Just a little family business? Not for these families
Family businesses tend to be small, but some of the world’s biggest started that way — and remain so. The Economist named some of the top ones, defining a family business as one in which the founder or founding family retained the power to appoint the CEO and was the largest shareholder, with at least an 18 percent ownership stake. Data came from Bloomberg, McKinsey and company reports.
You won’t be surprised at the leader, but you also might not think of some of the others as family concerns.
Company | Country | Sector | Annual revenue in $ billions, 2013 |
Wal-Mart | U.S. | Retail | 476 |
Volkswagen | Germany | Auto | 262 |
Glencore | Anglo-Swiss | Commodities | 233 |
Samsung | S. Korea | Electronics | 209 |
Exor | Italy | Finance/industry | 151 |
Ford | U.S. | Auto | 147 |
Lukoil | Russia | Oil | 141 |
McKesson | U.S. | Pharmaceuticals | 138 |
Foxconn | Taiwan | Electronics | 110 |
This story was originally published July 28, 2015 at 10:42 AM with the headline "Just a little family business? Not for these families."