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Contents

   



(Top)
 


1 History  





2 Methodology  





3 Influence  





4 Overview  



4.1  Breakdown by state  







5 See also  





6 References  





7 External links  














Fortune 500






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From Wikipedia, the free encyclopedia
 


The July 24, 2006 issue of Fortune, featuring its Fortune 500 list

The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years.[1] The list includes publicly held companies, along with privately held companies for which revenues are publicly available. The concept of the Fortune 500 was created by Edgar P. Smith, a Fortune editor, and the first list was published in 1955.[2][3] The Fortune 500 is more commonly used than its subset Fortune 100 or superset Fortune 1000.[4]

History[edit]

The Fortune 500, created by Edgar P. Smith, was first published in 1955.[2] The original top ten companies were General Motors, Jersey Standard, U.S. Steel, General Electric, Esmark, Chrysler, Armour, Gulf Oil, Mobil, and DuPont.[5]

Methodology[edit]

The original Fortune 500 was limited to companies whose revenues were derived from manufacturing, mining, and energy exploration.[6] At the same time, Fortune published companion "Fortune 50" lists of the 50 largest commercial banks (ranked by assets), utilities (ranked by assets), life insurance companies (ranked by assets), retailers (ranked by gross revenues) and transportation companies (ranked by revenues). Fortune magazine changed its methodology in 1994 to include service companies. With the change came 291 new entrants to the famous list including three in the Top 10.[7]

Influence[edit]

As of 2020, the Fortune 500 companies represent approximately two-thirds of the United States' gross domestic product with approximately $14.2 trillion in revenue, $1.2 trillion in profits, and $20.4 trillion in total market value. These revenue figures also account for approximately 18% of the gross world product. The companies collectively employ a total of 29.2 million people worldwide, or nearly 0.4% of the world's total population.[8]

Overview[edit]

The following is the list of top 20 companies.[9]

Fortune 500 list of 2024

Rank

Company

State

Industry

Revenue in USD

1

Walmart

 Arkansas

General Merchandisers

$648.1 billion

2

Amazon

 Washington

Internet Services and Retailing

$574.8 billion

3

Apple

 California

Computers, Office Equipment

$383.3 billion

4

UnitedHealth Group

 Minnesota

Health Care: Insurance and Managed Care

$371.6 billion

5

Berkshire Hathaway

 Nebraska

Insurance: Property and Casualty (stock)

$364.5 billion

6

CVS Health

 Rhode Island

Health Care: Pharmacy and Other Services

$357.8 billion

7

ExxonMobil

 Texas

Petroleum Refining

$344.6 billion

8

Alphabet Inc.

 California

Internet Services and Retailing

$307.4 billion

9

McKesson Corporation

 Texas

Wholesalers: Health Care

$276.7 billion

10

Cencora

 Pennsylvania

Wholesalers: Health Care

$262.2 billion

11

Costco

 Washington

General Merchandisers

$242.3 billion

12

JPMorgan Chase

 New York

Commercial Banks

$239.4 billion

13

Microsoft

 Washington

Computer Software

$211.9 billion

14

Cardinal Health

 Ohio

Wholesalers: Health Care

$205.0 billion

15

Chevron Corporation

 California

Petroleum Refining

$200.9 billion

16

Cigna

 Connecticut

Health Care: Pharmacy and Other Services

$195.3 billion

17

Ford Motor Company

 Michigan

Motor Vehicles & Parts

$176.2 billion

18

Bank of America

 North Carolina

Commercial Banks

$171.9 billion

19

General Motors

 Michigan

Motor Vehicles & Parts

$171.8 billion

20

Elevance Health

 Indiana

Health Care: Insurance and Managed Care

$171.3 billion

Breakdown by state[edit]

This is the list of the top 18 states with the most companies within the Fortune 500 as of 2021.[10]

Breakdown by state

Rank

State

Companies

1

 California

53

 New York

53

3

 Texas

49

4

 Illinois

28

5

 Ohio

25

6

 Pennsylvania

24

7

 Virginia

22

8

 Florida

20

9

 Georgia

19

10

 Massachusetts

18

 Minnesota

18

12

 Michigan

17

13

 New Jersey

16

14

 Connecticut

14

15

 North Carolina

12

16

 Colorado

10

 Missouri

10

 Tennessee

10

See also[edit]

  • Fortune Global 500
  • Fortune India 500
  • Fortune 1000
  • List of largest companies in the United States by revenue
  • List of largest companies by revenue
  • List of Fortune 500 computer software and information companies
  • List of women CEOs of Fortune 500 companies
  • Forbes Global 2000
  • Total Fortune 1000 companies by urban area list
  • References[edit]

    1. ^ "Fortune 500". Fortune. Retrieved 2024-06-05.
  • ^ a b "Edgar Smith, 69, Dies; Retired Time Executive". The New York Times. October 12, 1989. Retrieved March 1, 2016.
  • ^ "1955 Full list". Fortune. Retrieved March 1, 2016.
  • ^ Williams, Sean (June 4, 2015). "Fortune 100: Everything You've Ever Wanted to Know About This Popular Annual Ranking". The Motley Fool. Retrieved March 1, 2016.
  • ^ "What happened to the first Fortune 500?". Fortune. Retrieved March 24, 2017.
  • ^ Semczuk, Nina (2024-03-13). "What Are Fortune 500 Companies?". Bankrate. Retrieved 2024-05-22.
  • ^ Groves, Martha (April 26, 1995). "Service Now Counts with Fortune 500". Los Angeles Times. Retrieved October 12, 2017.
  • ^ Klooster, Alison (May 18, 2020). "FORTUNE Announces 2020 FORTUNE 500 List, Launches First Ever "History Of The FORTUNE 500" Data Analytics Visualization Site With Partner Qli". Fortune. Retrieved October 1, 2020 – via Cision PR Newswire.
  • ^ "Fortune 500 List of Companies 2022". Fortune. Retrieved July 1, 2022.
  • ^ "Visualize the Fortune 500". Fortune. Retrieved November 29, 2021.
  • External links[edit]

    Top editors

    • Parker Lloyd-Smith
  • Ralph Ingersoll
  • Eric Hodgins
  • Russell Davenport
  • Richardson Wood
  • Ralph D. Paine, Jr.
  • Hedley Donovan
  • Duncan Norton-Taylor
  • Louis Banks
  • Robert Lubar
  • William S. Rukeyser
  • Marshall Loeb
  • Walter Keichel III
  • John Huey
  • Richard Kirkland
  • Eric Pooley
  • Andrew Serwer
  • Alan Murray
  • Clifton Leaf
  • Alyson Shontell
  • Editorial staff

  • John Curran
  • Nina Easton
  • Alfred Winslow Jones
  • David Kirkpatrick
  • Carol Loomis
  • John McDonald
  • Bethany McLean
  • Roger Parloff
  • Daniel Seligman
  • Allan Sloan
  • Herbert Solow
  • Alvin Toffler
  • Shawn Tully
  • Lists

  • Global 500
  • India 500
  • Global 2000
  • 40 Under 40
  • 100 Best Companies to Work For
  • Conferences

  • Fortune Global Forum

  • Retrieved from "https://en.wikipedia.org/w/index.php?title=Fortune_500&oldid=1234965805"

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    This page was last edited on 17 July 2024, at 02:04 (UTC).

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