ELI5: Explain Like I'm 5

Fortune Global 500

Imagine there are 500 very big and important companies in the whole world. These companies are so powerful and rich that they are like the kings and queens of the business world. They make a lot of money and have a lot of workers who help them make their products or sell their services.

Every year, some clever people who know a lot about business look at the finances of all these big companies and they figure out who is the richest and most important of all of them. They make a big list called the "Fortune Global 500" and they put the companies in order from the most rich and important to the least rich and important.

The companies on this list are very respected and admired by other people who work in business. It's like being really good at a game and getting a prize for it!