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Walmart Leads List of Richest Family Owned Businesses in America


Wal-Mart Rehabilitates Its Image- A photograph of Wal-Mart founder Sam Walton and his family is displayed at the Wal-Mart museum,   March 17,   2005 in Bentonville,   Arkansas. The Museum was built in Walton's first store in downtown Bentonville in 1950. Based in the small town of Bentonville,   Arkansas (pop. 19,  730),   with 1,  5 million employees and earnings of 285 billions last year,   Wal-Mart has grown into the biggest corporation in the world since Sam Walton opened his first store in nearby Rogers,   Arkansas,   in 1962. Today Wal-Mart operates 3,  700 stores in the U.S. and 1,  607 abroad. The fiercely anti-union and media-shy company has recently become the target of critics regarding the treatment of its employees and the effects of its large and inexpensive stores on small local businesses. Wal-Mart is currently waging a battle to rehabilitate its image. (Photos by Gilles Mingasson/Getty Images)

 

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.

Infographic: The Richest Families in America | Statista

You will find more statistics at Statista

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