Fifteen years ago, everyday life was very different: smartphones as we know them today had not yet been invented, Facebook had only just been founded, and ExxonMobil was worth ten times as much as Apple. More than a decade later, the rise of America's digital giants has radically changed this landscape.
As an illustration of the unshakeable growth of GAFAM, Apple surpassed the $2 trillion market capitalization threshold for the first time last week - a historic milestone that only the oil giant Saudi Aramco has crossed before, in December 2019.
As our infographic shows, in 2005, the list of the world's most valuable listed companies was rather diverse, with a few large oil companies, but also multinational conglomerates, distribution companies, as well as those in finance and healthcare. But today, with the exception of Saudi Aramco, it is the American tech giants that dominate the rankings, followed by their Chinese competitors Alibaba and Tencent.