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They don’t. California has 57 New York and Texas are at 52 Source: https://www.gov.ca.gov/2024/06/04/icymi-california-is-now-home-to-the-most-fortune-500-com

• vitus 2y ago
  Notably, the 2024 list was released just yesterday, so I wouldn't fault anyone for not having seen that yet. Texas was in the lead for a couple of years, but honestly it's so close that I don't think it's interesting to assert that "X state has the most big companies according to some magazine's list!". CA, NY, and TX are all huge states with long-standing business investment. That's not changing any time soon.
  • testfrequency 2y ago
    I get it, but the fact is…California is currently #1. As an aside, I do find it still impressive given the number of high profile companies that relocated, and the fact that there’s a constant news doom agenda against California. All this to say, it’s a healthy reminder of just how much California matters to the US and global economy