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. 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.
The Fortune 500 was first published in 1955; created by Edgar P. Smith. The original top ten companies were General Motors, Jersey Standard, U.S. Steel, General Electric, Esmark, Chrysler, Armour, Gulf Oil, Mobil and DuPont.
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.
As of 2019, the Fortune 500 companies represent approximately two-thirds of the United States's Gross Domestic Product with approximately $13.7 trillion in revenue, $1.1 trillion in profits, and $22.6 trillion in total market value. These numbers also account for approximately 17% of the gross world product. The companies collectively employ a total of 28.7 million people worldwide, or 0.4% of the Earth's total population. As of May 2019, only 24 of the Fortune 500 companies were led by female CEOs.
Beth Elaine Mooney (born 1955) is an American financial executive who is the first woman to be CEO of a top-20 U.S. bank. On May 1, 2011 KeyCorp named Mooney its chairwoman and chief executive officer of the Cleveland, Ohio-based bank. From November 2010 until May 1, 2011 she was the president and the chief operating officer at KeyCorp.CHS Inc.
For the UK government agency also named Cenex, see Centre of Excellence for Low Carbon and Fuel Cell Technologies CHS Inc. is a Fortune 100 business owned by United States agricultural cooperatives, farmers, ranchers, and thousands of preferred stock holders. Based in Inver Grove Heights, Minnesota, it owns and operates various food processing and wholesale, farm supply, Cenex brand fuel, financial services and retail businesses, and is a co-owner of Ventura Foods, a vegetable oil processor.
It is ranked 1st on the National Cooperative Bank Co-op 100 list of mutuals and cooperatives (ranked by 2012 revenue), and 96th (by 2017 revenue) in the Fortune 500 2018 list of United States corporations.David Farr
David Nelson Farr (born 1955) is an American business executive. He is the chairman and CEO of Emerson Electric Company, a Fortune 500 company. Farr has worked at the company since 1981. He is married with two children and is a resident of Ladue, Missouri.On October 25, 2011, IBM announced Farr was elected to its board of directors, and he joined the board on January 1, 2012.Economy of Chicago
Chicago and its suburbs, which together comprise the Chicago Metropolitan Area, is home to 36 Fortune 500 companies and is a transportation and distribution center. Manufacturing, printing, publishing, insurance, transportation, financial trading & services, and food processing also play major roles in the city's economy. The total economic output of Chicago in GMP totaled US$703.9B in 2018 making Chicago equivalent to the 20th largest economy in the world just surpassing the total economic output of Switzerland.Economy of Illinois
The economy of Illinois is the fifth largest by GDP in the United States and one of the most diversified economies in the world. Fueled by the economy of Chicago, the Chicago metropolitan area is home to many of the United States' largest companies, including AbbVie Inc., Allstate, Baxter International, Boeing, Caterpillar, Conagra, Crate and Barrel, Kraft Heinz, McDonald's, Mondelez International, Motorola, United Airlines, US Foods, Walgreens, and more. The Chicago area is a global financial center and headquarters a wide variety of financial institutions including Citadel LLC, CNA Financial, Discover Financial Services, Morningstar, Inc., Nuveen, and more. Chicago is also home to the largest futures exchange in the world, the Chicago Mercantile Exchange.
Across the state, other Fortune 500 world headquarters based in Illinois includes State Farm in Bloomington along with John Deere in Moline. As of 2017, Illinois ranked fourth in the nation for the most Fortune 500 based companies with a total of 36. For six consecutive years, Chicagoland was ranked the nation's top metropolitan area for corporate relocations.The 2018 total gross state product for Illinois was $857 billion, placing it fifth in the nation. The 2015 median household income was $59,588. In 2016, the nine counties of the Chicago metropolitan area accounted for 77.3% of the state's total wages, with the remaining 93 counties at 22.7%. The state's industrial outputs include machinery, food processing, electrical equipment, chemical products, publishing, fabricated metal products and transportation equipment. Corn and soybeans are important agricultural products. Service industries of note are financial trading, higher education, logistics, and medicine.Fortune (magazine)
Fortune is an American multinational business magazine headquartered in New York City, United States. It is published by Fortune Media Group Holdings, owned by Thai businessman Chatchaval Jiaravanon. The publication was founded by Henry Luce in 1929. The magazine competes with Forbes and Bloomberg Businessweek in the national business magazine category and distinguishes itself with long, in-depth feature articles. The magazine regularly publishes ranked lists, including the Fortune 500, a ranking of companies by revenue that it has published annually since 1955.Frank T. Cary
Frank T. Cary (December 14, 1920, Gooding, Idaho – January 1, 2006, Darien, Connecticut) was an American executive and businessman. Cary served as the chairman from 1973 to 1983 and CEO from 1973 to 1981 of IBM. He was a member of the Steering Committee of the Bilderberg Group.During his tenure as chief executive at IBM, he presided over a period of rapid growth in product, revenue and profit. His most notable accomplishment was recognizing that the personal computer was going to be an emerging product category that could ultimately be a threat to IBM. Consequently, he forced the creation of a special, small dedicated group to spearhead an answer to Apple, within IBM but totally protected from the internal bureaucracy of a large corporation.
Frank T. Cary died, aged 85, on New Year's Day 2006.JLL (company)
Jones Lang LaSalle Incorporated or JLL is a commercial real estate services firm. It is the second-largest company of its kind in the world, smaller only than CBRE Group.The company is ranked 189th on the Fortune 500.The company has been consistently named by the Ethisphere Institute as one of the world's most ethical companies.John R. Opel
John Roberts Opel (January 5, 1925, in Kansas City, Missouri – November 3, 2011, in Fort Myers, Florida) was a U.S. computer businessman. He served eleven years as the President of IBM between 1974 and 1985. He then served as the CEO of IBM from 1981 to 1985and he was chairman of IBM between 1983 and 1986.Born in Kansas City, Missouri, Opel grew up in Jefferson City, Missouri. He majored in English at Westminster College in Fulton, Missouri. He then fought in the Philippines and Okinawa in World War II and earned an MBA degree from the University of Chicago in 1949.
Upon graduation, Opel had two job offers, one to rewrite economics textbooks, and the other to take over his father's hardware business. While taking a fishing trip with his father and a family friend who worked for IBM, he was offered a third job as a salesman in central Missouri, and accepted.
In 1959 Mr. Opel became executive assistant to IBM CEO Thomas J. Watson Jr., after which he rose rapidly, taking positions in manufacturing and public relations and other departments, and managed the introduction of the IBM System 360 mainframe computer in 1964.
Opel died at his Fort Myers, Florida home in 2011. He was 86.Kenneth Chenault
Kenneth Irvine Chenault (born June 2, 1951) is an American business executive. He was the CEO and Chairman of American Express from 2001 until 2018. He is the third African American CEO of a Fortune 500 company.Les Wexner
Leslie H. Wexner (born September 8, 1937) is a billionaire American businessman, and the founder and CEO of the L Brands (formerly Limited Brands) corporation. He has been a political independent since 2018.List of companies based in Minneapolis–Saint Paul
The Minneapolis–Saint Paul metropolitan area is the 16th-largest urban agglomeration in the United States, and is home to many corporations, companies, and divisions. The core cities of Minneapolis and Saint Paul host many companies, but a number are in suburban cities.List of companies in Houston
This is an incomplete list of major companies or subsidiaries headquartered in Houston, Texas and the Greater Houston metropolitan area. Houston is known for its oil and gas industry, and has the second highest number of Fortune 500 companies after New York City.Lithia Motors
Lithia Motors, Inc. is an American nationwide automotive retailer headquartered in Medford, Oregon. It is the third largest automotive retailer in the United States. In 2015, Lithia Motors broke into the Fortune 500 list at #482, making it one of only three Oregon-based companies in the Fortune 500. This followed a year that saw the acquisition of the DCH Auto Group, one of the 10 largest dealer groups in the country, with 27 dealerships, before being purchased by Lithia Motors. In 2016, Lithia climbed to #346 and that same year made the Fortune 500 List of Top Ten Companies with the biggest jump in rank on the Fortune 500. As of 2018, Lithia is ranked #294 on the Fortune 500. Lithia employs more than 14,150 people in stores across the nation including Alaska and Hawaii. Lithia operates 180 stores in 18 states.Marissa Mayer
Marissa Ann Mayer (; born May 30, 1975) is an American information technology executive, and co-founder of Lumi Labs. Mayer formerly served as the president and chief executive officer of Yahoo!, a position she held from July 2012. It was announced in January 2017 that she would step down from the company's board upon the sale of Yahoo!'s operating business to Verizon Communications for $4.8 billion. She would not join the newly combined company, now called Verizon Media (formerly Oath), and announced her resignation on June 13, 2017. She is a graduate of Stanford University and was a long-time executive, usability leader, and key spokeswoman for Google (employee #20).Mecklenburg County, North Carolina
Mecklenburg County is a county located in the southwestern region of the state of North Carolina, in the United States. As of the 2010 census, the population was 919,618. It increased to 1,034,070 as of the 2015 estimate, making it the most populous county in North Carolina and the first county in the Carolinas to surpass 1 million in population. Its county seat and largest city is Charlotte.Mecklenburg County is included in the Charlotte-Concord-Gastonia, NC-SC Metropolitan Statistical Area. On September 12, 2013, the county welcomed its one millionth resident.Like its seat, the county is named after Charlotte of Mecklenburg-Strelitz, queen of the United Kingdom, whose name is derived from the region of Mecklenburg in Germany, itself deriving its name from Mecklenburg Castle (Mecklenburg meaning "large castle" in Low German) in the village of Dorf Mecklenburg.T. Vincent Learson
Thomas Vincent Learson (September 26, 1912 – November 4, 1996) was IBM's chairman and chief executive officer from June 1971 through January 1973. He was succeeded by Frank T. Cary. Both the previous chairman Thomas Watson Jr. and senior project manager Fred Brooks regarded Learson as the driving force behind the IBM System/360 project, which was huge and risky but whose success ensured IBM's dominance of the mainframe computer market.He was born in Roslindale, Boston, Massachusetts, son of Richard J. Learson and Katharine E. (Goode) Learson. He graduated from Boston Latin School in 1931, then majored in mathematics at Harvard University, graduating in 1935.
From 1975 to 1977 he was Ambassador-at-Large for Law of the Sea Matters and Special Representative of the President for the Law of the Sea Conference, and Chief of Delegation.
He died at age 84 and is buried with his wife Gladys at the Gate of Heaven Cemetery, in Hawthorne, New York.Tim Solso
Theodore Matthew "Tim" Solso (born March 5, 1947), is an American businessman that served as the chairman of General Motors, from January 15, 2014 to January 4, 2016 where he was succeeded by General Motors CEO Mary Barra. Prior to that, Solso served as the Chief Executive Officer of Cummins from 2000 to 2011.Ursula Burns
Ursula M. Burns (born September 20, 1958), is an American businesswoman. She is the chairman and CEO of VEON, a senior advisor to Teneo, and a non-executive director of Diageo since April 2018. She is also a member of the board of directors of Uber. In 2009, Burns became CEO of Xerox, the first among black women to be a CEO of a Fortune 500 company, and the first woman to succeed another as head of a Fortune 500 company. Burns served as CEO of Xerox from 2009 to 2016 and Xerox chairwoman from 2010 to 2017. In 2014, Forbes rated her the 22nd most powerful woman in the world. Among other civic positions, she was a leader of the STEM program of the White House from 2009 to 2016, and head of the President's Export Council from 2015 until 2016.