TranQuill, Level 2, 28 University Avenue, CANBERRA, ACT, 2601
+61 (0) 26140 5311

What do Estée Lauder, Elon Musk, Henry Ford and Walt Disney have in common?

They are all immigrants, or the children of immigrants.

According to the Australian Financial Review, a study published in 2017 revealed that 43 per cent of companies in the Fortune 500 were founded or co-founded by immigrants or the children of immigrants (rising to 57 per cent in the top 35 companies). These 216 firms produced $US5.3 trillion ($7.7 trillion) in global revenue and employed 12.1 million workers.

This is not an isolated finding. Immigrants make disproportionate contributions to technology, patent production and academic science. A 2016 paper in the Journal of Economic Perspectives showed that US-based researchers had been awarded 65 per cent of Nobel Prizes over the preceding few decades. More than half were born abroad.

And we are not just talking about US Citizens either, this phenomenon applies to Australian migrants too. See this article from Executive Style for Australia’s most successful migrants: –

No Comments

Add your comment