Apple is not the worlds most valuable company. Saudi Aramco, a private company is worth at least double Apple’s amount, at least $1.2 Trillion
The logic: “Shares in the tech giant hit a high of $664.75 (£422.50) in Monday morning trading, valuing the company at more than $619bn. The price topped the $618.9bn Microsoft achieved in December 1999.
Saudi Aramco has proven reserves of 260 billion barrels of oil. That is a fifth of all the oil in the world. And let’s not forget the 283 trillion cubic feet of natural gas reserves (the fourth largest in the world).”