In 2021, New York had a total of 53 Fortune 500 companies headquartered in the state. California, Texas, Illinois, and Ohio rounded out the top five of states with the most Fortune 500 companies.

What is the Fortune 500?

The Fortune 500 is an annual list published by Fortune magazine that shows the largest corporations in the United States by total revenue within the fiscal year. The list includes both publicly and privately held companies. Being on the Fortune 500 list is one of the most prestigious marks a company can achieve.

Diversity in the Fortune 500

Increasing diversity has become a hot topic within the business world in recent years and it shows on the boards of Fortune 500 companies. Fortune 500 companies are appointing more diverse individuals to board of director positions and the share of women, African-Americans, and Asian-Americans in these positions have all more than doubled since 2009.

From 2000 to 2019, the United States had more Fortune 500 companies than any other country. In 2020, the U.S. was surpassed by China, where 124 companies were reported, compared to 121 U.S. companies. This is an impressive increase, as there were only 10 Fortune 500 companies in China in 2000. In 2023, the number of top world companies ranked by revenue grew by six in China, while in the U.S. there were 12 more companies than in 2022.

In 2022, the New Orleans-Metairie, LA metro area recorded the highest homicide rate of U.S. cities with a population over 250,000, at 27.1 homicides per 100,000 residents, followed by the Memphis, TN-MS-AR metro area. However, homicide data was not recorded in all U.S. metro areas, meaning that there may be some cities with a higher homicide rate.

St. Louis

St. Louis, which had a murder and nonnegligent manslaughter rate of 11.6 in 2022, is the second-largest city by population in Missouri. It is home to many famous treasures such as the St. Louis Cardinals baseball team, Washington University in St. Louis, the Saint Louis Zoo, and the renowned Gateway Arch. It is home to many corporations such as Monsanto, Arch Coal, and Emerson Electric. The economy of St. Louis is centered around business and healthcare, and in addition is home to ten Fortune 500 companies.

Crime in St. Louis

Despite all of this, St. Louis suffers from high levels of crime and violence. As of 2023, it was listed as the seventh most dangerous city in the world as a result of their extremely high murder rate. Not only does St. Louis have one of the highest homicide rates in the United States, it also reports one of the highest numbers of violent crimes. In spite of high crime levels, the GDP of the St. Louis metropolitan area has been increasing since 2001.

With a market capitalization of 3.12 trillion U.S. dollars as of May 2024, Microsoft was the world’s largest company that year. Rounding out the top five were some of the world’s most recognizable brands: Apple, NVIDIA, Google’s parent company Alphabet, and Amazon. Saudi Aramco led the ranking of the world's most profitable companies in 2023, with a pre-tax income of nearly 250 billion U.S. dollars. How are market value and market capitalization determined? Market value and market capitalization are two terms frequently used – and confused - when discussing the profitability and viability of companies. Strictly speaking, market capitalization (or market cap) is the worth of a company based on the total value of all their shares; an important metric when determining the comparative value of companies for trading opportunities. Accordingly, many stock exchanges such as the New York or London Stock Exchange release market capitalization data on their listed companies. On the other hand, market value technically refers to what a company is worth in a much broader context. It is determined by multiple factors, including profitability, corporate debt, and the market environment as a whole. In this sense it aims to estimate the overall value of a company, with share price only being one element. Market value is therefore useful for determining whether a company’s shares are over- or undervalued, and in arriving at a price if the company is to be sold. Such valuations are generally made on a case-by-case basis though, and not regularly reported. For this reason, market capitalization is often reported as market value. What are the top companies in the world? The answer to this question depends on the metric used. Although the largest company by market capitalization, Microsoft's global revenue did not manage to crack the top 20 companies. Rather, American multinational retailer Walmart was ranked as the largest company in the world by revenue. Walmart also had the highest number of employees in the world.