#287 Sonic Automotive|10 Facts|Fortune 500|Top companies in United States
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• What is Fortune 500?
The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held 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. The Fortune 500 is more commonly used than its subset Fortune 100 or wider list Fortune 1000.
• How to make money from Fortune 500 Companies?
Every year, Fortune magazine compiles their Fortune 500 list of American companies. This list ranks 500 public and private American companies in terms of yearly revenue, or the money they earn from selling goods and services in a single year. They determine the revenue through documents provided to the public and interviews with key company officials about their revenue streams.
It’s safe to say that earning a position on the Fortune 500 is a pretty impressive feat. The companies on each yearly list make hundreds of millions, if not billions of dollars in a single year. What they do with that money and how it accounts for their profit is unique to each company. Yet the Fortune 500 is sort of like a list of the wealthiest people alive — only replace those people with corporations.
Today, Fortunate announced the top 10 earning companies on the Fortune 500. These American brands are well known throughout the world and brought it a minimum $150 billion in revenue during their 2016 financial year. Best of all, these 10 companies are all publicly traded, which means you can invest in them, too.
Before you invest in any of these companies, you should probably know what they make and how they bring in ungodly amounts of money. Fortunately, we took the liberty to examine each company in the Fortune Top 10 and see what makes them so much cash.