000
8 Apple $2,296,000,000,000
9 Italy $2,003,580,000,000
10 Saudi Aramco $1,990,000,000,000
11 Brazil $1,839,760,000,000
12 Microsoft $1,827,000,000,000
13 Canada $1,736,430,000,000
14 Russia $1,699,880,000,000
15 Amazon $1,688,000,000,000
16 South Korea $1,646,740,000,000
17 Alphabet (Google) $1,411,000,000,000
18 Australia $1,396,570,000,000
19 Spain $1,393,490,000,000
20 Mexico $1,268,870,000,000
21 Indonesia $1,119,190,000,000
22 Tencent $909,510,000,000
23 Netherlands $907,051,000,000
24 Tesla $807,820,000,000
25 Saudi Arabia $792,967,000,000
26 Facebook $763,460,000,000
27 Turkey $761,425,000,000
28 Alibaba $730,440,000,000
29 Switzerland $703,082,000,000
30 Poland $595,858,000,000

The United States tops the table with a GDP of $21.4 trillion which makes it the biggest country in the world.

With a GDP so big, will any country be able to overtake America?

Apple has increased its market cap by more than 100% in two years, and as the frontrunner, it would have to keep increasing to be in with any chance of making up the $19.2 trillion needed to overtake the USA as the world’s wealthiest entity.

For more information, and additional maps such as Facebook; check out the full study here.

SOURCE: Clario

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