Reliance Industries topped the 2023 ranking of the conglomerates with the highest market value worldwide. The conglomerate beat out major players such as Danaher, Honeywell International, 3M, Raytheon Technologies, and Siemens.
Rise of Asian conglomerates
European and U.S. companies remained dominant in the 2023 ranking, but Asian conglomerates are on the rise. Reliance Industries of India was the leading publicly traded Asian conglomerate in terms of market value, based on closing prices as of May 5, 2023. CK Hutchinson of Hong Kong made this year's ranking. For many years, this company had been managed by Sir Li Ka-shing, who is the 28th richest individual in the world. CK Hutchison is the parent company of the Hutchison Asia Telecom Group, Cheung Kong Infrastructure Holdings, A.S. Watson Group, Husky Energy, and Hutchison Port Holdings, one of the largest marine terminal operators globally. Softbank, LG Chem, Itochu, and Mitsui were among the Asian conglomerates that made it into the top 20.
World's largest conglomerates as of May 5, 2023, based on market value
(in billion U.S. dollars)
Each company making the list has to be public. The source uses the latest-12-months’ financial data available to them. In order to be included, companies need to exceed the following cutoff values: sales of $5.9 billion, profits of $423 million, assets of $13.8 billion and market value of $6.3 billion.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Forbes. (June 8, 2023). World's largest conglomerates as of May 5, 2023, based on market value (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/261527/the-largest-conglomerates-worldwide-based-on-market-value/
Forbes. "World's largest conglomerates as of May 5, 2023, based on market value (in billion U.S. dollars)." Chart. June 8, 2023. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/261527/the-largest-conglomerates-worldwide-based-on-market-value/
Forbes. (2023). World's largest conglomerates as of May 5, 2023, based on market value (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/261527/the-largest-conglomerates-worldwide-based-on-market-value/
Forbes. "World's Largest Conglomerates as of May 5, 2023, Based on Market Value (in Billion U.S. Dollars)." Statista, Statista Inc., 8 Jun 2023, https://www.statista.com/statistics/261527/the-largest-conglomerates-worldwide-based-on-market-value/
Forbes, World's largest conglomerates as of May 5, 2023, based on market value (in billion U.S. dollars) Statista, https://www.statista.com/statistics/261527/the-largest-conglomerates-worldwide-based-on-market-value/ (last visited December 22, 2024)
World's largest conglomerates as of May 5, 2023, based on market value (in billion U.S. dollars) [Graph], Forbes, June 8, 2023. [Online]. Available: https://www.statista.com/statistics/261527/the-largest-conglomerates-worldwide-based-on-market-value/