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Fortune 500

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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 U.S. corporations by total revenue for their respective fiscal years.[1] The list includes public 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 wider list Fortune 1000.[4]

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.[5]

Fortune 500 lists

See also

References

  1. ^ Fortune 500, USPages.com.
  2. ^ "Edgar Smith, 69, Dies; Retired Time Executive". New York Times. New York Times. Retrieved 1 March 2016.
  3. ^ "1955 Full list". Fortune 500. Fortune 500. Retrieved 1 March 2016.
  4. ^ Williams, Sean. "Fortune 100: Everything You've Ever Wanted to Know About This Popular Annual Ranking". The Motley Fool. The Motley Fool. Retrieved 1 March 2016.
  5. ^ Groves, Martha (26 April 1995). "Service Now Counts With Fortune 500". Los Angeles TImes. Retrieved 26 April 2014.
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