Ranking of the 500 largest family businesses globally

largest family businesses by revenue

US$ 0.0t

aggregate revenues

0.0m

employees

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How the world’s 500 largest family businesses build and sustain value

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A ranking of the largest 500 family businesses by revenue.

Revenues(3.5 - 648.1 b.)

Founding year(1610 - 2007)

Voting control(32 - 75%)


Rank	Company	Jurisdiction	Revenue (US$ b)	Founding Year	Industry	Type	Employees	Family	Voting control (%)
1	Walmart Inc.	United States	648.13	1962	Retail	Public	2,149,000	Walton	≥32
2	Volkswagen Group	Germany	356.71	1937	Mobility	Public	684,000	Porsche / Piëch	≥50
3	Schwarz Group	Germany	179.09	1930	Retail	Private	575,000	Schwarz	≥75
4	Cargill, Inc.	United States	177.00	1865	Consumer Products	Private	160,000	Cargill-MacMillan	≥75
5	Ford Motor Company	United States	176.19	1903	Mobility	Public	177,000	Ford	≥32
6	Bayerische Motoren Werke AG (BMW)	Germany	168.12	1916	Mobility	Public	155,000	Quandt	≥32
7	Tata Sons Ltd.	India	165.00	1917	Advanced Manufacturing	Private	1,028,000	Tata	≥75
8	Koch Industries, Inc.	United States	125.00	1940	Oil & Gas	Private	120,000	Koch	≥75
9	Comcast Corporation	United States	121.57	1963	Telecommunications	Public	186,000	Roberts	≥32
10	Reliance Industries Ltd.	India	109.90	1966	Oil & Gas	Public	389,000	Ambani	≥32
11	SK Inc.	South Korea	101.38	1953	Technology	Public	118,000	Chey	≥32
12	Robert Bosch GmbH	Germany	99.99	1886	Advanced Manufacturing	Private	429,000	Bosch	≥75
13	LVMH Moët Hennessy Louis Vuitton	France	93.14	1987	Retail	Public	213,000	Arnault	≥50
14	MSC Group	Switzerland	92.60	1970	Mobility	Private	213,000	Aponte	≥75
15	ALDI SÜD Group	Germany	91.76	1913	Retail	Private	50,000	Albrecht	≥75
16	JBS S.A.	Brazil	72.92	1953	Consumer Products	Public	270,000	Batista	≥32
17	Idemitsu Kosan Co. Ltd.	Japan	69.88	1911	Oil & Gas	Public	14,000	Idemitsu	≥32
18	ArcelorMittal S.A.	Luxembourg	68.28	1976	Mining & Metals	Public	127,000	Mittal	≥32
19	Koç Holding	Türkiye	67.79	1926	Oil & Gas	Public	119,000	Koç	≥50
20	Roche Holding Ltd.	Switzerland	67.23	1896	Life Sciences	Public	104,000	Hoffmann / Oeri	≥50
21	Aditya Birla Management Corporation	India	66.00	1857	Advanced Manufacturing	Private	187,000	Birla	≥75
22	INA-Holding Schaeffler GmbH & Co. KG	Germany	65.67	1946	Mobility	Private	305,000	Schaeffler	≥75
23	LG Corp.	South Korea	64.68	1947	Technology	Public	15,000	Koo	≥32
24	Country Garden Holdings	China	63.96	1992	RE, Hospitality & Construction	Public	70,000	Yang	≥50
25	AnheuserBusch InBev	Belgium	59.38	1852	Consumer Products	Public	155,000	De Spoelberch / De Mévius / Van Damme	≥32
26	Tyson Foods, Inc.	United States	52.88	1935	Consumer Products	Public	139,000	Tyson	≥50
27	PHOENIX Pharma SE	Germany	51.38	1994	Life Sciences	Private	48,000	Merckle	≥75
28	A.P. Møller - Mærsk A/S	Denmark	51.07	1904	Mobility	Public	106,000	Maersk	≥50
29	Louis Dreyfus Company B.V.	Netherlands	50.62	1851	Consumer Products	Private	18,000	Dreyfus	≥50
30	Enterprise Products Partners L.P.	United States	49.72	1968	Oil & Gas	Public	6,000	Duncan	≥32
31	Exor Group	Italy	48.37	1899	Banking & Capital Markets	Public	84,000	Agnelli	≥75
32	América Móvil, S.A.B. de C.V.	Mexico	48.30	2000	Telecommunications	Public	176,000	Slim	≥50
33	Mars, Incorporated	United States	47.00	1911	Consumer Products	Private	125,000	Mars	≥75
34	CMA CGM Group	France	47.00	1978	Mobility	Private	146,000	Saadé	≥50
35	Rongsheng Petrochemical Co. Ltd.	China	45.97	1995	Consumer Products	Public	19,000	Li	≥50
36	Meritz Financial Group Inc.	South Korea	44.97	1945	Insurance	Public	<1,000	Cho	≥32
37	George Weston Ltd.	Canada	44.56	1882	Retail	Public	220,000	Weston	≥50
38	L'Oréal Groupe	France	44.53	1909	Consumer Products	Public	95,000	Bettencourt	≥32
39	H.E. Butt Grocery Company (H-E-B)	United States	43.60	1905	Retail	Private	154,000	Butt	≥75
40	Hanwha Corporation	South Korea	40.81	1952	Advanced Manufacturing	Public	5,000	Kim	≥32
41	Reyes Holdings LLC	United States	40.00	1976	Retail	Private	36,000	Reyes	≥75
42	Heineken N.V.	Netherlands	39.71	1864	Consumer Products	Public	90,000	de Carvalho-Heineken	≥50
43	Inditex Group	Spain	38.91	1963	Retail	Public	161,000	Ortega	≥50
44	Enterprise Mobility	United States	38.00	1957	Professional Firms & Services	Private	90,000	Taylor	≥75
45	Sonepar (Société de Négoce et de participation)	France	36.35	1969	Retail	Private	45,000	Coisne	≥75
46	Jardine Matheson Holdings Ltd.	Hong Kong SAR	36.05	1832	Wealth & Asset Management	Public	443,000	Keswick	≥32
47	Groupe Auchan S.A.	France	35.92	1961	Consumer Products	Private	155,000	Mulliez	≥75
48	Mercadona SA	Spain	35.87	1977	Retail	Private	104,000	Roig	≥75
49	C&S Wholesale Grocers, Inc.	United States	34.70	1918	Retail	Private	15,000	Cohen	≥75
50	Lennar Corporation	United States	34.23	1954	RE, Hospitality & Construction	Public	12,000	Miller	≥32
51	Rajesh Exports Ltd.	India	33.91	1988	Consumer Products	Public	<1,000	Mehta	≥50
52	Jerónimo Martins SGPS	Portugal	33.09	1792	Retail	Public	134,000	Soares dos Santos	≥50
53	Itaú Unibanco Holding S.A.	Brazil	32.97	1924	Banking & Capital Markets	Public	93,000	Moreira Salles / Souza Aranha	≥32
54	Groupe Lactalis	France	32.20	1933	Consumer Products	Private	86,000	Besnier	≥75
55	CJ Corporation	South Korea	31.65	1953	Consumer Products	Public	67,000	Lee	≥32
56	Antarchile S.A.	Chile	30.77	1989	Banking & Capital Markets	Public	41,000	Angelini	≥50
57	Paramount Global	United States	29.65	1986	Media & Entertainment	Public	22,000	Redstone	≥75
58	Penske Automotive Group	United States	29.53	1969	Mobility	Public	28,000	Penske	≥32
59	Power Corporation of Canada	Canada	29.24	1925	Insurance	Public	40,000	Desmarais	≥50
60	Heraeus Group	Germany	28.00	1851	Technology	Private	15,000	Heraeus	≥75
61	C.H. Boehringer Sohn AG & Co. KG	Germany	27.96	1885	Life Sciences	Private	54,000	Boehringer	≥75
62	Kühne + Nagel International AG	Switzerland	26.53	1890	Mobility	Public	75,000	Kuehne	≥50
63	Love's Travel Stops & Country Stores	United States	26.50	1964	Retail	Private	40,000	Love	≥75
64	WH Group Ltd.	Hong Kong SAR	26.24	1984	Consumer Products	Public	101,000	Wan	≥32
65	Southern Glazer’s Wine & Spirits	United States	26.00	1968	Retail	Private	24,000	Glazer / Chaplin	≥50
66	Ultrapar Participações S.A.	Brazil	25.98	1937	Oil & Gas	Public	10,000	Igel	≥32
67	Fairfax Financial Holdings	Canada	25.80	1985	Insurance	Public	51,000	Watsa	≥32
68	CP ALL Plc.	Thailand	25.74	1921	Retail	Public	85,000	Chearavanont	≥32
69	SHV Holdings N.V.	Netherlands	24.84	1896	Wealth & Asset Management	Private	53,000	Fentener van Vlissingen	≥75
70	RETHMANN Group	Germany	24.75	1934	Power & Utilities	Private	96,000	Rethmann	≥75
71	Great Wall Motor (GWM)	China	24.49	1976	Mobility	Public	82,000	Wei	≥50
72	Sodexo S.A.	France	23.98	1966	Consumer Products	Public	430,000	Bellon	≥50
73	Marriott International, Inc.	United States	23.71	1927	RE, Hospitality & Construction	Public	411,000	Marriott	≥75
74	Henkel AG & Co. KGaA	Germany	23.26	1876	Consumer Products	Public	48,000	Henkel	≥50
75	Cox Enterprises, Inc.	United States	23.00	1898	Telecommunications	Private	50,000	Cox	≥75
76	Formosa Petrochemical Corporation	Taiwan	22.87	1954	Oil & Gas	Public	5,000	Wang	≥75
77	Empire Company Ltd.	Canada	22.77	1963	Retail	Public	128,000	Sobey	≥75
78	Liberty Media Corporation	United States	22.75	1965	Media & Entertainment	Public	6,000	Malone	≥32
79	Merck KGaA	Germany	22.70	1668	Life Sciences	Public	63,000	Merck	≥50
80	Grupo Bimbo, S.A.B. de C.V.	Mexico	22.51	1945	Consumer Products	Public	114,000	Servitje	≥50