The World’s First Stock Exchange

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    Was the VOC the most valuable company ever? (Answer: NO!)

    November 17, 2020 /

    On August 19, 2020, the market capitalization of Apple crossed the $2 trillion mark (that’s $2,000,000,000,000). Apple is the world’s most valuable company right now. But is it also the most valuable company of all time? The Saudi Arabian oil giant Saudi Aramco was briefly valued at $2.03 trillion when shares amounting to 1.5% of its capital began trading on the stock exchange of Saudi Arabia in December 2019. (At the time of writing, it is worth a lot less, due to the fact that the oil price plummeted after the corona virus outbreak in early 2020.) However, numerous websites claim that at some point in history various historical trading…

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Lodewijk Petram (photo: Fjodor Buis)
Lodewijk Petram

is an economist and historian. He wrote The World’s First Stock Exchange (New York: Columbia University Press 2014).

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