The 2019 Fortune 500 List: The Prize of Size

From industry dominating mergers to legacy second-acts, the world’s highest-revenue-generating companies make moves that reverberate. – Consider this fact: Just 500 companies—the ones on this year’s ­Fortune 500 list, to be precise—produced enough revenue last year to equal two-thirds of the entire economic output of the United States. Think about that a minute: just 500 companies. These same American businesses sold an astounding $13.7 trillion worth of goods and services, a record sum whether you measure it in nominal dollars or adjusted for inflation. But focus in on the numbers and you’ll discover something yet more remarkable: that just a tenth of these companies account for nearly half (48%) of that total revenue. Sharpen your microscope a bit more, and you’ll see that profits among the group are more concentrated still—with a mere 40 companies responsible for 52% of the combined earnings. Twenty-seven of these household…

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