Fortune 500 firms, the most important corporations within the U.S. by income, play a major function within the U.S. economic system. They comprise two-thirds of U.S. GDP — a mixed $18.8 trillion in revenues and $43 trillion in market worth (as of March 28). In addition they make use of about 31 million individuals across the globe, in keeping with Fortune.
The entire wealth and jobs created by these corporations will not be evenly distributed throughout the U.S., nevertheless. In reality, simply 5 states home 220 of the Fortune 500 firms. Click on by means of to see which states these are — and simply what number of firms name them residence.
Ohio has the fifth-most Fortune 500 firms of all 50 U.S. states, with 27. Main insurance coverage firms like Progressive, retailers resembling Kroger, and even vitality firms, together with Marathon Petroleum, reside within the state.
With 32 Fortune 500 firms, Illinois has the fourth-highest depend. State Farm, Deere, and Walgreens are all among the many main firms primarily based within the state.
Texas is tied for second place with 52 Fortune 500 firms. Lately, Texas has drawn a big selection of companies because of its hotter local weather and pleasant tax setting. As part of this shift, main corporations together with Tesla, HP, and Oracle now name Texas residence.
Tied for second place is New York, additionally with 52 Fortune 500 firms. The banking capital of the nation, worldwide giants resembling Goldman Sachs, JPMorgan Chase, and Citigroup are all primarily based in New York. Different main firms headquartered within the state embody Pepsi, Pfizer, and Estée Lauder.
California leads the nation by way of Fortune 500 firms, with 57 of them headquartered inside its borders. From tech giants Apple, Meta, Nvidia, and Google father or mother Alphabet, to PayPal and Airbnb, California is residence to a number of the largest and most influential firms within the U.S.