United States | 2024 New American Fortune 500 report released

The American Immigration Council (AIC) released their New American Fortune 500 report for 2024. The report reflects the important role immigrants and their children play in founding many of the most successful companies in the United States.

Key Points:

• The new report shows that, in 2024, 46% of Fortune 500 companies were founded by immigrants or their children. This percentage is the highest in the report’s history.
  • 108 companies were founded by immigrants
  • 123 companies were founded by children of immigrants
• AIC defines “New American” companies as those founded by immigrants or the children of immigrants. The council has published reports since 2011 documenting the percentage of Fortune 500 companies that qualify as New American.

Additional Information: “The New American Fortune 500 companies are clear proof of not only immigrant success and contributions to America but also the extraordinary potential that exists for all Americans in meaningful immigration reform,” AIC stated in the report. Further details about the companies that made the list and their economic impact in the U.S. are available here.

This alert has been provided by the BAL U.S. Practice Group.

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