The world’s biggest businesses were doing fine until Covid-19 arrived. Now they’re doing even better.
The top 50 companies by value added $4.5 trillion of stock market capitalization in 2020, taking their combined worth to about 28% of global gross domestic product. Three decades ago the equivalent figure was less than 5%.
Big Get Bigger
Market cap for top 50 firms equals 28% of global GDP
That’s just one measure of how superstar firms have come to dominate the world economy, according to a new study by Bloomberg Economics that…
