1. *Wal-Mart Stores
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44. *Magna International (46) Stronach/Ontario, Canada Industry: Auto parts Revenues: $12.971 billion Employees: 73,000 www.magnaint.com Huge and diverse auto parts maker, also real estate and horse- and sports-betting businesses. Founded and controlled by Frank Stronach, now run by his daughter Belinda Stronach. 45. Otto Group (28) Otto/Hamburg, Germany Industry: Catalogs, retailing Revenues: $12.461 billion Employees: 79,137 www.otto.de Otto Versand, world’s largest mail-order concern (and first to go online, featuring same-day food delivery via Internet), is 65% owned by chairman and CEO Michael Otto, 62, and his family. Family separately also owns U.S. catalog marketer Spiegel, U.S. home furnishings retailer Crate & Barrel. 46. *Comcast (57) Roberts/Philadelphia Industry: Broadcasting Founded: 1963 Revenues: $12.46 billiob Employees: 82,000 www.comcast.com Belt manufacturer Ralph Roberts launched cable TV service in Tupelo, Miss. Today Comcast is nation’s largest cable company, with 21.3 million subscribers following merger with AT&T Broadband. Roberts family owns only 2% of stock but controls 33% of voting stock. Ralph, 82, turned presidency to son Brian 1990, most of family’s stock to Brian 1998. Brian, 43 and CEO, proved worthy: He convinced Bill Gates to invest $1 billion in Comcast (1997). 47. *Sodexho Alliance (48) Bellon/Montigny-le-Bretonneux, France Industry: Food services Revenues: $12.378 billion Employees: 315,141 www.sodexho.com World’s second-largest contract food service provider (after Compass Group), serving corporations, colleges, hospitals and public institutions in 70 countries. Chairman and CEO Pierre Bellon and family own about 40% of tcompany. 48. *Winn-Dixie Stores (38) Davis/Jacksonville, Fla. Industry: Supermarkets Founded: 1925 Revenues: $12.168 billion Employees: 99,200 www.winn-dixie.com Founder William Milton Davis purchased grocery in Lemon City, Fla., for $10,000 1925. His four sons took over nine years later, renamed company 1955 (“To win Dixie was our ambition”) and built it into Sunbelt’s largest grocery chain: 1,070 Winn-Dixie, Thriftway and Marketplace stores in 12 states and the Bahamas. Founder’s descendants own about 41%; three of them sit on Winn-Dixie’s board, headed by chairman A. Dano Davis. 49. Power Corporation of Canada (43) Desmarais/Montreal, Canada Industry: Mutual funds, utilities Revenues: $12.061 billion Employees: 28,000 www.powercorp.ca Holding company founded in 1920s to develop hydroelectric power; controls one of Canada’s leading mutual fund firms (Investors Group), one of its largest life insurers (Great-West Lifeco); and other financial services firms. Former chairman Paul Desmarais owns about 65% of company; sons Paul and André are co-CEOs. 50. Ikea (52) Kamprad/Helsingborg, Sweden Industry: Furniture Revenues: $11.779 billion Employees: 75,500 www.ikea.com Founder Ingvar Kamprad, 77, launched company 1943, opened first store in Sweden 1958; now one of world’s top furniture retailers with 175 Scandinavian-style home furnishings stores in 30 countries. Name is acronym for founder and his boyhood home, Elmtaryd, Agunnaryd. Company owned by Kamprad’s Netherlands-based charitable foundation, Stichting Ingka. Three sons in 30s by second wife (Peter, Jonas, Matthias) have worked at company but seem unlikely successors. Kamprad family also owns Ikea’s prime competitor, Habitat, with $800 million sales. 51. Gerling-Konzern Versicherungs-Beteiligungs AG (60) Gerling/Cologne, Germany Industry: Insurance Revenues: $11.73 billion Employees: 12,500 www.gerling.com Holding company (founded 1904) for group of insurance and reinsurance carriers that provide credit, health, life and property/casualty insurance in some 30 countries on six continents (although nearly half its business is in Germany). Rolf Gerling, grandson of founder Robert Gerling, is majority shareholder. 52. Bechtel Group (32) Bechtel/San Francisco Industry: Engineering and construction Founded: 1898 Revenues: $11.6 billion Employees: 47,000 www.bechtel.com World’s largest construction company started by rancher Warren A. (“Dad”) Bechtel, who built railroads in Oklahoma and moved to California 1914. His son Stephen Sr. built Liberty ships for government, World War II; Stephen Jr., now 78, took over 1965, established reputation for megaprojects: airports; nuclear plants; trans-Alaska pipeline; Washington, D.C., subway; the Chunnel; “new city” of Jubail, Saudi Arabia, etc. His son Riley Bechtel, 51, has been president since 1989. 53. *Comp. Brasileira de Distribuic (109) Diniz/São Paulo, Brazil Industry: Retailing Founded: 1948 Revenues: $11.2 billion Employees: 50,106 www.grupopaodeacucar.com.br Brazil’s second-largest retailer: operates the Pao de Acucar and Barateiro supermarket chains. Founding Diniz family owns majority of voting shares; three family members in top management. 54. Meijer (51) Meijer/Grand Rapids, Mich. Industry: Retailing and groceries Founded: 1934 Revenues: $10.9 billion Employees: 83,402 www.meijer.com Dutch immigrant Hendrik Meijer opened barber shop 1914, added groceries to help pay rent. Son Frederik Meijer, now 83, pioneered “one-stop shopping” concept in 1960s, expanded chain to 160 mega-stores in Midwest today. Still family-owned. Founder’s grandson Hendrik (“Hank”) Meijer, 50, is CEO; Doug Meijer, 48, is co-chairman. 55. Suntory Ltd. (49) Saji, Torii/Osaka, Japan Industry: Liquor Revenues: $10.87 billion Employees: 4,870 www.suntory.co.jp Keizo Saji (d. 1999) built father’s small brewery into Japan’s top whiskey distiller, also food conglomerate. In 1990 he handed reins to nephew Shinichiro Torii. Family owns 90% of company. 56. *Heineken (NR) Heineken/Amsterdam, Netherlands Industry: Brewing Revenues: $10.788 billion Employees: 48,237 www.heinekeninternational.com Global brewing giant sells beer in more than 170 nations. Heineken is second-leading imported brand in U.S. (behind Grupo Modelo’s Corona). Its other global brands include Amstel and Murphy’s. Charlene de Carvalho inherited largest shareholding on death of her father, Freddie Heineken, in 2002. 57. *Henkel Group (44) Henkel/Düsseldorf, Germany Industry: Chemicals Revenues: $10.121 billion Employees: 48,638 www.henkel.com Chemical giant operates 340 companies in 70 countries, makes detergents, adhesives, soap, much more; owns 27% of Clorox in U.S. Albrecht Woeste, great-grandson of founder, Fritz Henkel, current family patriarch. Fifth-generation Christoph Henkel, 43, serves on influential Shareholders’ Committee. About 80 descendants of founder, sprinkled among three clans, share majority interest. 58. *Investor AB (54) Wallenberg/Stockholm, Sweden Industry: Industrial holdings Revenues: $9.986 billion Employees: 627 www.investorab.com Former sailor André Wallenberg founded Enskilda Banken (still a leading Swedish bank) in mid-19th century; company expanded into Investor AB, investment vehicle for Sweden’s pre-eminent business family. Holdings include Ericsson (mobile phones), Electrolux (appliances), AstraZeneca (pharmaceuticals), power generation, industrial building systems, much more. Wallenberg family interests own more than 40% and actively manage. 59. H.E. Butt Grocery (61) Butt/San Antonio, Texas Industry: Food stores, bakeries Founded: 1905 Revenues: $9.9 billion Employees: 60,000 www.heb.com Florence Butt opened first store in Kerrville, Texas, with $60. Son Howard took over 1919, opened second store 1927. Howard’s son Charles Butt took over 1971 at age 33, expanded $200 million chain into nation’s 12th largest food retailer (first in South) with 300 supermarkets. Company still family-owned, but CEO Charles, now 65, is a bachelor. Company donates 5% of pre-tax earnings to education, art and food programs. 60. Cox Enterprises (62) Cox/Atlanta Industry: Newspapers, TV Founded: 1898 Revenues: $9.9 billion Employees: 77,000 www.coxenterprises.com Reporter James M. Cox bought Dayton (Ohio) Daily News 1898, Atlanta Constitution 1950; died 1957. Company now owns 17 daily newspapers, cable systems and radio and TV stations. Founder’s daughters Anne Chambers, 83 (U.S. ambassador to Belgium under President Carter), and Barbara Anthony, 80, control 98% of stock. Barbara’s husband, Garner Anthony, stepped down as CEO 1987, succeeded by James Cox Kennedy, now 56, Barbara’s son by previous marriage. 61. SHV Holdings N.V. (56) Fentener van Vlissingen/Utrecht, Netherlands Industry: Energy holdings Revenues: $9.833 billion Employees: 28,300 www.shv.nl Largest private company in the Netherlands, with global interests in energy, retail and raw-material distribution businesses. Also owns U.S. scrap metal company David J. Joseph and 60% of metal recycling firm Thyssen Sonnenberg Recycling; operates its Makro store chain in Asia and South America; has also acquired NPM Capital, one of the Netherlands’ biggest venture capital firms. Firm is controlled by Fentener van Vlissingen family and run by Paul Fentener van Vlissingen. (See also BCD Holdings, #128 below.) 62. *Hutchison Whampoa (71) Li/Hong Kong, China Industry: Telecom, retail, energy Revenues: $9.645 billion Employees: 117,843 www.hutchison-whampoa.com Founder Li Ka-shing, 75, started as maker of plastic flowers in 1940s, cobbled together empire that ranges from telecommunications and ports to supermarkets. Widely considered Hong Kong’s most powerful person. Hutchison Whampoa, his most prominent company, dominates Hong Kong’s port and owns large stakes in ports of Shanghai, Shenzhen and Xiamen; Li family owns 49.9%. Son Richard, 35, followed him into the business in 1999. 63. *Reliance Industries (42) Ambani/Mumbai, India Industry: Chemicals Revenues: $9.634 billion Employees: 12,915 www.ril.com India’s largest petrochemical manufacturer; also makes textiles. Family of late self-made founder Dhirubhai Ambani owns 26%; sons Mukesh and Anil now run the business. Socially conscious family spent $10 million to provide drinking water to drought-prone areas. 64. *Illinois Tool Works (58) Smith/Glenview, Ill. Industry: Industrial equipment Founded: 1912 Revenues: $9.468 billion Employees: 48,700 www.itw.com After founding Chicago’s legendary Northern Trust Co. in 1889, patriarch Byron L. Smith (1853-1914) financed two Swedish toolmakers to form ITW, later took control and handed operation to younger sons Walter and Harold C. (Eldest son remained at bank.) Harold C.’s son Harold Byron Smith (d. 1990) took charge after World War II, diversified from fasteners, screws and washers into packaging systems, engineering components and medical and computer supplies through 600 separate companies. His son Harold Jr., 69, has headed ITW executive committee since 1982. 65. *Masco (65) Manoogian/Taylor, Mich. Industry: Building materials Founded: 1929 Revenues: $9.419 billion Employees: 61,000 www.masco.com Founder Alex Manoogian (d. 1996) perfected single-handle Delta faucet. His Yale-educated son Richard Manoogian, now 67, took over 1968 and acquired more than 100 building and home improvement companies (Home Depot, Delta faucets, KraftMaid cabinets, etc.) in past 30 years. 66. El Corte Inglés (59) Alvarez/Madrid, Spain Industry: Retailing Revenues: $9.133 billion Employees: 59,000 www.elcorteingles.es Department store giant run by Isidoro Alvarez is Spain’s largest family company. It also owns about 17% of Gottschalks, the California-based U.S. department store chain. Also offers financial services, insurance, online shopping, retail consulting and telecommunications services, movie theaters and auto dealerships. 67. Huntsman Corp. (64) Huntsman/Salt Lake City Industry: Chemicals Founded: 1970 Revenues: $9 billion Employees: 15,000 www.huntsman.com Former Huntsman Container Corporation best known for container that housed McDonald’s Big Mac. Acquisitions by CEO and founder Jon M. Huntsman, now 66, have made it North America’s largest privately held chemical company, with facilities in more than 40 countries. Six sons and three sons-in-law all work in the business. 68. Fidelity Investments (FMR Corp.) (55) Johnson/Boston Industry: Mutual funds Founded: 1930 Revenues: $8.9 billion Employees: 29,000 www.fidelity.com Department store heir turned mutual fund pioneer Edward C. Johnson II bought Fidelity Fund in 1946, fired its investment adviser and managed fund himself, stressing instincts and knowledge over prudence. Assets under management multiplied 1,000 times (from $3 million to $3 billion) by time son Edward C. (Ned) III succeeded him, 1972. Now leading mutual fund company worldwide, with 340 funds, 18 million customers, $775 billion assets managed. Ned, 73, reduced ownership share in parent FMR Corp. to 12% 1995, making daughter Abigail, 41, company’s largest shareholder (with 25%) and likely heir. Johnson relatives and top Fidelity execs own the rest. Abigail, senior VP, runs a Fidelity equity funds group. 69. *Marriott International (53) Marriott/Washington, D.C. Industry: Hotels, casinos Founded: 1927 Revenues: $8.441 billion Employees: 144,000 www.marriott.com From D.C. root beer stand opened 1927, J. Willard Marriott (1900-1985) and his wife, Alice, expanded into hotels and restaurants. Now world’s largest lodging company with some 2,600 owned or franchised properties in 65 countries. Son John, now 70, named president 1964, added retirement homes, financing. He now runs Marriott International while brother Richard, 64, heads family’s Host Marriott luxury hotels division (see #134 below). Alice died 2000, age 92. Marriott family owns about 12% of stock. 70. *Clear Channel Communications (69) Mays/San Antonio, Texas Industry: Broadcasting Founded: 1972 Revenues: $8.421 billion Employees: 41,800 www.clearchannel.com Founder Lowry Mays, 67, started buying distressed radio stations in mid-sized markets with fellow Texan Red McCombs. Company is now #1 U.S. radio station owner (some 1,225), world’s largest outdoor advertising company (more than 775,000 displays); also owns or manages 39 TV stations. Lowry is still CEO; three children are active, including president Mark, 39, and EVP/CFO Randall, 37. 71. Tata Group (70) Tata/Mumbai, India Industry: Textile, steel, autos Revenues: $7.959 billion Employees: 250,000 www.tata.com Founded as textile trader in 19th century, Tata Enterprises has grown into India’s largest industrial conglomerate, with more than 80 companies in steel, automobiles, agribusiness, chemicals and pharmaceuticals, consumer products, energy, engineering, exports, finance, information technology and telecommunications, metals, and service industries. Ratan N. Tata is current CEO. 72. *Parmalat Finanziaria S.p.A. (75) Tanzi/Milan, Italy Industry: Dairy products Revenues: $7.955 billion Employees: 36,356 www.parmalat.net One of world’s largest dairy companies, operating in 30 countries. Also produces vegetables, baked goods, fruit juices. Now #3 cookie maker in U.S. (behind Kraft Foods’ Nabisco and Kellogg’s Keebler) with its Archway, Mother’s and Salerno brands. Founder Calisto Tanzi and family own 98%. 73. Boehringer Ingelheim (82) Boehringer/Ingelheim, Germany Industry: Pharmaceuticals Founded: 1885 Revenues: $7.945 billion Employees: 31,846 www.boehringer-ingelheim.com Founded as chemical maker in 1885, Boehringer still makes bulk pharmaceutical ingredients and other chemicals for food and drug industries. Best seller: Flomax. Boehringer family controls company through its parent, C.H. Boehringer Sohn. 74. *Dillard’s (66) Dillard/Little Rock, Ark. Industry: Department stores Founded: 1938 Revenues: $7.911 billion Employees: 55,208 www.dillards.com Founder William T. Dillard’s department store chain (third largest in U.S., behind May and Federated) operates some 330 upscale, medium-sized stores in 29 states. Founder died 2002, age 87. All five children are active: William II (president and CEO), 58; Alex (president), 53; three others as VPs. Some 30 Dillard family members own 10% of stock but control 99% of Class B stock, which elects two-thirds of company’s directors. 75. *SAP (77) Hopp/Walldorf, Germany Industry: Software Revenues: $7.786 billion Employees: 29,374 www.sap.com One of world’s largest independent software companies. Co-founder Dietmar Hopp and family, plus two other co-founders, control about 35% of company. 76. *Thomson Corp. (74) Thomson/Toronto, Canada Industry: Media Revenues: $7.756 billion Employees: 42,000 www.thomcorp.com Former giant newspaper chain now specializing in niche information services. Thomson family owns 73%. 77. JM Family Enterprises (72) Moran/Deerfield Beach, Fla. Industry: Auto dealerships Founded: 1968 Revenues: $7.6 billion Employees: 3,227 www.jmfamily.com Starting with gas station, Chicagoan James Moran moved up to used-car dealership, Hudson franchise, then Ford franchise. Moved to Florida for his health in 1960s; acquired regional Toyota distributorship and built family company into world’s largest independent auto dealer. Founder now 84 and honorary chairman; daughter Pat is chairman. 78. *Grupo Financiero BBVA-Bancomer (73) Garza/Mexico City, Mexico Industry: Banking Revenues: $7.577 billion Employees: 36,349 www.bancomer.com.mx Chairman Eugenio Garza Laguera, 78, and family own 25% of stock of Mexico’s second-largest bank. Their 70-year-old Bancomer merged in 2000 with BBVA-Probursa and regional player Banca Promex, now operates 1,600 Mexican branches, may expand into U.S. Garza also heads big brewer FEMSA (see #97 below). 79. Tetra Laval (68) Rausing/Pully, Switzerland Industry: Packaging Revenues: $7.441 billion Employees: 25,000 www.tetralaval.com Hans Rausing invented milk carton, built Swedish firm Tetra Pak into world’s largest packaging manufacturer. Brother Gad Rausing and family bought out Hans 1996. Gad died 2000, age 77; his three children sit on board of directors. 80. *Interbrew (NR) Leuven, Belgium Industry: Brewing Revenues: $7.328 billion Employees: 35,044 www.interbrew.com Among world’s largest brewers (closely ranked with Heineken, which trails Anheuser-Busch and SABMiller), with some 200 brands of lagers, premium beers and specialty brews (Stella Artois and Bass Ale, Rolling Rock, etc.), sold in 120 countries. A voting trust of Interbrew’s founding families owns more than 60% of company. 81. *Associated British Foods (78) Weston/London, United Kingdom Industry: Food, household products Revenues: $7.095 billion Employees: 34,957 www.abf.co.uk Weston family controls about 55% of Associated British Foods, maker of Twinings Tea, Wagon Wheels snack cakes, British Sugar products; introduced sliced bread in 1930s. Also operates the Penneys and Primark clothing store chains in Ireland and the U.K. At least 40% of family’s stake in company is pledged to a charitable trust. 82. *Cemex (76) Zambrano/Nuevo Leon, Mexico Industry: Building, materials Revenues: $6.538 billion Employees: 26,452 www.cemex.com World’s second-largest cement company, with operations in 30 countries. Gutsy, technology-savvy CEO Lorenzo Zambrano, 59, and extended family own about 35%. Marcelo Zambrano Hellion is honorary chairman. 83. Enterprise Rent-A-Car (81) Taylor/St. Louis Industry: Car rentals and leasing Founded: 1957 Revenues: $6.5 billion Employees: 50,000 www.enterprise.com On a hunch that drivers would rather lease than buy, Jack Taylor launched firm in basement of Cadillac dealership. It now has 525,000 cars in 4,000 locations. Firm was named after aircraft carrier U.S.S. Enterprise, where Jack flew fighters as Navy pilot, World War II. Son Andy, 55, now runs company; Jack is 81 and semi-retired. 84. *Dollar General Corp. (89) Turner/Goodlettsville, Tenn. Industry: Retail stores Founded: 1939 Revenues: $6.1 billion Employees: 53,500 www.dollargeneral.com Retailer commands a chain of more than 6,300 discount stores in 27 states, mostly in Southeast and Midwest. CEO Cal Turner Jr., grandson of company’s founder, owns about 15% of Dollar General. 85. *Mercadona (103) Roig/Spain Industry: Supermarkets Revenues: $6.064 billion Employees: 40,000 www.mercadona.es Spain’s leading supermarket chain, with 700 low-price stores. Juan Roig is current CEO. 86. Heraeus Holding GmbH (NR) Heraeus/Hanau, Germany Industry: Precious metals Founded: 1850 Revenues: $6.057 billion Employees: 9,181 www.heraeus.com Chemist Wilhelm Carl Heraeus inherited father’s pharmacy 1850, discovered new elements caesium (1860) and ribidium (1861), became supplier of platinum to goldsmiths. Company now major trader and recycler of precious metals; also 100 other subsidiaries. Still owned and run by 150 descendants of founder. Great-grandson Jergen Heraeus is current CEO. 87. Aditya Birla Group (NR) Birla/Pilani, India Industry: Conglomerate Revenues: $6 billion Employees: 72,000 www.adityabirla.com India’s second-largest conglomerate, started in mid-19th century in northern Indian town of Pilani with a single cotton trader named Seth Shivnarain Birla. His descendants expanded into textiles and fibers, aluminum, cement and chemicals. Group’s operations today span 40 companies in 17 countries and generate $6 billion in annual revenues. Download 193.85 Kb. Share with your friends:
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