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5 days ago

California loses Fortune 500 crown to Texas as billionaire tax threat looms

A shifting economic landscape has culminated in Texas, dethroning California as the nation's premier hub for Fortune 500 companies.Data from the 2026 Fortune 500 list show Texas leading with 57 headquarters, compared with California’s 56, marking a reversal from two years ago, when California held the lead.Additionally, corporations in Texas generated $2.8 trillion in revenue, while those in California reported $2.7 trillion in revenue."Texas is the undisputed headquarters of headquarters," Texas Gov. Greg Abbott said in a press release reacting to the news. "The world’s leading businesses inv...