Tuesday, July 11, 2017

Top Tech Companies and Their Net Worth

There’s no doubt that tech companies are on the top of their business game, especially with everyone’s dependence on gadgets and social media accounts for their day to day activities. In the Fortune 500 list, it’s no longer a surprise for Apple to emerge as no. 1. Social media giant, Facebook, is rising to the top, too, as Samsung follows Apple from a considerable distance.


Apple took the top spot with a net worth of $752 billion. The iPhone sales weren’t as impressive as the previous ones. Regardless of the weak sales in iPhone, Apple had $45 billion in profit, $217 billion in sales, and $331 billion in assets, for a total of $752 billion in net worth. The tech giant isn’t showing signs of slowing down, as it may reach a trillion-dollar net worth with their future iPhone and other releases.

Image source: forbes.com


Samsung is the main competition of Apple. It follows Apple from a safe distance with a net worth of $254 billion. The South Korea-based tech company saw $174 billion in sales, $19 billion in profit, with $217 billion in assets, making the $254 billion net worth possible. Samsung did make Asia proud, being the only Asia-Pacific company to have broken into the top 10.

Along with the two tech giants is Facebook. The social media star soared 69 spots on the Global 2000 list. These companies have made their way to the top with their innovations and expertise. I’m looking forward to their net worth growth. These companies just keep getting heavier and heavier in the market.

Image source: info7.mx

Steve Sorensen here. A graduate of the Iowa State University with a business degree on business, I’ve become a business blogger and an investment strategist. The growth in net worth of successful companies has inspired me to look deeper into their strategies. Follow me on this blog as I discover their secrets.

Wednesday, June 14, 2017

Women Are Winning In These Areas Of Business

Women entrepreneurs are on a roll, with female-owned enterprises growing at a rate five times the national average in the last nine years, according to The 2016 State of Women-Owned Business Report. They now contribute over $1.6 trillion in business revenue.

Image source: Pixabay.com

Here are five trends in business that show it’s actually a woman’s world, as reported by Inc.com.

Winning the pitch
Female-run agencies are receiving more requests for proposals (RFPs) and showing up more often in conference rooms formerly dominated by men. And they are actually winning more pitches than in just a decade earlier.

Diversity vendors participating more
More corporations are required to award a percentage of their vendor contracts to so-called “diversity” vendors, used to be known as “minority owned” in the business world. This trend is being furthered by providing certifications that make women-owned businesses eligible for a coveted seat at the table.

Using feminine intuition
If men are bagging deals through the ways of the good ol’ boys club (such as over the golf course or a bottle of scotch at a bar), women are trusting their intuition and using it to enhance their business skills. They tell it like it is and demonstrate the classic confidence that comes with their femininity.

Engaging in business more than ever
In the United States alone, over 9.4 million companies are women-owned, generating $1.5 million in sales as of 2015. These numbers are only expected to climb year over year, hopefully evening the traditionally sexist score.

Being recognized by company decision makers
Women leverage their role as everyday decision makers, taking the lead in purchase decisions and other decisions in the household and business. An overwhelming rate of women also participates on social media, influencing other women’s purchase decisions. This way, the higher-ups in business organizations are recognizing their value even more each day

Image source: Pixabay.com

Steve Sorensen is an investment strategist and business blogger who is a longtime resident of Des Moines and holder of an undergraduate degree from the Iowa State University. Read more about business and investment strategies on this page.

Tuesday, May 30, 2017

Net worth combination: The biggest mergers in history

When two companies of immense net worth merge, the results are often extreme. Either they soar to unprecedented heights, or they become historical markers for epic failures. Whatever the result may be, they always end up affecting a significant percentage of the population. Here are some of the biggest mergers the world has ever seen. 

Image source: qwiknumbers.com

AOL and Time Warner 

After the computations were made, it was estimated that this deal cost a whopping $164 billion. The problem though was that before its tenth year anniversary, the partnership collapsed due to a combination of factors. At the end, Time Warner returned to being its own company. 

Vodafone and Mannesmann 

This merger happened a month after the AOL-Time Warner merger and it holds the record the biggest merger in recorded history. It happened in February 2000, with over $180 billion at stake. It did have a few kinks, like the Germans not accepting the deal warmly. But these were eventually ironed out and Vodafone emerged as the industry leader in mobile devices.

Verizon and Verizon Wireless 

This merger happened a lot more recently. Verizon pulled off a coup by taking Verizon Wireless from Vodafone – but without coughing up $130 billion. That may sound like a huge loss, but Verizon has become much more competitive in the US because of this merger. 

Image source: deadline.com

Hi, I’m Steve Sorensen and I’m interested in learning about companies with rising net worth. For updates, subscribe to this Twitter account.

Wednesday, April 12, 2017

Ranking The Most Powerful Ceos In The World

We’re all familiar with the ranking of the most powerful people in the world. It’s a list of who’s who of global influencers. From Russia’s president, Vladimir Putin (#1) to billionaire political donor, Charles Koch (#31), there are only 74 individuals who make the list. But when it comes to powerful CEOs, the basis isn’t just the market cap, but their influence in the company and the industry they’re in.

Image source : forbes.com

Here’s the top 10 list of CEOs according to Forbes Magazine:

10. Doug McMillon Walmart Market Cap: $220B 

9. Lloyd Blankfein Golden Sachs Market Cap: $99B

8. Rex Tillerson ExxonMobil Market Cap: $377B

7. Jeffrey Immelt GE Market Cap: $282B

6. Elon Musk SpaceX, Tesla, SolarCity Market Cap: $31B (Telsa)

5. Jamie Dimon JPMorganChase Market Cap: $303B

4. Warren Buffett Berkshire Hathaway Market Cap: $409B

3. Jeff Bezos Amazon Market Cap: $316B

2. Mark Zuckerberg Facebook Market Cap: $304B

1. Larry Page Alphabet Market Cap: $550B

Image source : googleusercontent.com

Hi there! I’m Steve Sorensen, a business blogger. I explore the stories behind the net worth of some of the world’s successful businesses. Subscribe to my blog for similar reads.

Thursday, March 30, 2017

Business thriving: When a company sheds its startup status

How does one say that a business is a startup or something more than that? Does it have any-thing to do with size, net income, and years in the business? A lot of us have seen and recognized startups, but we can’t really define what sets them apart from bigger companies. And some companies still have the “startup mentality” even after they have supposedly outgrown the sta-tus. Here’s how we can say a company has left its startup status. 

Image source: thecardexaminer.com 

More employees If the company has around thirty full time employees (which has doubled or tripled after its in-ception), it’s safe to say that its startup status is over. And when a company has satellite offices and branches, it is no longer considered a startup. Instagram is an example of a startup gradu-ate, having started with 12 employees, with its team exponentially multiplying after its acquisi-tion by Facebook. 

Stable finances A lot of businesses often make ends meet just to sustain operations. This might mean salary and budget cuts. But when the business can pay its employees well (with benefits) and makes great profit, it is no longer a startup. 

Brand recognition When a business does not need to boast about its awards, client base, and other notable achieve-ments; and is known for their unique branding, it is no longer a startup. 

Image source: itnewsafrica.com 

Hi there, I’m Steve Sorensen, a networth and business blogger. Check out this pagefor more business news.

Monday, February 13, 2017

Stock Market Jargon: Commonly Used Terms You Should Know

Image source: pinimg.com
If you’re thinking about starting to trade, the first thing you’ll notice are the jargons used by traders when they communicate. For them, it’s their first language, but for the untrained ear, it’s ciphered. You need to know these words if you want to be a successful trader. Below are some of the most common stock market trading terms you should know.

Averaging Down: When an investor buys more of a stock as the price goes down. They do it, so the average purchase price decreases.

Bear Market : The opposite of a bull market, this is when stocks are on a downtrend.

Blue Chip Stocks : These are large, industry-leading companies. They offer a stable record of significant dividend payments. The term came from the blue chips used in casinos, which have the highest denomination of chips.

Image source : moneygossips.com
Day Trading : People who do this are often called “active traders” or “day traders” where they buy and sell stocks within the same trading day, before the close of the market on that day.

Sector : A group of stocks within the same category of business. “Technology sector” includes Apple and Microsoft.

Hi, I’m Steve Sorensen. I keep track of companies’ success through their net worth. And I usually write about them on Facebook.

Tuesday, January 10, 2017

Billions In a Snap: The Fabulous Life Of Snapchat CEO Evan Spiegel

Since its launch in 2011, Snapchat has become a social media staple. After rejecting a takeover bid from Facebook’s Mark Zuckerberg, the co-founders of the app have earned their share of fame and fortune.'

Image source: thekissagency.com

Snapchat’s CEO, Evan Spiegel, is among the world’s youngest billionaires. At just 26 years old, Spiegel has an estimated net worth of $5 billion. And according to forecasts, it is possible that he’ll reach $25 billion soon.

Spiegel is very vocal about his upbringing, describing himself as “young, white, and educated.” His parents, who were both Ivy League-educated lawyers, divorced when he was in high school. He was fortunate enough to enter Stanford, where he met Snapchat co-founders Bobby Murphy and Reggie Brown in a fraternity. Just like Zuckerberg, Spiegel did not graduate from Stanford. With just a few units left before graduation, Spiegel decided to work on Snapchat full time.

Image source: stuff.co.nz

Snapchat and its co-founders had their share of controversy, too. In 2013, Brown sued Spiegel and Murphy after they kicked him out of Snapchat without paying him equity. In a sour turn of events, Spiegel and Murphy paid Brown $157.5 million in settlement.

At his peak twenties, Spiegel rose to celebrity status and was rumored to be dating different A-list celebrities.

Hello, I’m Steve Sorensen, a business blogger and investment strategist interested in learning about the net worth of the world’s richest people. Visit this page for similar content.