TOP 10 World's Most Valuable Brands in 2024

In this article, we have collected the current information on the most valuable (richest) global brands as of March 13, 2023.

Olga Protska Senior Content Writer & 2D Artist

According to Wikipedia, the brand is a manufacturer's mark and a trademark having a high reputation among consumers.

We should note that the concept of the brand is much narrower than that of a company;  a company may possess several brands, for example, Google is a brand, and Alphabet Inc. is the company owning that brand.

So, we suggest you have a look at this list and compare it with our list of the largest companies by market capitalization to see the difference.

Let’s get started.

Top 10 Most Valuable Brands in the World

#1

Apple inc.

$482 bln.

Industry: Electronics, information technology.
Products: Personal computers and tablets, mobile phones, audio players, and others.

Today, Apple is the most valuable brand in the world. Its value is estimated at $355 billion by rating agencies experts.

The company was established on 1 April 1976 by Steve Wozniak, Ronald Wayne, and Steve Jobs. The trio initially engaged in the assembly of home computers and the production of proprietary models of PC. But their greatest success came in recent years when Apple introduced its line of mobile products to the world — iPhone smartphones and iPad tablets.

Nowadays, the range of Apple products is very broad and includes smartwatches, computers and laptops, tablets, smartphones, and more. However, the hallmark of "apple" gadgets' popularity is high quality, stylish design, and a brilliant marketing program by Steve Jobs.

Today the company has thousands of offices, brand stores, and service centers worldwide with a staff of nearly 147,000 employees.

An interesting fact: the modern "apple" logo, which is probably one of the most recognized nowadays, had undergone many changes before it became one of the world's most famous.

The headquarter is located in Cupertino, California, USA.

#2

Microsoft

$278 bln.

Industry: Software development.
Products: Microsoft Office, Microsoft Windows, Xbox.

The internationally famous Microsoft Corporation was founded in 1975 by Bill Gates. At that time, Microsoft was the first software developer that suggested using packaged software for personal computers (PC) that would thereby make the PC experience user-friendly and intuitive. This software – the Windows operating system – was a real breakthrough since it allowed ordinary users to master PC skills easily. The system brought the company an incredible success and huge profits.

Today Microsoft is one of the leading companies in the PC software market as well. It releases the new-generation Windows operating systems, a set of applications to work with documents called Microsoft Office, and many other software programs. Besides, Microsoft produces its own mobile devices and accessories, video, audio, and office equipment and is currently at the top 3 of the most famous brands in the world.

The headquarter is in Redmond, Washington, USA.

#3

Amazon

$275 bln.

Industry: Retail business.

Amazon is the American biggest retail company selling and delivering various goods over the Internet.

Internet users, suppliers, and producers can sell any goods on their own by using Amazon’s website as an online platform. So, the company’s major business line is the sale of products. The popularity of the service soared due to high-quality goods, low prices, prompt delivery, and a wide assortment.

The company was established in 1994 by Jeff Bezos. Amazon is headquartered in Seattle, Washington.

According to overall estimations, the company employs over 1 million people and has more than $321 billion in assets. Its annual turnover amounts to approximately $458 billion, making it one of the most successful brands in the world.

#4

Google

$252 bln.

Industry: Internet.

As it is the most used search engine on the internet, probably all users of the global network know Google. That is why the "Google" brand is one of the most expensive in the global ranking.

The experts estimate its value at $263 billion, which makes it the second most expensive brand in the world.

The company was established in 1993 by Sergey Brin and Larry Page. It provides the search service that processes billions of queries per day. Because of its advanced search engine, the Google creators managed to implement one of the most powerful advertising aggregates on the Internet, which generates the single largest share of the revenue for the company.

However, it is not the only product of the company. Alphabet Inc. constantly develops new projects. For example, Google currently releases mobile gadgets of its own making, creates software (e.g., Android OS) intended to work with them, and owns many popular Internet services such as YouTube, Gmail, Google Maps, Google AdWords and so on. So, it's fair to say that with such a constant growth Google is one of the biggest brands in the world.

Headquarter is in Mountain View, California, USA.

#5

Walmart

$112 bln.

Industry: Retail business.
Products: Bakery food, beers, frozen uncooked food, meat, pharmaceuticals, seafood, and other goods.

Walmart is the largest chain of multiple retail stores offering goods for lower prices than average in the United States and Canada. It was founded by Sam Walton and is headquartered in Bentonville in the Northwestern part of the state of Arkansas.

Interestingly, Walmart has so far not managed to establish a delivery system as effective as that of, for example, Amazon.

However, sometimes the company brings original ideas to life. For example, buyers that agreed to deliver goods to their neighbors who purchased them online were offered a scheme of discounts in 2013.

Despite the first place in the ranking, Walmart has its shortcomings, among which are problems with expansion, competitive battle against Amazon, and frequent criticism from the customers.

However, those are far from being critical, given Walmart’s capitalization level and international influence.

According to many analysts experts, Walmart may “collapse” only under its “own weight”, due to its giant size. Nobody knows whether the giant with its archaic work process organization can quickly adapt to the rapidly changing market where you need to be ready 24/7 to readjust “your positions” promptly.

#6

Facebook

$101 bln.

Industry: Internet.
Products: Social network.

Facebook was developed by Mark Zuckerberg in February 2004. The Facebook social network is currently being visited by more than 2 billion people every day. The value of $70 billion is simply an astronomical indicator of the popularity and demand for an Internet project.

Today Facebook yields more than $38 billion net yearly profit thanks to online advertising.

The headquarter is in Menlo Park, California, USA.

#7

Samsung

$88 bln.

Industry: Electronics.
Products: Electronics, household appliances, shipbuilding, aircraft engineering, finances, chemicals, and entertainment.

Samsung is globally known as a consumer electronics producer.

The company was established in South Korea in 1938. In 1969 Sanyo merged with Samsung, which gave birth to Samsung Group and changed the marketing approach and company's mission.

In 1980, the first models of Samsung air conditioners appeared on the market. This was the beginning of the successful development in the European and Asian markets of climatic equipment.

In 1983, the Samsung company started the production of personal computers. By 1991-1992 the development of the first product line of mobile phones was completed. And in 1999, Samsung Electronics won the Forbes Global award in the category of consumer electronics manufacturing.

Nowadays, Samsung Group has plenty of lines for various kinds of products.

The company is headquartered in Suwon, the provincial capital of Gyeonggi-do, Republic of South Korea.

#8

Coca-Cola

$67 bln.

Industry: Food industry.
Products: Non-alcoholic drinks.

Coca-Cola is the most famous worldwide carbonated soft drink that brings more than $8 billion in net profit for its company per year.

The famous beverage brand was established in 1886 and was first advertised as the "brain tonic". Today the company’s product suite also includes Fanta, Sprite, Diet Coke, and Schweppes.

Due to the large value of its assets, high profitability, a huge staff, and high profits, the value of the "Coca-Cola" brand is estimated at $88 billion.

The headquarter is located in Atlanta, Georgia, USA.

#9

Toyota

$60 bln.

Industry: automobile manufacturing.
Products: automobiles.

Toyota is a Japanese company founded in 1924 by Sakichi Toyoda. It is interesting that initially he didn’t even engage in the manufacturing of automobiles, but was producing weaving looms.

His son, Kiichiro Toyoda, took an interest in automobile manufacturing and established the division with the funds received from selling a patent on an intelligent production machine.

Global annual sales of Toyota cars almost reached $272 bln. in 2018. And, as car sales in Japan declined significantly, it is a testimony to the company’s activity in the global market.

The headquarter is in Toyota, Aichi, Japan.

10

Mercedes-Benz

$56 bln.

Industry: automobile manufacturing.
Products: automobiles.

Mercedes-Benz is one of the most recognized automotive brands in the world. The German company was founded in 1926 through the merger of two main competitors. Since 2018, Mercedes-Benz has taken the second place in the ranking of car manufacturing companies.

Mercedes-Benz produces premium cars, buses and trucks that are renowned throughout the world. In total, the company employs almost 168,000 people worldwide.

The headquarters are located in Stuttgart, Germany.

#11 – #30 Most Valuable Brands List

*Some data may not be accurate for lack of or limited access to published reports in recent periods.

How is the brand value estimated?

There are different ways to estimate brand value, but many of them are controversial. Everyone understands the concept of value in their manner, so estimation is generally subjective.

Popular methods and approaches to the estimation of the brand value are the following:

Total Costs. The brand is estimated based on the sum of all costs incurred to build the brand since its creation. Those may include advertising costs, costs for assets purchase, employee salaries, etc. After adjusting the annual values for inflation, the obtained sum shall stand for the real value of the brand.

Note that the resulting value will reflect only the cost of the brand creation, and the owners most likely will refuse to sell it for that price.

Market Value. This is the easiest method of estimation. We simply multiply the number of issued shares by their current market price. By the way, we have a list of  the most expensive shares in the world.

The drawback of this method is the following: stock prices change rather fast, the brand value drops significantly during a crisis and, on the contrary, an asset might be overvalued by investors.

Income. The essence of the method is that future net income, which is directly related to the brand, is calculated to estimate the value of the brand at the moment.

The methods described above generate raw information, so in this article, we have used data on value according to the online edition of Forbes.

Olga Protska Senior Content Writer & 2D Artist