Nearly half of all Fortune 500 companies were founded by immigrants or their children, study finds

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New study finds immigrants and children of immigrants founded 45 percent of U.S. Fortune 500 companies, amassing $6.1 trillion in annual revenue last year.

, released Thursday from The New American Economy Research Fund, is the latest piece of research tying a significant portion of U.S. economic growth to migrant families. The pro-immigration group's data revealed there were 101 companies founded directly by foreign-born individuals and another 122 were created by the children of immigrants. U.S. Fortune 500 companies founded by immigrants employ 13.

The revenue brought in by these companies on the New American Fortune 500 list is $1.1 trillion more than Japan's entire gross domestic product, $2.1 trillion more than Germany's GDP and nearly three times that of the United Kingdom's entire GDP. As the report notes, the 13.5 million people employed by these companies creates a population that would rank as the fifth largest state in the country.

Comparatively, companies founded by non-immigrants such as Walmart, Exxon and CVS amassed $7.6 trillion in 2018.

 

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The USA and Europe should first make up its mind and than make a welcoming policy for Immigrant who are educated so they become an asset not a burden.All over Europe there are migrants who are mostly uneducated especially in Scandinavian countries.

GOP what are your thoughts on this? dobetter

LEGAL Immigrants!!!! What is so hard to understand about that? You people are dense! Hispanic here that is definitely voting for ................... Trump2020 because I’m an American that doesn’t want to be poor!!!!

We need more people from Europe to come here, I agree.

Illegal or legal immigrants, please make the distinction. Thanks, America

You mean they came legally, assimilated & worked hard?

But, send them back?

Legal, or illegal?

So that’s why 45 hates them so much: fierce competition.

You forgot the word “legal”

We're here for a good time.

And they were all illegal immigrant Hispanics from Mexico and Honduras. I DON'T THINK SO! FAKE NEWS NEWSWEEK.

LEGAL IMMIGRANTS

AMERICAN IS BUILT ON IMMIGRATION‼️

Oh, but Trump likes businessmen, right?

Trump's 'immigrants' are only people of color.

We all immigrated from Africa, so I would say so.

That’s because immigrants come here for opportunity they wouldn’t have anywhere else, opportunity we take for granted.

That's great! President Trump is not talking about immigrants, just ILLEGAL IMMIGRANTS.

Blah blah blah

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