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TEMPO.CO, Jakarta - An asset refers to anything that has economic value with the expectation of generating benefits for the owner in the future, according to Investopedia.
Individuals, companies, or even countries can have assets, either in the form of, for example, stocks, bonds, mutual funds, or physical things. The value of these assets varies, with some exceeding others.
Let's explore the top 10 most valuable assets in the world in 2024. Can you guess which type of asset will be the most valuable?
List of the Top 10 Most Valuable Assets in the World in 2024
Companies Market Cap has revealed the list of the world's most valuable assets by market cap as of November 2024. The list includes public companies, precious metals, and even cryptocurrencies.
As mentioned on the website of Madison Trust Company, market capitalization describes the total value of a company’s outstanding shares. This figure provides investors with information about the current size of a particular company.
So, what are the top assets by market cap in 2024? Scroll down to find out more.
1. Gold (US$17.397 trillion)
Gold has long been a symbol of wealth and security. The metal also remains the most valuable asset in the world, with a market cap of over US$17 trillion as of November 2024. What makes gold so valuable?
According to Investopedia, other than being the ultimate representation of wealth and power, gold plays a crucial role as a means of exchange. The metal is also considered to be scarce and difficult to extract, adding to the value it holds.
2. NVIDIA (US$3.482 trillion)
NVIDIA is the global leader in artificial intelligence (AI) computing technology. The tech company specializes in manufacturing graphics processing units (GPUs) for PCs and gaming.
Citing The Motley Fool, the AI boom has greatly contributed to NVIDIA's growth and emergence as a leading player in the industry. As of November 2024, the tech titan’s market cap soars past US$3 trillion.
3. Apple (US$3.401 trillion)
Apple follows right behind NVIDIA in third position, with a market capitalization of over US$3 trillion. The tech giant has emerged as a notable player in the industry since its founding in 1976, coming up with innovative and reliable products.
The Motley Fool mentions that Apple was the first company to become the most valuable on August 9, 2011. The date was significant as Apple achieved this feat about two weeks after Steve Jobs resigned from his role as the company’s CEO.
4. Microsoft (US$3.085 trillion)
Another tech giant included on our list is Microsoft. As of November 2024, its market cap stands at US$3.085 trillion, making it among the most valuable assets in the world.
While the company is mainly pivotal in developing the major operating systems for over 70 percent of computers across the globe, Microsoft is still pushing its way into AI technology with the launch of its latest Microsoft Copilot.
5. Amazon (US$2.130 trillion)
Founded by Jeff Bezos in 1994, Amazon started its journey as an online bookstore but rapidly expanded to become the world's largest online retailer, where you can buy things from A to Z. The e-commerce leader’s market cap is valued at US$2.130 trillion in November 2024.
6. Alphabet (Google) (US$2.119 trillion)
You must be familiar with Google, right? The most prominent search engine is brought to you by Alphabet. Aside from Google, Alphabet has also developed Gmail, YouTube, Waze, and more.
The company’s dominance in search engines and AI-driven tools ensures its spot among the most valuable assets, with a market cap surpassing US$2 trillion.
7. Bitcoin (US$1.824 trillion)
Bitcoin is the current leader among cryptocurrencies. By 2024, the digital currency boasts a market cap worth approximately US$1.824 trillion. So, what makes Bitcoin so valuable?
Investopedia explains that it has something to do with Bitcoin’s capability to store value and be a unit of exchange. Additionally, ever since its creation in 2009 by the notoriously anonymous Satoshi Nakamoto, people have used Bitcoin not only as a currency but also as an investment instrument.
If you’re stumped on whether to invest in Bitcoin or the more secure gold, check out our previous article on Bitcoin vs Gold.
8. Saudi Aramco (US$1.782 trillion)
Aside from tech giants, oil companies like Saudi Aramco are also among the most valuable. Established in 1933, Saudi Aramco, officially known as the Saudi Arabian Oil Company, is the largest oil producer worldwide owned by the Saudi Arabian government.
Citing Investopedia, the company began its drilling operation in 1938 and has produced up to 500,000 barrels of crude oil per day. Given its vast oil production capabilities, Saudi Aramco reaches a market cap of US$1.782 trillion as of November 2024.
9. Silver (US$1.729 trillion)
Despite being overshadowed by gold, silver remains one of the most precious metals in the world. This substance is prominent in the production of coins, jewelry, and even electronics. As of 2024, silver’s market cap stands at US$1.729 trillion.
10. Meta Platforms (US$1.398 trillion)
Meta Platforms, formerly known as Facebook, rounds out the list of the world’s most valuable assets in 2024. The company holds US$1.398 worth of market cap this year.
While Meta is widely recognized as a global leader in social media, thanks to its Facebook, Instagram, and WhatsApp, it has also expanded its operations into the virtual reality domain, with Meta Quest 3 as its latest product, as per The Motley Fool.
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