Article in treasure chest category.
2020 Fortune 1000 Companies
We were trying to find a list of the 2020 Fortune 1000 Companies and had difficult finding a decent list to use, so we decided…
We were trying to find a list of the 2020 Fortune 1000 Companies and had difficult finding a decent list to use, so we decided to make one ourselves.
What are the Fortune 1000 Companies?
Fortune 1000 is a list compiled by Fortune Magazine of the 1,000 companies with the highest revenue in the United States ranked. It's essentially the leader board of businesses. Fortune 500 is the more common subset of this list, which only has the top 500 companies in this list.
This is the 66th edition of the list and the top 500 companies make up more than $14.2 trillion in revenue, which makes up more than 2/3 of the US economy. Its quiet the important list in order to help people analyze and understand the current economic landscape and looking at the evolution of the list throughout the years gives a great picture on the type of industries that have risen and fallen in popularity and necessity. The Fortune 1,000 list gives a better look at the yearly evolution of economic changes by viewing the lower half of the list that changes more often from year to year.
2020 Fortune 1000 Companies:
A Brief History on the Fortune 500 List
Edgar P. Smith, At the time he was an assistant managing editor for Fortune, first created the list in 1955. The first list only included companies hat were in the manufacturing, mining, and energy sectors. This left out some major companies because of that specification. The first to top the Fortune 500 list was General Motors with annual revenues of $9.8 billion. In 1995 however, they changed the requirements for the list and allowed companies in the service sector to also be apart of the list. This allowed Walmart to rank fourth that year and AT&T who ranked fifth.