Business

The World’s Top 750 Family Businesses Ranking – 2022

The world’s biggest family businesses saw revenues and employee numbers fall in the latest Family Capital ranking of the top 750 in the world. The ranking revealed that total revenues for the top 750 fell to $10.31 trillion in 2020, from $10.36 trillion in 2019. Of course, the fall is likely to be predominately due to the COVID-19 pandemic, which hurt many businesses worldwide. See Below For The Top 750. 

The pandemic also took its toll on employment across the globe, which was reflected in the fall in the number of employees among the top 750. Aggregate employment among the top 750 fell 7.4% to 31.2 million, compared with 33.6 million in our last survey.  

Despite the overall fall in employment and revenues in 2020, there were some big differences in the regions, with revenues actually rising for family businesses in North America to $3.26 trillion in 2020, from $3.12 trillion in 2019. And European family businesses saw revenues rise to $3.93 trillion in the same time period. 

“Family businesses have proven their agility and resilience during the crisis and recovered quickly,” says Peter Englisch, global family business and EMEA entrepreneurial and private business leader for PwC. “One important factor was their values and long-term commitment to keep their employees and manage customer relationships.”

But falls were recorded in the Asia-Pacific region, Latin America, and the Middle East – the latter saw revenues almost halve, to $47 billion from $85 million in the same time period.

Europe remains the biggest region for the share of family businesses in the world, comprising just over 43% of the top 750, with 325 based in the region. That’s up from 298 from last year’s survey. But the US has more family businesses in the top 750 with 161 and revenues of $2.9 trillion, followed by Germany with 103 and revenues of $1.7 trillion. 

A breakdown of industrial grouping shows that the wider food sector (Food Products and Food & Staples) comprise the biggest proportion of the top family businesses, with an aggregate of 123 in those sectors. This is followed by Industrial Conglomerates, with 57, and Retail at 40.   

Revenues by industry sector show a slightly different picture as the highest revenue were generated in the Food and Staples sector with $1.2 trillion, followed by Industrial Conglomerates and then Food Products. The Automobiles sector was in fourth place with aggregate revenues of $658 billion, but the sector only comprised 10 companies.

To qualify for the ranking, the family or group of families would have to control at least 50% of the voting shares in a privately held company and at least 30% of the voting rights in a publicly listed company.

Please click here for the full Methodology

 

The World’s Top 750 Family Businesses Ranking - 2022

wdt_ID Rank Company Owner Shareholding Founded Country Public/Private Revenues $ m Employees
1 1 Walmart Inc. Walton 47.1 1962 United States Public 559,151.0 2,300,000
2 2 Volkswagen AG Porsche and Piech 53.3 1937 Germany Public 284,544.5 672,789
3 3 Berkshire Hathaway Inc. Buffet 37.3 1955 United States Public 276,094.0 372,000
4 4 Schwarz Group (Lidl, Kaufland, SDL, SZD) Schwarz 100.0 1930 Germany Private 142,499.7 550,000
5 5 Ford Motor Co. Ford 40.0 1903 United States Public 136,341.0 183,000
6 6 Gunvor Group Ltd. Törnqvist 88.4 2000 Switzerland Private 135,000.0 1,500
7 7 Cargill, Inc. Cargill and MacMillan 90.0 1865 United States Private 134,426.0 155,000
8 8 ALDI Group Albrecht 100.0 1948 Germany Private 133,113.1 234,560
9 9 Tata Sons Private Ltd. Tata 66.0 1868 India Private 128,000.0 935,000
10 10 Bayerische Motoren Werke AG (BMW) Quandt and Klatten 46.7 1916 Germany Public 126,508.6 118,909
11 11 Comcast Corp. Roberts 33.3 1963 United States Public 116,385.0 189,000
12 12 Koch Industries, Inc. Koch 100.0 1940 United States Private 115,000.0 120,000
13 13 Dell Technologies Inc. Dell 72.0 1984 United States Public 86,670.0 158,000
14 14 SK Group Chey 32.7 1953 South Korea Public 82,545.6 114,842
15 15 Country Garden Holdings Co. Ltd. Yang 62.0 1992 China Public 82,338.6 150,353
16 16 ArcelorMittal S.A. Mittal 37.6 1976 Luxembourg Public 76,571.0 158,000
17 17 LVMH Moët Hennessy - Louis Vuitton, Société Européenne Arnault 47.4 1987 France Public 73,029.7 157,953
18 18 Roche Holding AG Hoffmann, Oeri and Duschmalé 45.0 1896 Switzerland Public 72,234.8 100,920
19 19 China Evergrande Group Hui 65.8 1996 China Public 71,751.6 163,119
20 20 Pacific Construction Group Co. Ltd. Yan 100.0 1995 China Private 64,037.7 295,281
21 21 Reliance Industries Ltd. Ambani 47.4 1973 India Public 63,822.2 236,334
22 22 JBS S.A. Batista 43.2 1953 Brazil Public 62,942.3 250,000
23 23 LG Electronics Inc. Koo 30.8 1947 South Korea Public 62,730.2 75,000
24 24 A.P. Møller - Mærsk A/S Møller/Mærsk Mc-Kinney Uggla 69.9 1904 Denmark Public 61,787.0 95,000
25 25 INEOS Group Holdings S.A. Ratcliffe, Reece and Currie 100.0 1998 Luxembourg Private 61,000.0 26,000
Rank Company Owner Shareholding Founded Country Public/Private Revenues $ m Employees

 

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One response to “The World’s Top 750 Family Businesses Ranking – 2022

  1. How can I download or view the list of 750 (even 25 at a time) in a view friendly version? I can’t view all the lines across in a view friendly manor which is frustrating.

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