Rs 10450393085000 earnings in a year, company is…, Elon Musk and India’s richest person Mukesh Ambani’s company ranks at…

While Mukesh Ambani led Reliance may dominate the Indian market, it still has a long way to go to challenge the profitability of global giants like Saudi Aramco and Apple.

Mukesh Ambani’s Reliance Industries is India’s most valuable and profitable company. However, it doesn’t feature among the top 50 companies globally in terms of profit. Interestingly, the most profitable company in the world is not based in the United States, even though Apple holds the top position in terms of market capitalization.

Saudi Aramco: World’s Most Profitable Company

Saudi Arabia’s state-owned oil giant, Saudi Aramco, claimed the top spot as the world’s most profitable company. Last year, it earned a staggering profit of $120.7 billion a figure far ahead of any competitor.

In comparison, Apple, despite being the most valuable company globally by market cap, ranked second in profitability with a profit of $97 billion last year. Legendary investor Warren Buffett’s conglomerate, Berkshire Hathaway, secured the third spot with $96.2 billion in profits.

Other major players in the top five include:

Alphabet Inc. (Google’s parent company): $73.8 billion

Microsoft: $72.4 billion

China’s Presence in the Top List

Chinese banks also made a strong showing in the list.

Industrial and Commercial Bank of China (ICBC) ranked sixth with $51.4 billion in profit. China Construction Bank followed with $47 billion.

Social media giant Meta Platforms (parent company of Facebook) earned $39.1 billion in profit, while two other major Chinese banks Agricultural Bank of China ($38 billion) and Bank of China ($32.8 billion) featured prominently.

Other notable companies include Amazon: $30.4 billion and NVIDIA: $29.8 billion

Where Are Mukesh Ambani And Elon Musk Companies?

The world’s largest company by revenue, Walmart, generated a profit of only $15.5 billion last year despite a massive revenue of $673.81 billion.

Elon Musk’s electric vehicle giant, Tesla, earned $15 billion in profit. Musk, with a net worth of $449 billion, remains the world’s richest person, but Tesla ranks much lower in terms of profitability.

Unfortunately, no Indian company made it to the list of the top 50 most profitable companies worldwide. Reliance Industries, with a market cap of $204.13 billion, stands at 59th globally. Last year, Reliance posted a profit of Rs 69,621 crore (approximately $8 billion), far below the global top-tier companies.