List of wealthiest religious organizations: Difference between revisions
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There can be some confusion over terminology. When "wealth" is discussed, it is net worth reflecting the total owned net financial worth clear of liabilities. Banks have extensive assets under management, known as loans, which are offset by depositor liabilities (e.g. checking and savings accounts) which enable banks to make such loans. The wealth consisting of stockholder's capital and retained earnings is a tiny fraction of this, typically 3 to 4.5%. While banks handle vast sums, they do not own these sums so have no corresponding wealth any more than a grocery store's wealth consists of every sale it has ever made, or that a buyer of a house under one hundred percent financing has their wealth suddenly increased by the value of the property. Many published lists will show banks with large assets holdings, and this is not to be confused in any manner with wealth or net assets. |
There can be some confusion over terminology. When "wealth" is discussed, it is net worth reflecting the total owned net financial worth clear of liabilities. Banks have extensive assets under management, known as loans, which are offset by depositor liabilities (e.g. checking and savings accounts) which enable banks to make such loans. The wealth consisting of stockholder's capital and retained earnings is a tiny fraction of this, typically 3 to 4.5%. While banks handle vast sums, they do not own these sums so have no corresponding wealth any more than a grocery store's wealth consists of every sale it has ever made, or that a buyer of a house under one hundred percent financing has their wealth suddenly increased by the value of the property. Many published lists will show banks with large assets holdings, and this is not to be confused in any manner with wealth or net assets. |
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On 11 December 2019, [[Saudi Aramco]] became the largest company by shares value after an IPO of $1.8 trillion was raised. <ref name=":0">{{Cite news|url=https://www.theguardian.com/business/2019/dec/11/saudi-aramco-shares-soar-as-it-becomes-world-largest-listed-company|title=Saudi Aramco shares soar as it becomes world's largest listed company|last=Jolly|first=Jasper|date=2019-12-11|work=The Guardian|access-date=2019-12-11|language=en-GB|issn=0261-3077}}</ref> |
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Revision as of 13:32, 11 December 2019
The following is a list of the world's wealthiest organizations.
Charitable foundations
| Organization | Worth [billion USD] | Country |
|---|---|---|
| Bill & Melinda Gates Foundation | 51.6 | United States |
| Novo Nordisk Foundation | 49.1 | Denmark |
| Stichting INGKA Foundation | 36.0 | Netherlands |
| Wellcome Trust | 27.1 | United Kingdom |
| Howard Hughes Medical Institute | 23.8 | United States |
| Azim Premji Foundation | 21.0 | India |
| Garfield Weston Foundation | 15.7 | United Kingdom |
| Ford Foundation | 13.7 | United States |
| Silicon Valley Community Foundation | 13.6 | United States |
Religious organizations
| Organization | Worth [billion USD] | Country | Notes |
|---|---|---|---|
| The Church of Jesus Christ of Latter-Day Saints | 67.0 | United States | [1][2] |
| Catholic Church Germany | 25.0 | Germany | [3] |
| Catholic Church Australia | 20.9 | Australia | [4] |
| Church of England | 7.8 | United Kingdom | [5] |
| Opus Dei (part of the Catholic Church) | 2.8 | Italy | [6] |
| Church of Scientology | 2.0 | United States | [7][8] |
| Catholic Church Vatican | Unknown | Vatican City | [citation needed] |
Educational institutions
| Organization | Worth [billion USD] | Country | Notes |
|---|---|---|---|
| Harvard University | 37.6 | United States | See Harvard University endowment |
| Yale University | 25.6 | United States | — |
| University of Texas System | 24.1 | United States | [9] |
| Princeton University | 22.7 | United States | [9] |
| Stanford University | 22.2 | United States | [9] |
Companies
 |
 |
There can be some confusion over terminology. When "wealth" is discussed, it is net worth reflecting the total owned net financial worth clear of liabilities. Banks have extensive assets under management, known as loans, which are offset by depositor liabilities (e.g. checking and savings accounts) which enable banks to make such loans. The wealth consisting of stockholder's capital and retained earnings is a tiny fraction of this, typically 3 to 4.5%. While banks handle vast sums, they do not own these sums so have no corresponding wealth any more than a grocery store's wealth consists of every sale it has ever made, or that a buyer of a house under one hundred percent financing has their wealth suddenly increased by the value of the property. Many published lists will show banks with large assets holdings, and this is not to be confused in any manner with wealth or net assets.
On 11 December 2019, Saudi Aramco became the largest company by shares value after an IPO of $1.8 trillion was raised. [10]
| Organization | Market Capitalization [billion USD] | Country | Notes |
|---|---|---|---|
| Saudi Aramco | 1,880 | Saudi Arabia | [10] |
| Apple Inc. | 1,120 | United States | |
| Microsoft | 1,100 | United States | [11] |
| Amazon | 858 | United States | |
| Alphabet Inc. | 838 | United States | |
| China National Petroleum Corporation | 634 | China | |
| Samsung | 529 | South Korea | |
| Volkswagen Group | 510 | Germany | |
| Berkshire Hathaway | 508 | United States | |
| Toyota | 478 | Japan | |
| LIC | 450 | India | |
| Alibaba Group | 435 | China | |
| Tencent | 398 | China | |
| Visa | 385 | United States | |
| JPMorgan Chase | 376 | United States | |
| State Grid Corporation of China | 351 | China | |
| ExxonMobil | 349 | United States | |
| Daimler AG | 313 | Germany | |
| Hyundai Motor Group | 313 | South Korea | |
| Chevron Corporation | 266 | United States | |
| SoftBank | 285 | Japan | |
| BP | 261 | United Kingdom | |
| ONGC | 240 | India | |
| Royal Dutch Shell | 236 | United Kingdom/Netherlands | |
| Total S.A. | 224 | France |
Largest asset management firms
The following is a list of the top 10 AMCs in the world (as of 2017), ranked by total assets under management (AUM):[12]
| Rank | Firm/company | Country | AUM (US$bn) |
|---|---|---|---|
| 1 | BlackRock | United States | 6,288 |
| 2 | The Vanguard Group | United States | 5,100 |
| 3 | UBS | Switzerland | 3,101 |
| 4 | State Street Global Advisors | United States | 2,800 |
| 5 | Fidelity Investments | United States | 2,488 |
| 6 | Allianz | Germany | 2,268 |
| 7 | J.P. Morgan Asset Management | United States | 1,900 |
| 8 | BNY Mellon Investment Management | United States | 1,800 |
| 9 | PIMCO | United States | 1,690 |
| 10 | Amundi | France | 1,652 |
Note: PIMCO is a fully owned subsidiary of Allianz. Allianz's figure comprises the assets under management of PIMCO and Allianz Global Investors.[13]
See also
Individuals
- List of wealthiest historical figures
- Forbes list of billionaires
- List of wealthiest families
- List of wealthiest animals
Businesses
- List of largest companies by revenue
- List of largest employers
- List of companies by profit and loss
- List of public corporations by market capitalization
- List of largest manufacturing companies by revenue
- List of largest financial services companies by revenue
- List of largest European companies by revenue
- List of top earning travel companies
References
- ^ Henderson, Peter. "Insight: Mormon church made wealthy by donations". U.S. Retrieved 2018-10-18.
- ^ "MormonLeaks™ Compiles Information Connecting Mormon Church to $32 Billion of Investments | MormonLeaks". mormonleaks.io. Retrieved July 20, 2019.
- ^ "Reicher als fast alle Deutschen: Dieses Vermögen horten die katholischen Bistümer" (in German).
- ^ Millar, Royce; Schneiders, Ben; Vedelago, Chris (2018-02-12). "Catholic Church's massive wealth revealed". The Sydney Morning Herald. Retrieved 2018-02-12.
- ^
"Church of England doubles hedge fund investments". Financial Times. (subscription required)
- ^ "Opus Dei sitting on fortune - Independent.ie". Independent.ie. Retrieved 2018-03-31.
- ^ Tom Gjelten (26 March 2015). "Church Of Scientology Calls New HBO Documentary 'Bigoted'". NPR.org.
- ^ Eric Thurm (30 March 2015). "10 Things We Learned From Scientology Doc 'Going Clear'". Rolling Stone.
- ^ a b c "U.S. and Canadian Institutions Listed by Fiscal Year (FY) 2015 Endowment Market Value and Change* in Endowment Market Value from FY2014 to FY2015" (PDF). nacubo.org. National Association of College and University Business Officers and Commonfund Institute. p. 2. Archived from the original (PDF) on 31 January 2016. Retrieved 28 August 2016.
- ^ a b Jolly, Jasper (2019-12-11). "Saudi Aramco shares soar as it becomes world's largest listed company". The Guardian. ISSN 0261-3077. Retrieved 2019-12-11.
- ^ "Microsoft Surpasses Exxon as 2nd Most Valuable Co". nytimes.com.
- ^ "Top Asset Management Firms". www.relbanks.com. Retrieved July 20, 2019.
- ^ "At a glance". Allianz.com. Retrieved July 20, 2019.
