The five largest companies in 2011 vs 2021
Last year we looked at the five largest companies in 2010 vs 2020. It was already clear by then, that the largest companies had reached a market capitalisation so high, that it dwarfed the same graph from 10 years ago. This year the trend continues with the same companies that last year led the path, having nearly doubled their worth. In 2011 Apple dethroned Exxon Mobil for the first time.
Fast forward to 2021, and Apple has kept the lead. Its market capitalisation has increased fivefold and is now worth over 2.3 trillion dollars. Just for comparison, the top 5 largest companies in 2011 had a combined market cap of just over $1.6 trillion adjusted for inflation, or $700 billion less from what Apple has today. In total, 4 out of the 5 top companies in 2021, have a larger market cap than the sum of the top 5 in 2011.
The sum market cap of the top 5 largest companies in 2021 is $8.8 trillion, 5.2 times the sum from just 10 years ago. The gap keeps widening. In contrast, the sum market cap of the top 5 largest companies in 2020, was 4.3 times the sum of 2010 and in 2018, was 2.3 times the sum of those in 2008.
Many have speculated that we are in a stock market bubble, especially considering the huge impact of COVID-19 on the economy as a whole.
What are your thoughts?
Apple | $426,247 |
ExxonMobil | $425,786 |
PetroChina | $333,353 |
IBM | $251,809 |
Microsoft | $251,437 |
2021 | |
Apple | $2,339,000 |
Microsoft | $2,119,000 |
Alphabet | $1,777,000 |
Amazon | $1,664,000 |
$956,890 |
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