The Fortune 500 is an annual list compiled and published by Fortune magazine that ranks 500 of the largest United States corporations by total revenue for their respective fiscal years. The list includes publicly held companies , along with privately held companies for which revenues are publicly available. The concept of the Fortune 500 was created by Edgar P. Smith, a Fortune editor, and the first list was published in 1955. The Fortune 500 is more commonly used than its subset Fortune 100 or superset Fortune 1000 .
7-675: Allied Waste Industries, Inc. was a Fortune 500 company headquartered in Phoenix, Arizona . A vertically integrated company that owned and operated solid waste collection businesses, recycling facilities, and landfills , it was a leader in the solid waste industry in the United States . It served more than 10 million residential, commercial and industrial customers across 128 major markets in 37 states and Puerto Rico . After purchasing Houston -based giant waste hauler Browning-Ferris Industries (BFI) in 1999, together with private equity firms
14-551: The Blackstone Group and Apollo Management ., Allied Waste Industries, Inc. became the second largest non-hazardous solid waste management company in the United States (behind industry leader Waste Management, Inc. ), with annual revenues of over $ 5 billion and assets of nearly $ 14 billion. On June 23, 2008, Allied was purchased by its smaller competitor Republic Services, Inc for US$ 6.1 billion. The merged company, retaining
21-508: The Republic name, has become the second largest non-hazardous solid waste management company in the United States. The company had a plan to reduce its local carbon footprint by more than 3.3 million pounds each year in San Mateo County, California , by converting its monthly 80,000 gallons of petroleum diesel to B20 bio-diesel fuel. Allied Waste converted the local 225-truck fleet to
28-428: The United States' gross domestic product with approximately $ 14.2 trillion in revenue, $ 1.2 trillion in profits, and $ 20.4 trillion in total market value. These revenue figures also account for approximately 18% of the gross world product . The companies collectively employ a total of 29.2 million people worldwide, or nearly 0.4% of the world's total population . The following is the list of top 20 companies. This
35-559: The 50 largest commercial banks (ranked by assets), utilities (ranked by assets), life insurance companies (ranked by assets), retailers (ranked by gross revenues) and transportation companies (ranked by revenues). Fortune magazine changed its methodology in 1994 to include service companies. With the change came 291 new entrants to the famous list including three in the Top 10. As of 2020, the Fortune 500 companies represent approximately two-thirds of
42-760: The cleaner-burning B20. Allied Waste was a member of the Leadership in Energy and Environmental Design (LEEDS) Program which is outlined by the U.S. Green Building Council . John J. Zillmer, chairman and chief executive officer of Allied Waste, said, "Allied Waste has long been an active steward of our environment...we aim to employ environmentally responsible and sustainable practices." Allied Waste also implemented innovations such as gas-to-energy projects. Gas-to-energy converts waste gas from landfills into electricity which offsets conventional use of oil and natural gas. Fortune 500 The Fortune 500, created by Edgar P. Smith,
49-411: Was first published in 1955. The original top ten companies were General Motors , Jersey Standard , U.S. Steel , General Electric , Esmark , Chrysler , Armour , Gulf Oil , Mobil , and DuPont . The original Fortune 500 was limited to companies whose revenues were derived from manufacturing, mining, and energy exploration. At the same time, Fortune published companion " Fortune 50" lists of
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