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The ''Fortune'' 500 is an annual list compiled and published by ''
Fortune Fortune may refer to: General * Fortuna or Fortune, the Roman goddess of luck * Luck, a chance happening, or that which happens beyond a person's controls * Wealth, an abundance of items of economic value * Fortune, a prediction made in fortune-te ...
'' magazine that ranks 500 of the largest
United States The United States of America (USA), commonly known as the United States (U.S. or US), or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major self-governing territories, 326 India ...
corporations A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law 'born out of statute"; a legal person in legal context) and rec ...
by total revenue for their respective fiscal years. 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. The ''Fortune'' 500 is more commonly used than its subset ''Fortune'' 100 or superset ''Fortune'' 1000.


History

The ''Fortune'' 500, created by Edgar P. Smith, was first published in 1955. The original top ten companies were
General Motors General Motors Company (GM) is an American multinational corporation headquartered in Detroit, Michigan, USA that designs, manufactures, markets, and distributes vehicles and vehicle parts, and sells financial services, with global headquarters i ...
, Jersey Standard,
U.S. Steel United States Steel Corporation (), more commonly known as U.S. Steel, is an American integrated steel producer headquartered in Pittsburgh, Pennsylvania, with production operations in the United States and Central Europe. As of 2018, the company ...
,
General Electric General Electric Company (GE) is an American multinational conglomerate incorporated in New York City and headquartered in Boston. , the company operates through the following segments: aviation, healthcare, power, renewable energy, digital in ...
,
EsmarkEsmark is a surname. Notable people with the surname include: *Birgitte Esmark (1841–1897), Norwegian malacologist *Jens Esmark (1763–1839), Danish-Norwegian mineralogist, study of glaciers *Lars Mathias Hille Esmark (1908–1998), Norwegian civ ...
,
Chrysler Chrysler (; officially Stellantis North America) is one of the "Big Three" automobile manufacturers in the United States, headquartered in Auburn Hills, Michigan. In addition to the Chrysler brand, Stellantis North America sells vehicles wor ...

Chrysler
,
Armour Armour (British English) or armor (American English; see spelling differences) is a covering to protect an object, individual, or vehicle from damage, especially direct contact weapons or projectiles during combat, or from a potentially dangerou ...
,
Gulf Oil Gulf Oil was a major global oil company from 1901 until March 15, 1985. The eighth-largest American manufacturing company in 1941 and the ninth-largest in 1979, Gulf Oil was one of the so-called Seven Sisters oil companies. Prior to its merger w ...
,
Mobil Mobil, previously known as the Socony-Vacuum Oil Company, is a major American oil company that merged with Exxon in 1999 to form a parent company called ExxonMobil. It was previously one of the Seven Sisters that dominated the global petroleum i ...
and
DuPont DuPont de Nemours, Inc., commonly known as DuPont, is an American company formed by the merger of Dow Chemical and E. I. du Pont de Nemours and Company on August 31, 2017, and the subsequent spinoffs of Dow Inc. and Corteva. Prior to the spinof ...
.


Methodology

The original ''Fortune'' 500 was limited to companies whose revenues were derived from manufacturing, mining, and energy exploration. 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. There is a lag in creating the list, so for example, the 2019 ''Fortune'' 500 is based on each company's financial years ending in late 2018 (most commonly, on December 31), or early 2019.


Influence

As of 2020, the ''Fortune'' 500 companies represent approximately two-thirds of the United States's 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 gross world product (GWP) is the combined gross national income of all the countries in the world. Because imports and exports balance exactly when considering the whole world, this also equals the total global gross domestic product (GDP).See m ...
. The companies collectively employ a total of 29.2 million people worldwide, or nearly 0.4% of the .


See also

*
40 under 40 (Fortune Magazine) ''Fortune'' magazine's 40 Under 40 is a list of individuals the publication considers to be the most influential young leaders for the year. The list has existed in two phases: First, from 1999 to 2003, purely as a numeric ranking of wealth, captur ...
* ''Fortune'' Global 500 * ''Fortune'' India 500 * ''Fortune'' 1000 *
List of largest companies in the United States by revenue This list comprises the largest companies in the United States by consolidated revenue as of 2020, according to the Fortune 500 tally. Retail corporation Walmart has been the largest company in the US by revenue since 2014. Only companies that pub ...
*
List of largest companies by revenue This list comprises the world's largest companies by consolidated 2020 revenue, according to the ''Fortune'' Global 500 latest tally published on August 10, 2020. American retail corporation Walmart has been the world's largest company by revenue s ...
*
List of Fortune 500 computer software and information companies This is a list of computer software and information technologies that are in the Fortune 500 list of the largest U.S. companies by revenue. References {{reflist External linksFortune 500, 2020 Fortune (magazine) Top lists ...
* List of women CEOs of ''Fortune'' 500 companies * ''Forbes'' Global 2000 * Total ''Fortune'' 1000 companies by urban area list


References


External links


Official website
* Full list of Fortune 500 companies
200620072008

20092010201120122013201420152016201720182019
{{authority control Lists of companies by revenue
Fortune (magazine){{DISPLAYTITLE:''Fortune'' (magazine) This is about the magazine ''Fortune''. Business magazines published in the United States Magazines formerly owned by Meredith Corporation Wikipedia categories named after mag ...
Top lists Annual magazine issues