Fortune Global 500

Last updated on 22 September 2017

The Fortune Global 500, also known as Global 500, is an annual ranking of the top 500 corporations worldwide as measured by revenue and the list is compiled and published annually by Fortune magazine.

Methodology

Until 1989, it listed only non-United States industrial corporations under the title "International 500" while the Fortune 500 contained and still contains exclusively United States corporations. In 1990, United States companies were added to compile a truly global list of top industrial corporations as ranked by sales. Since 1995, the list has had its current form, listing also top financial corporations and service providers by revenue.

Controversy

Several inconsistencies exist in Fortune's ranking of cities with the most Fortune 500 headquarters. On June 3, 2011, the Atlanta Business Chronicle stated examples of Fortune including regional headquarters for some cities, not including regional headquarters for other cities and in some cases not including headquarters that are physically located inside a city limit.[1]

Geographical distribution

Since 2001, there has been a significant change in the geographical distribution of the companies in the Global 500 rankings. The number of North American-based companies decreased from 215 in 2001 to 145 in 2017 and the contribution of Asian-based companies increased rapidly from 116 in 2001 to 197 in 2017. Most of this growth is accounted for by the rapid increase in the number of Chinese Global 500 companies, of which there were 109 by 2017 (the number becomes 115 if Taiwan is included), increasing from only 10 in 2001. The share of European-based companies also reduced, from 158 to 143, over the same period.[2][3][4]

Fortune Global 500 list of year 2017

The following is the list of top 10 companies.[5][6]

Rank Company Country Industry Revenue in USD
1 Walmart  United States Retail $486 billion
2 State Grid  China Power $315 billion
3 Sinopec Group  China Petroleum $268 billion
4 China National Petroleum  China Petroleum $263 billion
5 Toyota Motor  Japan Automobiles $255 billion
6 Volkswagen  Germany Automobiles $240 billion
7 Royal Dutch Shell  Netherlands (United Kingdom) † Petroleum $240 billion
8 Berkshire Hathaway  United States Insurance $224 billion
9 Apple  United States Technology $216 billion
10 Exxon Mobil  United States Petroleum $205 billion

Fortune had previously listed Shell as a British/Dutch company, but as of the 2016 listing it is listed as Dutch.

Breakdown by country

As of July 2017, this is the list of the top 10 countries with the most Global 500 companies.[7]

Rank Country Companies
1  United States 132
2  China 109
3  Japan 51
4  France 29
4  Germany 29
6  United Kingdom 23
7  South Korea 15
8   Switzerland 14
8  Netherlands 14
10  Canada 11

The Global 500 includes Royal Dutch Shell under the heading "Britain/Netherlands", as the company is counted in the tally for both countries.

As can be seen from the table above, 427 (85.4%) of the Global 500 are represented by only 10 countries: two in North America (Canada and United States), five in Western Europe (France, Germany, Netherlands, Switzerland and United Kingdom) and three in East Asia (China, Japan and South Korea). Moreover, the top six (United States, China, Japan, France, Germany and United Kingdom) are the world's largest economies as estimated by the IMF (List of countries by GDP (nominal)). Among the Fortune Global 500, 373 companies (74.6%) are from these six countries. According to the Credit Suisse Global Wealth Report 2016, the adult citizens of these six countries own approximately 67% of the world's total household wealth.[8]

See also

References

External links

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