Fortune (magazine) facts for kids
| Founder | Henry Luce |
|---|---|
| Founded | 1929 |
| First issue | February 1930 |
| Country | United States |
| Based in | New York City |
| Language | English |
Fortune is a well-known magazine that talks about business and money. It's famous for creating special lists, especially the "Fortune 500." This list shows the biggest companies in the United States. The magazine helps people understand how big businesses work and what's happening in the world of money.
Contents
What is Fortune Magazine?
Fortune magazine is like a guide to the world of big companies. It shares news, stories, and ideas about businesses, leaders, and how the economy is doing. It was started a long time ago, in 1929, by a person named Henry Luce. The magazine helps people learn about important business trends and the people who run large companies.
The Famous Fortune 500 List
One of the most famous things Fortune magazine does is publish the "Fortune 500" list. This list ranks the 500 largest companies in the United States. Companies are ranked by how much money they make from selling their products or services. This is called their "revenue."
The Fortune 500 list is very important because it shows which companies are doing well. It also helps people understand the size and power of different industries. Being on the list is a big achievement for any company.
How Companies Make the List
To be on the Fortune 500 list, a company must be based in the United States. It must also have a very high amount of revenue. The magazine collects financial information from thousands of companies each year. Then, it carefully checks the numbers to create the final list. The list changes every year as companies grow, shrink, or new ones appear.
Who Started Fortune?
Fortune magazine was founded by Henry Luce. He was a very important person in American publishing. He also started other famous magazines like Time and Life. Luce wanted to create a magazine that looked at business in a serious and interesting way. He believed that understanding business was key to understanding the world.
Why is Fortune Magazine Important?
Fortune magazine is important for several reasons. It provides valuable information for business leaders, investors, and anyone interested in the economy. It helps people track the success of major companies. The magazine also shares stories about how businesses are changing and what challenges they face. It can inspire young people who are interested in starting their own businesses one day.
Images for kids
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A robot representing technology in business.
