Special Report

50 Most Valuable Brands in the World

Photo by Peter Macdiarmid / Getty Images

“What’s in a name?” Juliet asks in Shakespeare’s “Romeo and Juliet,” implying a name means nothing. But marketing professionals and companies would strongly disagree with Juliet’s premise, asserting that brand names and brands certainly have value.

Companies spend a great deal of time, effort and money to create, curate, and protect their brand identities, especially global multinationals with consumer-facing or commercial products and services.

To identify the top 50 most valuable global brands, 24/7 Wall St. reviewed Global 500 2019, the annual report on the world’s most valuable and strongest brands, published by British business strategy consultant Brand Finance. Brand value is determined by reviewing a range of factors, including how much it would cost to license a particular brand in a given industry and calculating how much of a parent company’s revenue comes from a particular brand. Past financial performance and future forecasts are also considered.

The top 50 include 13 tech company brands, five car brands, and five telecommunications brands. Several of these companies have built their brands’ values through groundbreaking product development. In fact, many companies on this list rank among the world’s 50 most innovative companies.

Brand recognition and value can also grow over time, and a brand on this list has one of the oldest corporate logos in the world.

Because this is a list of global brands, not all of them will be familiar to the typical Western consumer. Just over half of these brands (26) are owned by U.S. companies, while 15 are Chinese enterprises.

Click here to see the 50 most valuable brands in the world
Click here to read our methodology

Source: Justin Sullivan / Getty Images

50. Intel
> 2019 brand value: $29 billion
> 2018-2019 brand value change: +32.0%
> Sector: Tech
> Country: United States

The Santa Clara, California-based chipmaker is a global leader in semiconductor design and manufacturing. Recently, however, Intel’s stock slumped on revelations of slower than expected sales growth in the coming years, due in part to competition from chipmaker AMD.

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Source: Daniel Case / Wikimedia Commons

49. Sinopec
> 2019 brand value: $29 billion
> 2018-2019 brand value change: +23.3%
> Sector: Oil & gas
> Country: China

Also known as China Petroleum & Chemical Corporation, Sinopec is the world’s third most valuable energy company brand. Last year, it was the biggest oil and gas company in the world based on revenue, ahead of Royal Dutch Shell and Saudi Aramco.

Source: RiverNorthPhotography / Getty Images

48. UPS
> 2019 brand value: $29 billion
> 2018-2019 brand value change: +33.2%
> Sector: Logistics
> Country: United States

Despite a dip in profitability last year, Atlanta-based United Parcel Service remains the world’s most valuable logistics brand, comfortably ahead of other top-rankers FedEx and DHL.

Source: andreafidone / Getty Images

47. Porsche
> 2019 brand value: $29 billion
> 2018-2019 brand value change: +54.0%
> Sector: Auto
> Country: Germany

The German luxury carmaker has been wholly owned by Volkswagen Group since 2012. Porsche was recently fined nearly $600 million by German regulators for selling cars with engines that do not comply with European emissions requirements.

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Source: tzahiV / Getty Images

46. Deloitte
> 2019 brand value: $30 billion
> 2018-2019 brand value change: +42.2%
> Sector: Commercial services
> Country: United States

The U.K.-based company is a global leader in commercial auditing and consulting and one of the Big Four consulting firms, along with PwC, EY, and KPMG. Deloitte recently expanded its services, advising international clients on U.S. workplace management.

Source: Photo by Kevin Frayer / Getty Images

45. Moutai
> 2019 brand value: $30 billion
> 2018-2019 brand value change: +43.4%
> Sector: Spirits
> Country: China

Moutai is a brand of Chinese liquor known as baijiu, manufactured by the world’s most valuable distiller by market capitalization, Kweichow Moutai Company. This sorghum-based 106-proof liquor is closely tied to China’s history and has long been ubiquitous at Chinese political, social, and business get-togethers.

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Source: Doug Pensinger / Getty Images

44. UnitedHealthcare
> 2019 brand value: $31 billion
> 2018-2019 brand value change: +64.3%
> Sector: Healthcare
> Country: United States

The Minnetonka, Minnesota-based company is the largest health insurance provider in the United States based on revenue and membership. UnitedHealthcare is one of the companies at the center of an ongoing national debate about how to reel in crippling U.S. health care costs.

Source: RiverNorthPhotography / Getty Images

43. McDonald’s
> 2019 brand value: $31 billion
> 2018-2019 brand value change: +26.6%
> Sector: Restaurants
> Country: United States

The Golden Arches is the less valuable of two restaurant brands on this list. McDonald’s reported stronger than expected growth in same-store U.S. sales in the first three months of the year and is in the process of joining the meatless-burger trend.

Source: Stephen Brashear / Getty Images

42. Boeing
> 2019 brand value: $32 billion
> 2018-2019 brand value change: +60.6%
> Sector: Aerospace & defense
> Country: United States

The only aerospace company on this list, Boeing has had a bad year so far after two variants of its popular 737 Max jets crashed. The result was a global grounding of the jets and allegations of shoddy production and inadequate pilot training. The brand’s 60.6% jump in value occurred before the company’s recent troubles.

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Source: shank_ali / Getty Images

41. Nike
> 2019 brand value: $32 billion
> 2018-2019 brand value change: +15.7%
> Sector: Apparel
> Country: United States

The world’s most valuable apparel brand, Nike, continues to outperform its competitors like Adidas and Under Armour. The ongoing trade dispute between the United States and China could pose a significant hurdle for the sneaker and athletic apparel maker is the near future.

Source: DKart / Getty Images

40. IBM
> 2019 brand value: $33 billion
> 2018-2019 brand value change: +1.2%
> Sector: Commercial services
> Country: United States

The information technology company recently received approval from American regulators to acquire software company Red Hat in an effort to expand its cloud computing business. IBM is in the process of a pivot to the cloud and artificial intelligence and away from equipment sales and services.

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Source: asimzb / Flickr

39. Marlboro
> 2019 brand value: $34 billion
> 2018-2019 brand value change: +10.0%
> Sector: Tobacco
> Country: United States

Philip Morris International sells Marlboros globally, and Altria Group markets the brand in the United States; both cite declining demand and increased taxation as risks to their future cigarette businesses. Last year, Altria bought a stake in e-cigarette-maker Juul as Americans embrace vaping. The value of Juul has yet to crack the top 500 brands, however.

Source: Justin Sullivan / Getty Images

38. Coca-Cola
> 2019 brand value: $36 billion
> 2018-2019 brand value change: +19.1%
> Sector: Soft drinks
> Country: United States

The flagship brand of The Coca-Cola Company is also the most recognized beverage brand globally. Consumers are steering away from sugary drinks, which explains why the Atlanta-based maker of beverages, concentrates, and syrups has been experimenting lately with new diet Coke products.

Source: Chris Flook / Wikimedia Commons

37. Chase
> 2019 brand value: $36 billion
> 2018-2019 brand value change: -6.6%
> Sector: Banking
> Country: United States

Despite being owned by America’s largest bank by total assets, JPMorgan Chase & Co., Chase is the least valuable banking brand among the eight financial institutions on this list. Chase recently moved into the largely untested waters of crypto currency as a commercial banking service.

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Source: carterdayne / Getty Images

36. Citi
> 2019 brand value: $36 billion
> 2018-2019 brand value change: +18.3%
> Sector: Banking
> Country: United States

The consumer banking brand of America’s third largest bank by total assets, Citigroup, is also the country’s third most valuable banking brand. Also the world’s largest credit card issuer, Citigroup is experimenting with linking card rewards to Citi checking accounts as a way to attract new customers.

Source: Alibaba Group / Wikimedia Commons

35. Tmall
> 2019 brand value: $36 billion
> 2018-2019 brand value change: +0.0%
> Sector: Tech
> Country: China

This massive business-to-consumer e-commerce platform serves more than 600 million buyers in China’s $1 trillion online commerce market. Parent company Alibaba Group is currently on a three-year push to double Tmall’s transaction volume.

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Source: ProArtWork / Getty Images

34. Bank of America
> 2019 brand value: $37 billion
> 2018-2019 brand value change: +10.2%
> Sector: Banking
> Country: United States

America’s second largest bank by total assets is also the country’s second most valuable banking brand after Wells Fargo. The bank recently warned that interest income growth will continue to slow, crimping bank profits, as the Federal Reserve will not likely raise interest rates for the year and the global economy cools.

Source: Public Domain / Wikimedia Commons

33. PetroChina
> 2019 brand value: $37 billion
> 2018-2019 brand value change: +18.0%
> Sector: Oil & gas
> Country: China

The publicly listed arm of state-owned China National Petroleum Corp (CNPC), PetroChina is China’s second largest and the world’s third largest oil producer by revenue, excluding wholly state-owned Saudi Aramco. PetroChina and ExxonMobil are currently planning a $53 billion oil megaproject in Iraq.

Source: TARIK KIZILKAYA / Getty Images

32. YouTube
> 2019 brand value: $38 billion
> 2018-2019 brand value change: +46.2%
> Sector: Tech
> Country: United States

The massive video streaming platform of Google parent Alphabet has emerged as a goliath in the user-generated video content space. The company and its so-called “YouTube creators” may soon have to grapple with EU rules that would hold tech platforms liable for hosting copyright violations.

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Source: kickers / Getty Images

31. Starbucks
> 2019 brand value: $39 billion
> 2018-2019 brand value change: +21.1%
> Sector: Restaurants
> Country: United States

The world’s largest coffeehouse chain by revenue continues its global dominance with a recently reorganized loyalty program that has been embraced by its regular customers. The company also recently teamed up with Microsoft to deploy blockchain in its global coffee supply network.

Source: RiverNorthPhotography / Getty Images

30. Wells Fargo
> 2019 brand value: $40 billion
> 2018-2019 brand value change: -9.4%
> Sector: Banking
> Country: United States

America’s fourth largest bank by assets owns the most valuable U.S. banking brand. Wells Fargo recently beefed up efforts to comply with federal regulators after a whirlwind of scandals in recent years, including egregious behavior in mortgage originations and force-placed car insurance. Wells Fargo remains the top ranking American bank on this list despite a 9.4% dip in brand value in the last year.

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Source: Tramino / Getty Images

29. BMW
> 2019 brand value: $41 billion
> 2018-2019 brand value change: -3.1%
> Sector: Auto
> Country: Germany

In 2016, BMW lost its position as the world’s largest luxury car maker by sales volume to its German competitor Mercedes-Benz, but it remains one of the most valuable and recognized of all automotive brands, behind Mercedes-Benz, Toyota, and Volkswagen.

Source: winhorse / Getty Images

28. NTT Group
> 2019 brand value: $42 billion
> 2018-2019 brand value change: +2.0%
> Sector: Telecoms
> Country: Japan

Nippon Telegraph and Telephone Corporation (NTT) is formulating a broad restructuring program after the company fell last year from fourth to fifth place among the world’s largest publicly traded telecommunications companies by profit.

Source: garett_mosher / Getty Images

27. Volkswagen
> 2019 brand value: $42 billion
> 2018-2019 brand value change: +4.5%
> Sector: Auto
> Country: Germany

The marquee brand of German auto giant Volkswagen Group, the world’s second largest automotive company by revenue, is part of the VW’s ambitious Vision 2030 plan to release a raft of new electric vehicles, revamped Volkswagen brand models, and several all-new products

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Source: Scott Barbour / Getty Images

26. Shell
> 2019 brand value: $42 billion
> 2018-2019 brand value change: +7.3%
> Sector: Oil & gas
> Country: Netherlands

Royal Dutch Shell is the world’s largest publicly traded oil and gas company by revenue that is not Chinese. Shell recently announced several strategic divestments and renewable energy acquisitions and announced significant investment in Brazil to access the country’s oil and gas auctions.

Source: FrozenShutter / Getty Images

25. Disney
> 2019 brand value: $46 billion
> 2018-2019 brand value change: +40.4%
> Sector: Media
> Country: United States

Disney has been on a streak following the company’s acquisitions of Marvel Entertainment (2009) and Lucasfilm (2012). This year, Disney snatched up Twenty-First Century Fox assets, is expanding into streaming video, and has a slew of Star Wars and Avatar films in the works.

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Source: ZU_09 / Getty Images

24. T (Deutsche Telekom)
> 2019 brand value: $46 billion
> 2018-2019 brand value change: +15.2%
> Sector: Telecoms
> Country: Germany

One of the world’s largest telecommunications companies is on a campaign to gain adequate access to 5G high-speed Wi-Fi spectrum currently being auctioned in Germany. In the United States, Deutsche Telekom’s T-Mobile unit is wrangling with U.S. regulators over its bid to acquire rival Sprint.

Source: GM Stock Films / Getty Images

23. Taobao
> 2019 brand value: $47 billion
> 2018-2019 brand value change: +0.0%
> Sector: Tech
> Country: China

Alibaba Group’s consumer-to-consumer online marketplace is the world’s largest by gross merchandise value (yes, it is bigger than Amazon.com’s online marketplace). But it has drawn ire from the U.S. Trade Representative in recent years for facilitating the sale of counterfeit goods.

Source: Lokibaho / Getty Images

22. Home Depot
> 2019 brand value: $47 billion
> 2018-2019 brand value change: +39.4%
> Sector: Retail
> Country: United States

The world’s largest home-improvement retailer by market capitalization has been on a winning streak in recent years, riding the post-Great Recession recovery of the U.S. housing market. The Atlanta-based company is currently aggressively working to unify its online and brick-and-mortar operations.

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Source: GM Stock Films / Getty Images

21. Tencent (QQ)
> 2019 brand value: $50 billion
> 2018-2019 brand value change: +21.9%
> Sector: Tech
> Country: China

Chinese internet behemoth Tencent Holdings has been forming ties with traditional industries to diversify away from its main business in computer gaming. The company recently announced it would build industrial internet infrastructure for State Grid of China electric utility.

Source: linsinchen / Flickr

20. WeChat
> 2019 brand value: $51 billion
> 2018-2019 brand value change: +126.2%
> Sector: Tech
> Country: China

The messaging, social media, and mobile payment app developed by Tencent Holdings is so popular that Facebook founder Mark Zuckerberg recently announced efforts to bring together Facebook’s services in a similar fashion.

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Source: tobiasjo / Getty Images

19. Bank of China
> 2019 brand value: $51 billion
> 2018-2019 brand value change: +22.1%
> Sector: Banking
> Country: China

Beijing-based Bank of China is one of the four huge Chinese banks on this list, all of which are also the world’s biggest banks by assets. Bank of China, a state-owned enterprise, is closely aligned to the Chinese government and economy, and it is at the forefront of the country’s expansive Belt and Road Initiative, an international infrastructure development project.

Source: Photo by China Photos / Getty Images

18. State Grid
> 2019 brand value: $51 billion
> 2018-2019 brand value change: +25.3%
> Sector: Utilities
> Country: China

Beijing-based State Grid Corporation of China is a wholly state-owned enterprise and the world’s largest power utility by revenue. It has a strong presence in markets outside of China, including Brazil, Italy, and Australia. It recently announced a major investment in Ethiopia’s power grid.

Source: dogayusufdokdok / Getty Images

17. Toyota
> 2019 brand value: $52 billion
> 2018-2019 brand value change: +19.7%
> Sector: Auto
> Country: Japan

Toyota maintained its top position among passenger car manufacturers by revenue last year. The Japanese auto giant is moving aggressively into alternative fuel vehicles and recently announced plans with Panasonic to develop smart home technologies to find other sources of revenue.

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Source: Pavliha / Getty Images

16. Agriculture Bank of China
> 2019 brand value: $55 billion
> 2018-2019 brand value change: +47.5%
> Sector: Banking
> Country: China

The state-owned Agricultural Bank of China is the world’s third largest bank by assets. ABC’s non-performing loan ratio has decreased more than the other top Chinese banks, even as the government pressures banks to extend more credit to entrepreneurs to drive economic growth.

Source: User:Vmenkov / Wikimedia Commons

15. China Mobile
> 2019 brand value: $56 billion
> 2018-2019 brand value change: +4.6%
> Sector: Telecoms
> Country: China

The world’s largest telecommunications company by market capitalization recently started to build its high-speed 5G network in China. The company’s efforts to expand into the U.S. market have been stymied by the Federal Communications Commission on security concerns.

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Source: Photo by China Photos / Getty Images

14. Ping An
> 2019 brand value: $58 billion
> 2018-2019 brand value change: +76.7%
> Sector: Insurance
> Country: China

The world’s fourth largest insurer based on written premiums has reported rising profits, helped by its asset-management division and growth in life and health insurance. Ping An’s real estate investment unit is ramping up activity in China’s rental home market.

Source: THEPALMER / Getty Images

13. Mercedes-Benz
> 2019 brand value: $60 billion
> 2018-2019 brand value change: +25.9%
> Sector: Auto
> Country: Germany

The luxury car brand owned by German auto giant Daimler maintains its leading position in premium cars despite the brand’s slowdown in U.S. and Europe new car sales. Under new leadership, Mercedes-Benz will announce a new strategic plan this summer.

Source: Yongyuan Dai / Getty Images

12. Huawei
> 2019 brand value: $62 billion
> 2018-2019 brand value change: +63.7%
> Sector: Tech
> Country: China

Huawei Technologies, the Chinese maker of smartphones and other telecom equipment is in the crosshairs of the United States, which is attempting (and failing) to convince allies to exclude Huawei hardware from merging with super-fast mobile networks. Meanwhile, Huawei surpassed Apple in smartphone sales last year.

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Source: slobo / Getty Images

11. Walmart
> 2019 brand value: $68 billion
> 2018-2019 brand value change: +10.4%
> Sector: Retail
> Country: United States

The world’s top retailer by several measures has been aggressively expanding its online sales services to push back against Amazon.com and Alibaba’s e-commerce dominance. The Arkansas-based company recently launched an online pet pharmacy and plans for in-store veterinary clinics in the U.S. market.

Source: Raysonho @ Open Grid Scheduler / Grid Engine / Wikimedia Commons

10. China Construction Bank
> 2019 brand value: $70 billion
> 2018-2019 brand value change: +22.8%
> Sector: Banking
> Country: China

The world’s second largest bank by assets also has the second most valuable banking brand. Like other big Chinese banks, state-owned CCB has faced profitability headwinds as China’s economic growth slows and the government’s push for its banks to extend more small-business loans.

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Source: RiverNorthPhotography / Getty Images

9. Verizon
> 2019 brand value: $71 billion
> 2018-2019 brand value change: +13.3%
> Sector: Telecoms
> Country: United States

Verizon Communications, the world’s second largest telecommunications company after China Mobile by market capitalization, recently reported a decline in wireless customers. But the New York City-based company is rapidly deploying its high-speed 5G wireless networks in the U.S. market.

Source: Public Domain / Wikimedia Commons

8. Industrial & Commercial Bank of China
> 2019 brand value: $80 billion
> 2018-2019 brand value change: +34.9%
> Sector: Banking
> Country: China

State-owned ICBC is the world’s largest bank by assets and owner of the most valuable banking brand. Like China’s other top lenders, ICBC is under pressure both to extend loans to smaller businesses and to speed up the process of recognizing and disclosing non-performing loans.

Source: bombuscreative / Getty Images

7. Facebook
> 2019 brand value: $83 billion
> 2018-2019 brand value change: +8.7%
> Sector: Tech
> Country: United States

Facing a global backlash for how the platform helps spread fake news and collects data on its users, Facebook is working to reinvent itself as a more privacy-oriented service. But the company’s efforts to consolidate its services are raising antitrust concerns.

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Source: RiverNorthPhotography / Getty Images

6. AT&T
> 2019 brand value: $87 billion
> 2018-2019 brand value change: +5.6%
> Sector: Telecoms
> Country: United States

The world’s third largest telecom company by market capitalization recently reported losing TV customers and subscribers to its DirectTV Now streaming service. The company, which acquired Time Warner (Warner Bros., HBO) last year, says it is focusing on building its high-bandwidth 5G networks and paying down debt.

Source: Ethan Miller / Getty Images

5. Samsung
> 2019 brand value: $91 billion
> 2018-2019 brand value change: -1.1%
> Sector: Tech
> Country: South Korea

The consumer technology giant and world’s top selling smartphone maker has been moving in recent years into automotive semiconductors and sensors. In April, Samsung announced it would indefinitely delay the release of a foldable-screen smartphone due to quality deficiencies.

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Source: Raimond Spekking / Wikimedia Commons

4. Microsoft
> 2019 brand value: $120 billion
> 2018-2019 brand value change: +47.4%
> Sector: Tech
> Country: United States

Last year, Microsoft regained its place as the world’s most valuable publicly traded company by market capitalization, shooting past Amazon, Apple, and Alphabet (Google). The Seattle-based software giant has been expanding aggressively into cloud services, artificial intelligence, and the internet of Things.

Source: _ultraforma_ / Getty Images

3. Google
> 2019 brand value: $143 billion
> 2018-2019 brand value change: +18.1%
> Sector: Tech
> Country: United States

The flagship brand of Alphabet Inc. maintains its leading position in internet search as well as strong positions in apps, laptops, and mobile phones. Google released a lower-priced smartphone (the Pixel 3a) this year and overhauled its voice assistant platform.

Source: Photo by Eric Thayer / Getty Images

2. Apple
> 2019 brand value: $154 billion
> 2018-2019 brand value change: +5.0%
> Sector: Tech
> Country: United States

The world’s third largest smartphone seller is facing headwinds from the increasingly heated U.S.-China trade dispute that threatens to raise costs and lower revenue. The U.S. Supreme Court ruled this month customers could sue Apple over its App Store monopoly.

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Source: leminuit / Getty Images

1. Amazon
> 2019 brand value: $188 billion
> 2018-2019 brand value change: +24.6%
> Sector: Tech
> Country: United States

The online retail and cloud-computing giant is pumping $800 million into making next-day delivery a standard in another blow to brick-and-mortar retailers seeking to expand their e-commerce services. It is also mulling robots to box orders to replace employees at its warehouses.

Methodology

Brand Finance methodology uses the so-called Royalty Relief approach, a brand-valuation method that conforms to the International Organization for Standardization, or ISO. The seven-step process first calculates brand strength using marketing budgets, stakeholder equity, and business performance, and rates them on a Brand Strength Index (BSI) scale of 0 to 100. This is followed by determining a royalty range for each industry based on examining comparable brand licensing agreements. The royalty rate is then calculated by applying the BSI score to the royalty range. The share of the company’s revenue coming from the specific brand is also calculated. (For example, how much of Alphabet’s revenue comes from each of its two major brands, Google and YouTube.) The projected revenue growth for the parent company is applied to the royalty rate of the company’s brand or brands. The last calculation discounts the brand revenue (post-tax) to generate a brand’s value.

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