When it comes to running the “perfect meeting,” Amazon’s founder Jeff Bezos thinks he’s cracked the code—and now the company he built has just cracked the top of the Fortune 500, too. With $716.9 billion in full‑year revenue, Amazon has finally dethroned Walmart to become No. 1 on Fortune’s list for the first time, ending the retailer’s 13‑year run at the top.
It’s a seismic shift in American corporate history. Walmart has held the No. 1 spot for 21 of the past 24 years. But Amazon’s relentless machine, built on Bezos’s strict management philosophy—including no PowerPoints in meetings—has finally overtaken it.
