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Samsung Electronics World's 16th in Market Cap

Written: 2017-03-07 18:30:04Updated: 2017-03-07 18:38:52

Samsung Electronics World's 16th in Market Cap

Samsung Electronics has jumped from 39th to 16th in the world for market capitalization.

According to data by the Korean Exchange on Tuesday, Samsung’s market capitalization amounted to 241 billion U.S. dollars as of Friday, up 94-point-eight billion dollars from a year earlier.

The growth of Samsung’s value was larger than that of Facebook, Alphabet, Microsoft and Alibaba Group.

American tech giant Apple topped the list with a market cap of 733-point-four billion U.S. dollars.

South Korean chipmaker SK Hynix and automaker Hyundai Motor Company also made the top 500.

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