Apple has more cash than market value of Tata and Reliance (2024)

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Is Apple richer than Reliance? ›

It was followed by Apple ($2.97 trillion), Saudi Aramco ($2.03 trillion), Alphabet (Google) ($1.91 trillion), Amazon ($1.64 trillion), NVIDIA ($1.5 trillion), and Meta Platforms (Facebook) ($1.01 trillion). In dollar terms, the m-cap of Reliance stands at $236.28 billion.

Apple has maintained its position as the dominant player in the premium smartphone market, holding a 71 per cent value share. From an Indian perspective, Tata Group was the only Indian brand among the top 100 most valued brands. Tata improved its ranking from 69th in 2023 to 64th in 2024.

Tata Group is currently the behemoth of India with a combined market value of over Rs 28 lakh crore, far higher than Adanis and Ambanis. However, unlike Mukesh Ambani and Gautam Adani, the Chairman Emeritus of Tata Sons, Ratan Tata does not belong to the top 50 or even top 10, top 5 world billionaires list.

Apple's market cap, after crossing USD 3.05 trillion, is only less than the GDP of six countries - US ($25.5 trillion), China ($18 trillion), Japan ($4.2 trillion), Germany ($4.07 trillion), India ($3.4 trillion), and the United Kingdom ($3.07 trillion), as per Business Insider.

Apple briefly surpassed Microsoft on Wednesday to become the most valuable company in the world, after it announced its push into artificial intelligence during its developers conference keynote on Monday. Apple had a market cap of $3.3 trillion as of about 10:45 a.m.

Is Apple no longer the most profitable technology company in the world? Currently, no. Samsung has posted more profit than Apple two quarters in a row now, the most recent quarter being $7.5 billion (Apple) versus $7.6 billion (Samsung).

The bulk of his wealth is derived from Tata Sons, and a significant factor in his lower ranking is the admirable practice of allocating 66 per cent of Tata Companies' profits, managed by Tata Sons, for philanthropic initiatives through Tata Trusts.

Mukesh Ambani, Founder and chairman of Reliance Industries is a net worth of $75.8 billion making him one of the richest man is the world. Ratan Tatas ,chairman emeritus of Tata sons, who is a net worth of $1 billion and whose company's net worth is $105 billion.

Tata Consultancy Services (TCS), valued at around ₹15 lakh crore or $170 billion, stands out as not only India's second-largest company but also nearly half the size of Pakistan's struggling economy, which grapples with a looming economic crisis aggravated by an overwhelming debt burden.

Nvidia is now worth more than $3 trillion — and worth more than Apple.

Is Apple richer than US government? ›

As the U.S. government struggles to reach an agreement on the debt-ceiling, the U.S. Treasury's balance has fallen behind Apple Inc. The balance fell to $74 billion behind Apple's $76 billion. Apple is the second largest company in the world by market value, at nearly $362 billion.

With a GDP of just over $900 billion, Apple's market cap is over two and half times larger than the Netherlands and three times larger than Switzerland. In fact, fewer than ten countries around the world, including the United States and China, have a GDP larger than the tech giant's estimated value.

Apple Reclaims Crown As World's Most Valuable Company From Microsoft. Derek Saul has covered markets for the Forbes news team since 2021.

Apple's stock loses steam as company fails to finish worth more than Microsoft. Microsoft Corp.'s reign as the largest U.S. company by market capitalization is safe for another session. Though Apple Inc.