(2 of 2) 40 Percent of Fortune 500 Companies Founded by Immigrants or Their Children
Via: Forbes
We know about immigrant founders at large technology companies, such as Intel, Google and eBay. Less well known is how many immigrants and children of immigrants have founded other successful American companies.
A new report from the Partnership for a New American Economy found more than 40 percent of Fortune 500 companies were founded by immigrants or their children. Eighteen percent (or 90) of the 500 companies had immigrant founders. The children of immigrants started another 114 companies.
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The research shows the attribute of risk-taking that results in immigrants taking a chance on a new land in many cases can be passed along to their children.
Another argument for maintaining a legal immigration open to ambitious immigrants and their families.
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I’ve had the good fortune to live in many far-away places; from Brazil to Tokyo, from London to the Middle East.
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