Business

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."

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