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Fortune

Paige McGlauflin

Fewer Fortune 500 companies are run by their founders in 2023

Mark Zuckerberg Airbnb Bom Kim Brian Chesky Eric Wu Howard Schultz Reed Hastings Coupang Facebook Inc. Harvard Business School

Mark Zuckerberg, chief executive officer of Facebook Inc. (now Meta), speaks during the remote opening bell ringing cerermony for the opening of trading at the Nasdaq MarketSite on Friday, May 18, 2012. Facebook Inc. started trading that day, following its initial public offering. (Credit: Bloomberg / Contributor—Getty Images)

It’s not easy being king. This sentiment is particularly true for Fortune 500 founder-CEOs.

Just 18 run companies on the 2023 Fortune 500, a drop from 21 last year. In all, six founder-CEOs departed the list this year, and three joined the ranks.

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