Economy & Politics

RankingThe largest family businesses in the world

Family businesses are often located in the middle class. The descendants of the founder are in charge of the largest corporation in the world. Quality, tradition and foresight are naturally often capitalized in family-run companies. If there is then the necessary urge to innovate, a family business can still be the industry leader over 100 years after it was founded. Family-run companies are particularly successful in the USA and Germany. They have nine of the top ten places in the ranking of the largest family businesses in the world by EY and the University of St. Gallen.

The most successful family businesses worldwide

For the “Family Business Index”, 500 companies were rated according to their turnover. The analysts took into account companies that are to a considerable extent family-owned (over 50 percent in private companies and at least 32 percent in public companies) and in which at least one family member is active on the company management or on the board of directors. Companies with founder CEOs were disregarded. For the experts, it is only a truly family-run company when the founder’s children or nieces and nephews take over the helm. The youngest company in the top 10 was founded in 1962.

The third edition of the “Family Business Index” was published in 2019. The experts attested family businesses to stronger growth. Their total sales increased by 9.9 percent compared to the previous ranking from 2017. That of the Fortune 500 companies only increased by 8.6 percent in the same period.

These are the largest family businesses in the world

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