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Who Makes up the Fortune 500 Companies?

Landing on the Fortune 500 is a pie-in-the-sky dream of many business owners. The most profitable U.S. companies that make up the latest list collectively employ 27.9 million individuals across the world and represent $840 billion in profits and $12 trillion in revenues. Who are these business dynamos and where are many of them based?

The Top 10
In June 2016, Fortune magazine took a look at 2015's top moneymakers, most of which are household names. The No. 1 spot goes to the Arkansas-based big-box retailer Wal-Mart, followed by oil and gas giant Exxon Mobil, tech innovator Apple, insurance and investment outfit Berkshire Hathaway, and pharmaceutical distributor McKesson. Health care companies, auto manufacturers and a communications company round out the top 10.

Hot Areas for Headquarters
Many Fortune 500 company headquarters are on the East Coast -- from Comcast (No. 37) in Philadelphia, Pennsylvania; to JetBlue Airlines (No. 405) in Long Island City, New York; to General Electric (No. 11) in Fairfield, Connecticut.

The Midwest also houses several successful centers of operation, including Motorola Solutions (No. 451) in Schaumburg, Illinois; Harley-Davidson (No. 432) in Milwaukee, Wisconsin; and Dow Chemical (No. 56) in Midland, Michigan.

How States Rank for Business
Knowing where a state ranks on business matters and understanding their differing approaches to incentives, tax rates and more may narrow down where to move next, even if a job isn't waiting for you upon arrival. According to Chief Executive magazine's "Best and Worst States for Business," Texas is the most beneficial, pro-growth spot for business owners, while California ranks lowest.

Have more questions? Contact us.

Wiser Wealth Management, Inc. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.

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