News Formal

California home to most Fortune 500 companies, beats out Texas and New York

  • 📰 KTVU
  • ⏱ Reading Time:
  • 17 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 38%
  • Publisher: 53%

Us News

Ca,San Francisco,News

For the first time in a decade, California is home to the most Fortune 500 companies in the U.S., with a majority of the firms on the state’s list headquartered here in the Bay Area.

The 70th annual ranking by Fortune showed California with 57 companies, as it beat out Texas and New York this year, which tied for second place. They each had a list of 52 Fortune 500 companies.

"California has long been a hub of economic success, and with the world’s recent AI explosion, America’s technology capital is ready to soar to even greater heights," the publication said. Fortune also noted that California came out on top despite the fact that five companies fell off its list this year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 465. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The 2024 Fortune 500: These are Greater Cleveland’s largest companiesThe 2024 Fortune 500 list is out, and many Cleveland-area companies have made the cut. While Walmart is no. 1 nationally.
Source: clevelanddotcom - 🏆 301. / 63 Read more »