The 2021 Hurun Global 500 was released

Original from: Hurun Research

Image Credit: Hurun Research

August 20, the Hurun Research Institute in association with Jiaxing City in East China released the 2021 Hurun Global 500, a list of the 500 most valuable non-state-controlled companies in the world, ranked according to their value, defined as market capitalisation for listed companies and valuations for non-listed companies. The cut-off date used was 15 July 2021.

Hurun Global 500 now worth US$58tn, up US$8.5tn or 17%. USA companies dominated, adding US$5.6tn. The next biggest were UK and Germany adding US$320bn and US$269bn. USA led with 243 companies, up 1, followed by China 47, down 4.

The Hurun Global 10 are worth US$12.2 trillion, up US$1.8tn, and represent 21% of the total value of the Hurun Global 500. 7 of the Top 10 are from the USA. Alibaba dropped down 2 places to 9th, whilst Taiwan chipmaker TSMC broke into the Top 10.

‘World’s Big 4’ Apple, Microsoft, Amazon and Alphabet double in value since Covid, adding US$4tn to take their combined value to US$8tn, and making up 14% of Hurun Global 500 Most Valuable Companies.

China had 47 companies, down 4, worth US$5.5tn, more than the combined total of companies from third- and fourth-placed Japan and UK. Led by Tencent worth US$697bn (down 3%) and Alibaba (down 18% and 2 places to 9th). Shanghai was overwhelmingly preferred city for 159 of the non-China Hurun Global 500, followed by Beijing for 79.

According to CACLP statistics, more than 10 companies involved in in vitro diagnostics are on the list. Among them, China medical equipment manufacturer Mindray ranks 176 with US$86bn value.

Rupert Hoogewerf, chairman and chief researcher of Hurun Report, said:

“It is easy to see why the Hurun G500 represents the most powerful group of companies in the world. With a total value of US$58tn, they make up the backbone of the world’s economy. Together these 500 companies had combined sales of US$18.4tn, bigger than the GDP of China, and employed 43 million staff, equivalent to the working population of Germany. There is masses of competition to make the cut-off to the Hurun Global 500, which was pushed up 15% to US$36.6bn.”