{"id":352294,"date":"2026-06-08T23:38:12","date_gmt":"2026-06-08T23:38:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/352294\/"},"modified":"2026-06-08T23:38:12","modified_gmt":"2026-06-08T23:38:12","slug":"texas-overtakes-california-in-fortune-500-headquarters-race","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/352294\/","title":{"rendered":"Texas Overtakes California in Fortune 500 Headquarters Race"},"content":{"rendered":"<p>The famous list shows the Lone Star State surpassing California with the most Fortune 500 companies<\/p>\n<p class=\"wp-block-paragraph\">Texas leads as the state with the most Fortune 500 companies, dethroning California.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">The 2026 Fortune 500 list shows Texas leading with 57 headquarters and California with 56, which is a reversal from two years ago when California was in the lead. Texas companies also generated $2.8 trillion in revenue while California companies had $2.7 trillion.<\/p>\n<p class=\"wp-block-paragraph\">\u201cTexas is the undisputed headquarters of headquarters,\u201d Texas Gov. Greg Abbott said in a press release responding to the list. \u201cThe world\u2019s leading businesses invest with confidence in Texas because of our welcoming business climate, predictable regulatory environment, and skilled and growing workforce. People and businesses are choosing Texas because Texas works.\u201d<\/p>\n<p class=\"wp-block-paragraph\">But California still \u201cdominates on nearly every other measure,\u201d according to a Fortune press release. \u201cIts Fortune 500 companies are the most profitable ($647 billion), most valuable ($20 trillion), and employ more people than any other state (2.8 million workers).\u201d The Golden State is also the headquarters of the most \u201cunicorns,\u201d or billion-dollar startups, of any other state at nearly 400, according to CB Insights.\u00a0<\/p>\n<p><a rel=\"noopener noreferrer nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/FortuneMagazine\/status\/2062146344215535752\"><\/p>\n<p class=\"wp-block-paragraph\">Some of the major Fortune 500 companies that have left California include Chevron, Oracle and Charles Schwab.<\/p>\n<p class=\"wp-block-paragraph\">Many billionaires and public figures have also moved their homes and businesses to Texas, including Uber co-founder Travis Kalanick, as well as Elon Musk and Mark Cuban.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">The economic shift comes as California faces high costs and concerns over proposed tax policies, including the one-time 5% wealth tax on the state\u2019s billionaires. The proposal, known as the California Billionaire Tax Act, would impose the tax on nearly 200 residents with assets exceeding $1 billion. The tax would be due in 2027, and taxpayers could spread the payments over five years with interest, according to the Legislative Analyst\u2019s Office.\u00a0<\/p>\n<p class=\"has-text-align-center is-style-altfont has-secondary-color has-text-color has-link-color has-xs-font-size wp-elements-a392843e06eac12cec56e735f4f8219f has-lg-margin-top wp-block-paragraph\" style=\"letter-spacing:1px;text-transform:uppercase\">Scroll to continue reading<\/p>\n<p class=\"wp-block-paragraph\">The Service Employees International Union\u2013United Healthcare Workers West (SEIU-UHW) said it received more than 1.55 million signatures, which is nearly double the 875,000-signature requirement to place the act on the California ballot.<\/p>\n<p class=\"wp-block-paragraph\">Walmart fell to the number two position on the list for the first time in 13 years as Amazon took the top spot. Together, Fortune 500 companies represent two-thirds of the U.S. GDP, combining for $21 trillion in revenue and $2.1 trillion in profits last year.\u00a0<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"The famous list shows the Lone Star State surpassing California with the most Fortune 500 companies Texas leads&hellip;\n","protected":false},"author":2,"featured_media":352295,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[7,9,8,3720,1611,10938,143960,6079,564],"class_list":["post-352294","post","type-post","status-publish","format-standard","has-post-thumbnail","category-california","tag-california","tag-california-headlines","tag-california-news","tag-chevron","tag-elon-musk","tag-greg-abbott","tag-mark-cuban","tag-oracle","tag-texas"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/352294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=352294"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/352294\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/352295"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=352294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=352294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=352294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}