World's largest conglomerates: market value 2019

3M topped the 2019 ranking of the conglomerates with the highest market value worldwide, beating out major players such as Honeywell International, United Technologies Corporation (UTC), and Siemens. General Electric dropped five spots over last year’s ranking, as its market value was 45.4 billion U.S. dollars lower in 2019, compared with 2018.

 Rise of Asian conglomerates  

  European and U.S. companies remained dominant in the 2019 ranking, but Asian conglomerates are on the rise. CK Hutchison of Hong Kong was the leading publicly traded Asian conglomerate in terms of market value, based on closing prices as of April 18, 2019. For many years, this company had been managed by Sir Li Ka-shing, who is the 28th richest individual in the world. CK Hutchison is the parent company of the Hutchison Asia Telecom Group, Cheung Kong Infrastructure Holdings, A.S. Watson Group, Husky Energy, and Hutchison Port Holdings, one of the largest marine terminal operators globally. Jardine Matheson, Swire Pacific, and Ayala were also among the Asian conglomerates that made it into the top 20.

World's largest conglomerates as of April 18, 2019, based on market value

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Survey time period

As of April 18, 2019

Supplementary notes

Only includes public companies.

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