Top 10 countries with the most billion-dollar companies in 2025: India makes the list
Countries with the most billion-dollar companies in 2025: The global financial markets are increasingly dominated by a select few countries that host a larger number of billion-dollar companies—publicly listed firms with a market capitalisation of at least $1 billion.
The United States is home to some of the largest organisations in terms of both revenue and market capitalisation, with it alone having 1,873 billion-dollar firms worth $1 billion, and a combined market cap of $57.115 trillion, according to Best Brokers' recent research. It is greater than the expected size of the United States' economy in 2025, which is the world's largest, with a nominal GDP of $30.3 trillion.
The remaining 1,400 billion-dollar companies, out of 5,522 public companies in total, are concentrated within Japan, India, and China, reflecting the growing share of Asian economies, as they witness strong economic growth, rising incomes, and greater investment.
Meanwhile, the Middle East accounts for 5.6% of the world's large firms, with Saudi Arabia having the most billion-dollar firms in the region, with 98, followed by Israel and the UAE, which have 70 and 62, respectively.
On a side note, countries like Monaco, Singapore, Bahrain, Luxembourg, and more, despite being relatively smaller in size, have a high concentration of large-cap companies, which makes them attractive investment hubs with competitive economies.
Source: BestBrokers and CompaniesMarketCap
Trailing behind only the United States and Japan in terms of the total number of billion-dollar companies, India ranks third globally in 2025, with 348 companies crossing the billion-dollar valuation market, collectively holding a market capitalisation of $3.75 trillion.
India's stock market has risen to prominence within the global financial landscape, with the National Stock Exchange (NSE), ranking as the fifth-largest exchange worldwide by market cap.
Meanwhile, the Bombay Stock Exchange (BSE), one of the oldest stock exchanges in Asia, achieved a significant milestone by reaching a market capitalisation of $5 trillion for all its listed companies last year.
To determine which countries have the most billion-dollar companies per capita, the report first examined publicly traded companies on the company and stock tracking website CompaniesMarketCap. It further chose those with a market value, often known as market capitalisation (or market cap), of at least one billion US dollars, yielding a total of 5,522 companies from 74 nations and territories.
Cherry Gupta is an Assistant Manager - Content at The Indian Express. She is responsible for crafting compelling narratives, uncovering the latest news and developments, and driving engaging content based on data and trends to boost website traffic and audience engagement. One can connect with her on LinkedIn or by mail at cherry.gupta@indianexpress.com. ... Read More
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