The top high-earning companies in the US are on the path of becoming more powerful and valuable every year. These leading ventures belong to a range of market sectors comprising technology, financial services, communication, automobile and e-commerce. These top 10 US companies are contributing to persistent enhancement in US’s GDP.
All the credit for the massive contribution of these companies to national development goes to their respective managerial executives and CEOs. These top executives are responsible for aligning business objectives with the latest demand through unique strategies and planning. Here’s a sneak peek of the top companies in the United States by market cap and their renowned Chief Executive Officers!
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CEO: Tim Cook
Established as the world’s largest company by revenue, i.e., USD 394 billion, Apple is one of the biggest tech companies worldwide. It is an ever-evolving company focusing on consumer technology products, interesting designs and convenience.
Besides tech products, the company has also enhanced its sales due to venturing into the services sector. It assists in the operation of digital stores for content, payment and cloud services and the latest launch of AppleTV+, an on-demand entertainment service.
Tim Cook is currently serving as the CEO of the company. He joined Apple in 1998 as the senior vice president of international operations. He received his well-deserved promotion in 2005 to the Chief Operating Officer position. Later, with Steve Jobs’ leave of absence from the company, he was announced as the interim CEO. After the demise of Steve Jobs, he was reinstated as the company’s CEO.
Cook’s leadership has fostered the company’s growth as a tech giant and an empathetic brand. During his tenure, he has focused on bringing sustainability into product manufacturing and advancing health measures at the workplace.
CEO: Satya Nadella
Source: The New York Times
Despite the global fluctuations, Microsoft has earned USD 198 billion in revenue and USD 83 billion in operating income in the fiscal year 2022. Founded by Bill Gates in 1975, the company is the second most valuable business in the US. The company provides multiple products and services on top of its original computer software. The most lucrative product of Microsoft included Office Suite, Outlook email, storage system OneDrive and Skype.
In addition to the tech-based products, the company also owns the communication and networking website LinkedIn and Xbox gaming console series.
Satya Nadella is the current CEO of the company. He joined the business in the year 1992 as an engineer. After eight years, he became the executive vice president of the company. By gradually working his way up through innovation and leadership, he became CEO in 2014.
Under his supervision, Microsoft has acquired more cloud computing income than Google, garnered more subscribers than Netflix and enhanced market capital to almost a trillion dollars.
CEO: Sundar Pichai
Google’s parent company, Alphabet Inc., is the global leader in digital ad revenue. The company made USD 282 billion in revenue in 2021, with an annual increment of 17.94%.
Headquartered in California, Alphabet is one of the global tech leaders offering products and platforms alike. The company offers Google services, ads, Gmail, Android OS, Google Cloud, Google Play, Chrome and YouTube. Amongst the products, the company provides smart-tech watches, home products, Pixel phones, and Other Bets.
Sundar Pichai is the current CEO and a member of the board of directors for Alphabet and Google. He started his journey at the tech giant by supervising the development of the browser search bar, i.e., Google Toolbar. Thereafter, he began innovating on Google Chrome, which received accolades and availed his growth as the Vice President of product development. Soon after getting named the CEO of Google, Pichai replaced Page to become the head of Alphabet in 2019.
CEO: Andy Jassy
Crowned as the pioneer of eCommerce globally, Amazon is the tech giant with a range of products and services as an online retailer and internet service provider. Originally, it started as an online bookselling company.
With constant innovation, now it has steered into cloud computing, e-commerce, artificial intelligence and digital streaming products and services. Currently, the company holds the fourth largest market cap with a revenue of USD 502 billion.
Andy Jessy is the latest CEO of Amazon, who was the co-creator of Amazon Web Services with Jeff Bezos. He headed the team comprising 57 people for the development of AWS. In addition, he is also renowned within the organization for acing different leadership roles for B2B and B2C products and services.
CEO: Elon Musk
Founded in 2003, Tesla is one of the most valuable companies in terms of sustainable vehicles and renewable energy storage solutions. Despite being a newcomer in the automaker industry, Tesla has created a unique place in the market, and its revenue is a testament to the same. The revenue for the 2022 term is USD 74.9 billion from an amount of USD 53.83 billion.
Elon Musk, widely known, is the CEO and co-investor of Tesla. He has been known to be an unconventional entrepreneur. Before taking his leadership position at Tesla, the South-African entrepreneur founded PayPal, an electronic payment company and SpaceX, a spacecraft venture. He has been ranked as one of the 25 richest individuals worldwide, with a worth of USD 164 billion.
6. Berkshire Hathaway
CEO: Warren Buffett
With a market cap of USD 253.9 billion, Berkshire Hathaway is the brainchild of the fifth-wealthiest person worldwide, Warren Buffett. Berkshire Hathaway owns multiple companies in sectors such as insurance, energy generation, manufacturing, retaining and rail transportation. It is a stakeholder in renowned global companies like Duracell, Dairy Queen, NetJets etc.
The CEO and founder, Warren Buffett, is considered an accomplished investor of all time and a philanthropist. He purchased the company in 1965, which he molded into one of the largest world holdings. He devised a novel investment model for purchasing companies with low chances of success and created dividends through them. The primary mode of earned revenue for Warren Buffett is an investment in major conglomerates and acquiring dividends for reinvestment.
7. Meta Platforms
CEO: Mark Zuckerberg
Source: The Verge
Meta (Previously known as Facebook) is the seventh highest-grossing venture by market cap, approximating USD 295.41 billion. The company majorly operates in the development of social media applications. The current services of the brand involved the flagship launch of Facebook, the Messenger app for messaging, Instagram, a video and photo sharing app, and WhatsApp, a private messaging application.
Launched in 2004 by CEO Mark Zuckerberg and his classmates, it gained global recognition by the end of 2012 with 5.5 million active users. Its latest launch, Meta, generates revenue by offering products based on augmented and virtual reality in software, hardware and content form.
The CEO, Mark Zuckerberg, launched the platform to connect people around his university. He has steered the complete product strategy and innovation for the company. He’s also using technology as a solution to resolve the world’s trickiest challenges involving diseases, education and criminal justice system reformation.
CEO: Jensen Huang
NVIDIA is the progenitor of GPU, which is responsible for making computers more interactive for gaming. The PC gaming sector owes its boom to NVIDIA and its computer graphics. Established in 1993, NVIDIA is known for creating integrated circuits critical for developing game consoles and personal computers equally.
The RIVA series in 1997 brought the company to the front with a graphics processor launch. Right after its success, the company gained popularity with GeForce 256 GPU with three-dimensional graphics. The company superseded Voodoo by 3dfx Interactive. Considering the technological expertise, Microsoft picked NVIDIA for its graphics cards for the Xbox console.
On top of the gaming graphics, the company has launched the Quadro video card series for professional purposes, the Tegra graphics for cellphones, nForce for multimedia and the Tesla for business, scientific and research.
Jensen Huang, CEO and co-founder, has led the company to exceptional success within a short span of time. He founded the company to resolve the issue of 3D graphics for computers.
His consistent work and groundbreaking innovation helped NVIDIA receive the Company of the Year honor by Forbes. In 1999, he also received Entrepreneur of the Year in the domain of High Technology.
9. Johnson & Johnson
CEO: Joaquin Duato
Source: Fierce Pharma
Johnson & Johnson is a widely known healthcare company in the top 10 US companies, with a revenue of USD 96 billion. Launched in 1886, the company manufactures medical devices, consumer goods and pharmaceuticals. It is one of the oldest ventures in the top 10 US companies.
The company employs various new technologies to develop medical products and digital tools. The range of products offered by the company includes Band-aid, Tylenol, Baby care merchandise, Neutrogena skin care supplies, and Clean and Clear face wash.
The company operates 250 subsidiaries in more than 60 counties and has reached global sales worth USD 94 billion. Lately, Johnson & Johnson has been working on innovating new solutions to prove advanced healthcare treatments.
The CEO of the company, Joaquin Duato, has climbed the ladder during his tenure of 33 years within the organization. He has worked in almost all departments in the 136-year-old company, including the supervision of Global Chain Supply. Due to his passion for leveraging technology, J&J is now venturing towards making tech the central part.
10. UnitedHealth Group
CEO: Andrew Witty
UnitedHealth Group is one of the most renowned healthcare companies with the largest insurance share through net premiums. Established in 1974, the company has restructured along the way and absorbed multiple healthcare businesses in its ambit.
It generates revenue through different sources, including premiums of insurance, service fee, healthcare products sales and investment. Currently, it has a market cap share of USD 492 billion.
The company offers health coverage, short-term insurance for health, and medicare plans for families and individuals. For technology-aided care, the company provides mail-order pharmacies, health savings accounts and payment processors for care providers.
The CEO of UnitedHealth Group, Andrew Witty, is also the main executive officer at its subsidiary, i.e., Optum. Previously, he was also named the executive vice president of UHG when he was offered the CEO position at Optum. Additionally, he also served as the company director. He has been popular in formulating long-term strategic plans for expanding healthcare to critical sectors.
In a nutshell
Consistency, empathetic leadership and innovation have been the most noteworthy aspects of the CEOs of the top 10 US companies. These top-grossing companies in the US are also one of the most popular organizations worldwide. That’s to say, for businesses targeting CXOs, these ventures must be a part of their CEO email and mailing lists.
Other than facilitating the revenue growth of businesses, these top-in-line executives are entrusted with creating a sustainable growth structure. The innovation in the leadership of these ventures creates a benchmark for other companies to imbibe or compete with.
In addition, the development of the supervising organization demands an unconventional approach across all departments. It nurtures a culture of improvement by catering to the enterprise and employees’ needs.
The profound experience of these leaders portrays the capacity to scale the performance of a venture in a manner the current world demands.