10 Markets with the Most Fortune 500 Headquarters in 2023
The nation’s 500 biggest revenue-generating businesses produced a total of roughly $18.1 trillion in revenue during 2022, an increase of 13% from 2021, according to the recently released Fortune 500 rankings. That revenue figure represents roughly two-thirds of the nation’s gross domestic product. Although New York continues to rank as the nation’s top market for Fortune 500 headquarters, the numbers of those prestigious companies have been declining. New York laid claim to the headquarters of 47 Fortune 500 companies in the 2023 ranking, down one company from 2022’s list and down five companies over the past five years. The #2 market in the nation was Chicago, home to 31 Fortune 500 companies after losing four top businesses. Two big Texas markets – Houston (#3) and Dallas (#4) – have 25 and 22 Fortune 500 headquarters, respectively. Both Houston and Dallas gained one company over the past year. San Jose landed in the #5 spot, after gaining three Fortune 500 headquarters, taking its count to 20. Washington, DC overtook Atlanta after gaining two companies in the past year for the #6 ranking with 18 Fortune 500 headquarters. Atlanta lost one company and moved down to the #7 slot with 16 Fortune 500 businesses. Boston, Minneapolis and San Francisco tied at #8, all three with 14 companies. Boston and Minneapolis each lost one company, while San Francisco gained one.
