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Simple English definitions for legal terms
Fortune 500
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A quick definition of Fortune 500:
Fortune 500: A list of the 500 biggest companies in the United States that is published every year in Fortune magazine. It shows which companies are the most successful and powerful in the country.
A more thorough explanation:
The Fortune 500 is a list of the 500 biggest companies in the United States. It is published every year by Fortune magazine.
For example, in 2021, the top three companies on the Fortune 500 list were Walmart, Amazon, and Exxon Mobil.
This list is important because it shows which companies are the most successful and influential in the country. It can also be used by investors to make decisions about where to put their money.