Aramco is a very difficult valuation. The attempted IPO on LSE was a disaster and the company refused to submit to various audit requirements. Then the Saudis strong-armed their neighbours into buying stock.
At this point the true scale of their reserves is extremely difficult to estimate, and the valuation of those reserves is also difficult given the political future for oil & gas in many markets.
Realistically they will probably squeeze a trillion dollars out of it but...
I thought other countries, including China and possibly Norway and the United Arab Emirates, have exceeded Saudi Arabia in the value of their sovereign wealth funds.
Somebody made a Facebook account for me in 2010. Last and only activity: that same picture in 2010. The only Apple product I bought I took back. Glad to have done my part.
One of the reasons these companies are so successful is because in many cases they make it increasingly hard to avoid using their products. For one example, AWS underpins so much of the internet so you're interacting with the company every day whether you want to or not. That company is probably the best example of an organization whose end goal is to be Buy-N-Large from the movie Wall-E.
You could add the stock tickers in another column since this is a stock market based quiz? Might add a little more depth to this and if people are interested they could know the ticker symbol to look up.
Aaaaaaaaand it's back off the trillion-dollar list. I imagine it'll bounce back and forth quite a bit in the near future before settling above a trillion dollars for good in a few years.
A friend of mine bought Nvidia stocks a few years ago because she somehow foresaw this after reading some article. Good on her. Another friend bought German defence company Rheinmetall RIGHT AFTER Putin invaded Ukraine, that also turned out well for him (my friend, not Putin). Sometimes when it feels right to buy, it actually is.
At this point the true scale of their reserves is extremely difficult to estimate, and the valuation of those reserves is also difficult given the political future for oil & gas in many markets.
Realistically they will probably squeeze a trillion dollars out of it but...
I can't believe I only found it today after like a year.
Apple: $2.38T
Amazon: $945.59B
Microsoft: $1.82T
Alphabet: $1.25T
Meta (Facebook): $293.13B
Tesla: $526.39B
Facebook has lost two-thirds of its value since hitting $1B last year, and Tesla has lost almost half.