When the Dow Jones Industrial Average was founded in 1896, it was made up of the leading industries in the United States at the time such as the American Sugar Company, the U.S. Leather Company, the Tennessee Coal, Iron and Railroad Company and General Electric. How times have changed. Not only do we live in a more global economy, with the top companies being multinational oil corporations like ExxonMobil and Royal Dutch Shell, but technology innovators like Apple and Microsoft are also among the leaders in market capitalization.
Daniel Franklin, Executive Editor of the Economist, says more “megachanges” are still ahead. So which companies dooes Franklin estimate will be at the top in 2050?