In addition to being the world’s largest retailer, Walmart is also the world’s biggest family-controlled business, according to figures compiled by the Economist. Walmart’s revenue surpassed $476 billion in 2013 and it’s far ahead of the competition in the family business list. Four of the world’s top 10 are based in the United States. The others are based in Germany, Switzerland, the United Kingdom, Russia and Taiwan.
German automobile behemoth Volkswagen is the world’s second largest family business, recording $262 billion of revenue in 2013. Glencore rounds off the top three. The Anglo-Swiss multinational commodity firm’s revenue reached $233 billion last year.
Statistics and Facts about Volkswagen
The Volkswagen Group is a Germany-based carmaker which is counted among the leading vehicle manufacturing companies worldwide. In 2012, the company sold over nine million vehicles and generated about 254 billion U.S. dollars (or almost 193 billion euros) in revenue. Although VW is the group’s most prolific marque, the automotive company has acquired several other brands over the last years, the most notable ones being Audi, Bentley, SEAT, Porsche and Škoda. In addition to its commercial vehicle segment, the automobile firm also holds large stakes in Scania and MAN, two European manufacturers of commercial vehicles and engines. After Volkswagen Group’s market share dipped to 10.52 percent in 2006, the company began to intensify its efforts in order to increase Volkswagen’s share of the global passenger car market, which stood at 13.22 percent in 2011.
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