many fortune 500 companies are headquartered in new york city, as are many multinational corporations. one out of ten private sector jobs in the city is with a foreign company. new york city has been ranked first among cities around the world in getting capital, business, and tourists. new york city's role as the top global center for the advertising industry can be seen with "madison avenue". the city's fashion industry has about 180,000 employees with $11 billion in annual wages.