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List of the largest family businesses

From Wikipedia, the free encyclopedia

The following list contains the world's 50 largest family businesses by revenue. All data comes from the Family Business Index 500 report by the British auditing firm Ernst & Young and the University of St. Gallen, which lists the 500 largest family businesses in the world. All 500 companies on the list had a combined turnover of $7.3 trillion in 2020. Companies that have not published financial statements in the last 24 months are not included in the ranking.[1] In 2020, U.S. retailer Walmart was the largest family business company in the world, with sales of more than $500 billion.

Top 50

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The ranking only lists companies that are managed by the same family in at least the second generation. To qualify as a family business, family members must continue to be involved in the management of the company, either on the board of directors, in the executive management or on the supervisory board. In addition, the family must hold at least 50 percent of the shares or voting rights in private companies and at least 32 percent of the shares in public companies.[1]

Rank Company Country Revenue
in bn. US$ (2020)[2]
Family (shareholding)
1 Walmart  United States 559.1 Walton family (48.9%)
2 Berkshire Hathaway  United States 245.5 Buffett family (37.2%)
3 Exor  Italy 145.3 Agnelli family (53.0%)
4 Schwarz Group  Germany 140.0 Schwarz family (100%)
5 Ford Motor Company  United States 127.1 Ford family (40.0%)
6 BMW  Germany 122.2 Quandt family (46.8%)
7 Koch Industries  United States 115.0 Koch family (84.0%)
8 Cargill  United States 114.6 Cargill-Macmillan family (85.0%)
9 Comcast  United States 103.6 Roberts family (33.8%)
10 Dell Technologies  United States 94.2 Dell family (75.0%)
11 Robert Bosch GmbH  Germany 87.0 Bosch family (100%)
12 Reliance Industries  India 79.5 Ambani family (44.3%)
13 SK Group  South Korea 73.9 Chey family (32.7%)
14 Country Garden  China 71.1 Yang Guoqiang family (59.3%)
15 Schaeffler Group  Germany 70.5 Schaeffler family (100%)
16 Roche Holding  Switzerland 68.5 Hoffman and Oeri families (50.1%)
17 LG Corporation  South Korea 58.1 Koo family (33.7%)
18 LVMH  France 54.8 Arnault family (47.5%)
19 George Weston Limited  Canada 54.7 Weston family (53.2%)
20 Aditya Birla Group  India 53.5 Birla family (100%)
21 ArcelorMittal  Luxembourg 53.3 Mittal family (35.6%)
22 JBS S. A.  Brazil 52.2 Batista family (35.8%)
23 América Móvil  Mexico 51.0 Slim family (52.9%)
24 Gunvor  Switzerland 50.0 Törnqvist family (100%)
25 Anheuser-Busch InBev  Belgium 49.7 Sicupira, Telles und Lemann families (33.6%)
26 Hanwha Group  South Korea 46.8 Kim family (38.1%)
27 Midea Group  China 43.5 He family (32.0%)
28 Tyson Foods  United States 43.2 Tyson family (70.6%)
29 Idemitsu Kōsan  Japan 42.0 Idemitsu family (37.6%)
30 Groupe Casino  France 41.8 Naouri family (56.5%)
31 A. P. Møller-Mærsk  Denmark 40.0 Mærsk Mc-Kinney Uggla family (70.6%)
32 Power Corporation of Canada  Canada 39.5 Desmarais family (50.6%)
33 Auchan  France 38.9 Mulliez family (95.0%)
34 Nike  United States 37.4 Knight family (84.2%)
35 Mars Incorporated  United States 37.0 Mars family (100%)
36 Aldi  Germany 35.6 Albrecht family (100%)
37 Reyes Holdings  United States 35.0 Reyes family (100%)
38 Tata Motors  India 34.9 Tata family (46.4%)
39 Porsche  Germany 34.6 Porsche-Piëch family (58.3%)
40 CK Hutchison Holdings  Hong Kong 34.4 Li family (56.2%)
41 L’Oréal  France 33.6 Bettencourt-Meyers family (33.2%)
42 Louis Dreyfus Company  Netherlands 33.6 Louis-Dreyfus family (96.0%)
43 Phoenix Pharmahandel  Germany 33.0 Merckle family (100%)
44 Penske Corporation  United States 32.0 Penske family (60.0%)
45 CMA CGM  France 31.5 Saadé family (74.1%)
46 H-E-B Grocery  United States 31.2 Butt family (100%)
47 Mercadona  Spain 29.8 Roig family (100%)
48 Bolloré  France 29.7 Bolloré family (75.4%)
49 Pilot Flying J  United States 29.5 Haslam family (50.1%)
50 CJ Group  South Korea 29.4 Lee family (44.8%)

References

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  1. ^ a b magazin, manager. "Die Top Ten der größten Familienunternehmen weltweit". www.manager-magazin.de (in German). Retrieved 3 October 2021.
  2. ^ "EY and University of St.Gallen Global Family Business Index".