The Flipside \u2013 Value Lost by Global 500 Companies<\/strong><\/h2>\n\n\n\nHoogewerf added that this year, the Hurun Global 500 lost $11 trillion of value, losing all the value created last year but still $7 billion ahead of where the Hurun Global 500 were two years ago. The only sector that enjoyed strong growth was energy, especially the oil & gas companies. Other sectors that managed to grow a little or stay flat included confectionary, drinks and fast-food restaurants.<\/p>\n\n\n\n
\u201cThe hardest hit sector was retail, especially e-commerce, on the back of soaring inflation, which in turn dragged down payments and delivery companies,” Hoogewerf said.<\/p>\n\n\n\n
Speaking about the lost money, the report said that 80 per cent of the losses in value came from four countries: the US lost $5 trillion, China $2.9 trillion and Germany and Japan $600 billion each.<\/p>\n\n\n\n
Speaking of the sectors, $8 trillion of losses came from media & entertainment, retail, financial services, software & services, and consumer goods.<\/p>\n\n\n\n
Major organizations that were dropped out of top 500 list this year include Zoom, Snap, and Adidas.<\/p>\n\n\n\n
Anas Rahman Junaid, MD and chief researcher at Hurun India said, \u201cGlobal markets have had a bad year, with the exception of India, where the benchmark Sensex was up 12per cent. Hong Kong\u2019s Hang Seng and Russia\u2019s MOEX were both down by half, Korea\u2019s KOSPI was down 31 per cent, Shenzhen Component Index was down 29 per cent, Nasdaq was down 21 per cent, Shanghai Composite Index was down 16 per cent, South Germany\u2019s DAX down 15 per cent and the UK\u2019s FTSE was flat.”<\/p>\n\n\n\n
The world\u2019s most valuable listed state-controlled company, Saudi Aramco has a value of $2.03 trillion.<\/p>\n\n\n\n
The two biggest state-owned Indian companies were State Bank of India (SBI), at $62 billion, and the Life Insurance Corporation of India (LIC), at $45 billion.<\/p>\n\n\n\n
The Hurun Research Institute said on Friday said \u201c2022 Hurun Global 500, a list of the 500 most valuable non-state-controlled companies in the world. Companies were ranked according to their value, defined as market capitalisation for listed companies and valuations for non-listed companies. The cut-off date used was October 26, 2022″.<\/p>\n","protected":false},"excerpt":{"rendered":"
As per the 2022 Hurun Global 500 released on Friday, 21 Indian companies are there in the 500 most-valued firms in the world. As compared to the last year 3 companies, this is an addition of 8 new companies in the list. With a valuation of $202 billion, Reliance Industries was the most valuable Indian […]<\/p>\n","protected":false},"author":26,"featured_media":1240863,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[242,243],"class_list":["post-1240827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-hurun-global-500","tag-mukesh-ambani"],"acf":[],"yoast_head":"\n
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