![]() ![]() New American Fortune 500 companies brought in more than $7 trillion (about $22,000 per person in the U.S.) of revenue in fiscal year 2021. The revenue generated by Fortune 500 companies founded by immigrants or their children is greater than the GDP of every country in the world outside the U.S., except China. On average, each New American Fortune company employs 67,580 workers per company, 21.4% more than the average number of workers at non-New American Fortune 500 firms. The number of workers employed at New American Fortune companies is a little larger than the state population of Pennsylvania-the fifth largest state in the country. Fortune 500 companies founded by immigrants or children of immigrants employ more than 14.8 million people worldwide. In our yearly report on the New American Fortune 500 companies-immigrant and children of immigrant founders from the Fortune 500 list-we made other key findings. ![]() This is also an increase from our first report on the New American Fortune 500, which found that 40% of the Fortune 500 in 2011 were founded by immigrants or the children of immigrants. When one includes the additional 117 companies founded by the children of immigrants, the share of the Fortune 500 list grows to nearly 44%. Over one in five fortune 500 companies (102) were founded by immigrants. Immigrant representation is again significant in this year’s New American Fortune 500 list. population, its estimated that a quarter (25%) of America’s entrepreneurs are immigrants. Even though immigrants constitute only 13.6% of the U.S. Some of the United States’ largest companies today were founded by immigrants or the children of immigrants, including Amazon, Apple, and Costco. Famously, the designer of the American financial system was an immigrant, Alexander Hamilton, a native of Nevis in the British West Indies. The history of immigrant entrepreneurship stretches back to the country’s founding. From Wall Street to Main Street, businesses started by immigrants have helped the U.S. ![]() America’s economic success is built on the world’s best and brightest coming to our shores bringing ingenuity, creativity, and determination. ![]()
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