In this nine-piece report, Huntedhead will look at global corporations throughout history. The ranking is based on total worth, adjusted for inflation.
The Mississippi Company in 1720 – $6,000,000,000,000
The Mississippi Company was established in 1684, to facilitate trade with the ‘New World’. In 1717, it became the ‘Company of the West’ and expanded into the ‘Company of the Indies’ in 1719. As with the #3, the Mississippi Company fell victim to self-inflicted share speculation in 1719. The owner of the company, John Law, exaggerated the wealth of Louisiana through a marketing scheme, leading to a run on company stock. After a year-long increase of wealth, the bubble burst in late 1720, when shareholders tried to convert their shares into hard coins.
The World’s Most Valuable Companies throughout History #3 – The South Sea Company
The World’s Most Valuable Companies throughout History #4 – Saudi Aramco
The World’s Most Valuable Companies throughout History #5 – IBM
The World’s Most Valuable Companies throughout History #6 – PetroChina
The World’s Most Valuable Companies throughout History #7 – Microsoft
The World’s Most Valuable Companies throughout History #8 – Apple
The World’s Most Valuable Companies throughout History #9 – ExxonMobil