1. *Wal-Mart Stores
Mohammad Abdul-Mohsin Al-Kharafi & Sons
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- 174. *Merloni Elettrodomestici
- 176. *Hovnanian Enterprises
- Kevork Hovnanian
- Henry Timken
- 179. *Franklin Resources
- 180. *Simon Property Group
- 181. *Banco Popular Español
- 183. Verlagsgruppe Georg von Holtzbrinck
- 191. *J.B. Hunt Transport Services
- 202. *American Greetings
- 205. *Publishing and Broadcasting Ltd.
- 206. *Swire Pacific Ltd.
- 207. Zachry Construction
- 210. *Demoulas Super Markets
- 214. Hunt Construction Group
173. Mohammad Abdul-Mohsin Al-Kharafi & Sons (152) Al-Kharafi/Kuwait City, Kuwait Industry: Trading, contracting Revenues: $2.6 billion www.kharafisteel.com Nasser Al-Kharafi, 60, and brother Fawzi run this general trading and contracting group founded by their father. Wholly owned family company builds hotels, restaurants and tourist villages in Egypt, Albania and South Africa; also fast-food outlets in U.S. Another brother, Jassim, recently elected speaker of Kuwait parliament. 174. *Merloni Elettrodomestici (200) Merloni/Fabriano, Italy Industry: Appliance components Revenues: $2.6 billion Employees: 13,023 www.merloni.it Company makes refrigerators, washing machines, dishwashers, ovens, at 11 plants in France, Italy, Poland, Portugal and Turkey; also makes components. Merloni controls 25% of Italy’s appliance market and 10% of Europe’s market. Merloni family, headed by chairman Vittorio Merloni, owns controlling interest. 175. *Washington Post (162) Graham/Washington, D.C. Industry: Newspapers Founded: 1877 Revenues: $2.584 billion Employees: 11,600 www.washpostco.com Financier Eugene Meyer bought failing Washington Post in bankruptcy auction 1933, turned over to son-in-law Phil Graham (1947), who made it profitable, added TV stations, Newsweek. After his suicide (1963), shy widow Katharine Graham took over, blossomed, pushed company to new heights, won Pulitzers for Watergate exposé and her autobiography; died 2001. Son Donald, 58, is CEO and chairman. Family owns about 37%, votes two-thirds of board. 176. *Hovnanian Enterprises (NR) Hovnanian/Red Bank, N.J. Industry: Home builders Founded: 1959 Revenues: $2.551 billion Employees: 2,370 www.khov.com Company builds 9,500 homes, condos, townhouses a year, mostly in Northeastern U.S. Hovnanian family members control more than 90% of company. Kevork Hovnanian, 79, is chairman; Ara Hovnanian, 45, president and CEO. 177. *Timken Co. (159) Timken/Canton, Ohio Industry: Ball bearings Founded: 1899 Revenues: $2.55 billion Employees: 18,000 www.timken.com Produces wide range of ball bearings for aerospace, automotive railroad and other industries. Founded 1899 by retired carriage maker Henry Timken and still controlled and run by his heirs. Chairman William R. Timken Jr., 64, represents fifth generation. 178. Connell (157) Connell/Berkeley Heights, N.J. Industry: Rice, sugar, heavy equipment Founded: 1926 Revenues: $2.525 billion Employees: 245 www.connellco.com Grover Connell started as rice and sugar trader; son Grover Connell took over 1950, built firm into country’s largest broker/trader in rice, sugar. Diversified into finance, real estate, heavy equipment leasing. Three generations currently active; Grover, now 85, still at helm; son Terry is CFO. 179. *Franklin Resources (166) Johnson/San Mateo, Calif. Industry: Mutual funds Founded: 1947 Revenues: $2.519 billion Employees: 6,700 www.franklintempleton.com Nation’s fifth-largest mutual fund company: 250 funds. Charles B. Johnson joined as CEO 1957 at age 23, still in charge today at age 70. He and half-brother Rupert, executive VP, own more than one-third of company. Charles’ son William also active. 180. *Simon Property Group (178) Simon/Indianapolis Industry: Real estate development Founded: 1960 Revenues: $2.441 billion Employees: 4,020 www.shopsimon.com New York tailor’s son Melvin Simon moved to Indianapolis from New York, became leasing agent 1957. With brothers Herb and Fred, blanketed Midwest with shopping centers, merged with rival DeBartolo in 1996 to create nation’s largest shopping center real estate investment trust. Company currently owns or runs 250 shopping centers, including Minnesota’s giant Mall of America, Washington’s Pentagon City. Melvin and Herb, 76 and 68, are co-chairmen; Melvin’s son David, 41, is current CEO. Fred is no longer involved. 181. *Banco Popular Español (163) Valls Taberner/Spain Industry: Banking Revenues: $2.402 billion Employees: 11,943 www.bancopopular.es One of Spain’s top banks (after giants Santander Central Hispano and Banco Bilbao Vizcaya Argentaria), with more than 2,000 branches. Also manages mutual funds and offers asset management, life insurance, online banking and securities trading. 182. *Brown-Forman (173) Brown/Louisville, Ky. Industry: Beverages Founded: 1870 Revenues: $2.378 billion Employees: 7,000 www.brown-forman.com Pharmaceutical salesman George Garvin Brown and half-brother started with $5,500, created first sealed bottles for whiskey. Brands now include Jack Daniels, Southern Comfort, Korbel champagne; also Lenox china, Hartmann luggage. Brown family still controls company. Fourth-generation Owsley Brown II, 60, current CEO. Five other Brown members still active. 183. Verlagsgruppe Georg von Holtzbrinck (172) Holtzbrinck/ Stuttgart, Germany Industry: Publishing Revenues: $2.365 billion Employees: 12,600 www.holtzbrinck.com/eng One of Germany’s top book, newspaper and magazine publishers. Also owns publishers Farrar, Straus & Giroux, Henry Holt and Macmillan, 49% of Wall Street Journal Europe. Late founder Georg von Holtzbrinck’s family owns the company. 184. *Toll Brothers (174) Toll/Huntingdon Valley, Pa. Industry: Luxury home builder Founded: 1967 Revenues: $2.315 billion Employees: 2,960 www.tollbrothers.com Nation’s leading builder of luxury homes founded 1967 by brothers Robert and Bruce Toll, who still own about 34% of stock. Robert, 62, has been CEO since company’s inception. Bruce, 60, president and COO until 1998, now less active as vice chairman. 185. Belk (171) Belk/Charlotte, N.C. Industry: Department stores Founded: 1888 Revenues: $2.242 billion Employees: 17,800 www.belk.com William H. Belk (1862-1952) opened small bargain store in Monroe, N.C., with $750 savings, $500 loan, promoted as “Cheapest Store on Earth.” Physician brother John Belk (d. 1928) joined 1891. Their innovations (large volume, low mark-up, no haggling, all returns accepted) fueled growth. Today company owns 210 fashion stores in 13 Southern states. Founder ran company until his death at age 89. Founding brothers’ descendants hold majority of stock, managers the rest. Chairman/CEO John M. Belk, 83, oversees two Belks designated “president”: John R. Belk, (finance, systems and operations) and Mary Belk (merchandising). 186. *A.G. Edwards (164) Edwards/St. Louis Industry: Stock brokerage Founded: 1887 Revenues: $2.199 billion Employees: 16,181 www.agedwards.com One of oldest and largest U.S. retail brokerages. Founding Edwards family still active; vice chairman Benjamin F. (Tad) Edwards IV, 47, manages a branch. 187. Johnson Diversey (NR) Johnson/Sturtevant, Wis. Industry: Floor care, hygiene, etc. Founded: 1886 (spun off 1999) Revenues: $2.196 billion Employees: 13,530 www.johnsondiversey.com Formerly S.C. Johnson Commercial Markets, split off 1999 from S.C. Johnson & Son (see #100 above). Johnson family controls two-thirds, Unilever the rest. Consists of two main divisions: Johnson Wax Professional and Johnson Polymer. Company operates in more than 50 countries. Samuel C. (Curt) Johnson III, 47, is chairman. 188. 84 Lumber (193) Hardy/Eighty Four, Pa. Industry: Building materials Founded: 1956 Revenues: $2.177 billion Employees: 5,800 www.84lumber.com Joseph Hardy founded lumber retailer 84 Lumber, built it into nation’s largest privately held lumber yard chain (430 stores in 35 states). Known for penny-pinching (no air conditioning or heating in stores), blunt management style (fired multiple-sclerosis-stricken son in 1988). Tomboy daughter Margaret Hardy-Magerko, now 37, a college dropout, learned business from her father, took over 1993, installed air conditioning and heat in some stores. She owns about 80% of company. 189. *AMERCO (182) Shoen/Reno, Nev. Industry: U-Haul rentals Founded: 1945 Revenues: $2.132 billion Employees: 16,636 www.uhaul.com Parent of U-Haul International rents 205,000 trucks, trailers and tow dollies to do-it-yourself movers through some 1,350 company-owned centers and 15,000 independent dealers in U.S. and Canada. Founder L.S. Schoen had 12 children by three wives, was ousted 1986 by sons Joe and Mark. Family members still control stock; Joe is chairman. Filed for Chapter 11 bankruptcy protection June 2003. 190. *COFIDE (177) De Benedetti/Turin, Italy Industry: Holding company Revenues: $2.13 billion Employees: 10,411 None Diverse operations include publishing (Espresso group); manufacturing food machinery (Sasib Food & Beverage Machinery group), automotive components (Sogefi group), tobacco machinery (Sasib Tobacco group); specialty foods (Socalbe and Novartis Nutrition); and real estate and finance services. Family of Carlo de Benedetti owns more than 40%; family members hold three key spots. 191. *J.B. Hunt Transport Services (180) Hunt/Lowell, Ariz. Industry: Trucking Founded: 1969 Revenues: $2.1248 billion Employees: 16,265 www.jbhunt.com Arkansas sharecropper’s son Johnnie B. Hunt started as truck driver hauling rice and poultry, started his own trucking company 1969 with five trucks and seven refrigerated trailers. Now #2 truckload carrier in U.S. (behind Schneider National), with more than 10,700 tractors and some 46,000 trailers and containers operating in 48 contiguous U.S. states, Canada and Mexico. Founder and family own 33% of company. 192. Schnuck Markets (183) Schnuck/St. Louis Industry: Supermarkets Founded: 1939 Revenues: $2.107 billion Employees: 18,000 www.schnucks.com Founded as small St. Louis grocery store, now operates 100 hypermarkets (drugs, florist, salad bars, videos, etc.) in Missouri, Illinois, Indiana. Chain stresses friendliness; still family-owned and -run. Craig Schnuck, 54, is CEO, Scott Schnuck COO, Todd Schnuck CFO. 193. Springs Industries (168) Close/Fort Mill, S.C. Industry: Sheets, curtains, etc. Founded: 1888 Revenues: $2.1 billion Employees: 17,000 www.springs.com Company makes Springmaid and Wamsutta sheets, pillows, shower curtains, bedspreads, towels and bath rugs; also infant apparel, fabrics, window blinds and hardware for Wal-Mart, Target, etc. The Close family, descendants of co-founder Leroy Springs, own about 55%. Founder’s great-great-granddaughter Crandall Close Bowles, 53, is CEO. 194. Golub Corp. (185) Golub/Schenectady, N.Y. Industry: Price Chopper supermarkets Founded: 1932 Revenues: $2.1 billion Employees: 19,700 www.pricechopper.com Brothers Ben and Bill Golub opened grocery warehouse in Schenectady, expanded to retailing. Company now runs 100-plus low-cost Price Chopper supermarkets in Northeast U.S. Golub family owns about 56%, employees the rest. Two Golubs (CEO Lewis, president Neil) at helm. 195. *Benetton Group (196) Benetton/Milan, Italy Industry: Fashion Revenues: $2.092 billion Employees: 7,162 www.benetton.com Luciano Benetton, 68, built sweater shop into global purveyor of trendy clothing: 5,000 franchised stores in 120 countries. Benetton Group also owns Rollerblade, Nordica, Prince products. Benetton family owns 70% through its Edizione Holding group. Luciano’s son Allesandro heads family’s venture capital operations; Carlo is deputy chairman; Gilberto Benetton is a managing director. 196. *Grupo Televisa (176) Azcarraga/Mexico City, Mexico Industry: Media Revenues: $2.075 billion Employees: 12,600 www.televisa.com Mexico’s #1 TV broadcaster: more than 230 stations and four networks in Mexico, Spain, other Latin lands. Also cable TV, radio and publishing. CEO Emilio Azcarraga Jean, 35, succeeded upon father’s death, 1997. Family owns 51%. 197. Wawa (187) Wood/Wawa, Pa. Industry: Convenience stores Founded: 1865 Revenues: $2.01 billion Employees: 13,000 www.wawa.com George Wood (d. 1926) launched textile maker Millville Manufacturing Co., later added small dairy in town of Wawa, 1902. Grandson Grahame Wood closed mill 1960s, opened first convenience store 1964. Under current CEO, founder’s great-grandson Richard Wood, 65, company now has more than 550 stores in five states. Wood family owns 52%. 198. H Group Holding (167) Pritzker/Chicago Industry: Hyatt Hotels, resorts Founded: 1957 Revenues: $2 billion Employees: 41,000 www.hyatt.com Umbrella group for Hyatt Hotels and Hyatt International; one of two major companies run by Chicago’s Pritzker family (see also Marmon Group, #91 above). Dealmaker A.N. Pritzker (1896-1986) took over Atlanta’s Hyatt Regency before it opened (1967) when its financing fell through; sons Donald, Jay and Robert later gained control of others. Donald ran Hyatt Hotels until his early death 1972 at age 39; Jay until his death 1999 at age 74. Donald’s son Tom now in charge of chain with 58 hotels, 22 resorts in 37 countries. Other cousins are involved too but may break up soon amid family squabbles. 199. Jumbo Group (NR) Chhabria/Dubai, United Arab Emirates Industry: Conglomerate Revenues: $2 billion www.jumbocorp.com Conglomerate’s 28 businesses, operating in 50 countries, include Jumbo Electronics, Shaw Wallace & Company, Maharashtra Distilleries, SKOL Breweries, Shaw Wallace Distilleries, Shaw Wallace Breweries, Hindustan Dorr-Oliver, Mather & Platt, Falcon Tyres, Gordon Woodroffe and Shaw Wallace Hedges. Chairperson Vidya Chhabria took over 2002 on death of founder/husband, now runs company from Mumbai, India, with her two daughters. 200. Bonnier Group (NR) Bonnier/Stockholm, Sweden Industry: Media Revenues: $2 billion Employees: 9,114 www.bonnier.se Largest publishing and media concern in Scandinavia and one of largest in Europe, with operations in 20 countries. After nearly 200 years, founding Bonnier family still in charge. Carl-Johann Bonnier is current chairman. 201. *Weis Markets Inc. (188) Weis/Sunbury, Pa. Industry: Grocery stores Founded: 1912 Revenues: $1.999 billion Employees: 19,000 www.weismarkets.com Company runs about 160 grocery stores, mostly in Pennsylvania but also in Maryland and four other states. Warring factions of Weis family settled their differences 2001 when some family members sold their 35%-plus stake. Remaining in control is chairman Robert F. Weis, 83, who still owns 47%. 202. *American Greetings (165) Sapirstein/Cleveland Industry: Greeting cards Founded: 1906 Revenues: $1.996 billion Employees: 32,600 www.corporate.americangreetings.com Polish immigrant Jacob Sapirstein started one-man penny-postcard business for immigrants with borrowed $50. Today it’s nation’s #2 greeting card company (behind Hallmark); acquired #3 Gibson Greetings 2000. Founding Sapirstein family owns about 5% of stock but controls 30% of voting power. 203. Alex Lee Inc. (195) George/Hickory, N.C. Industry: Food services Founded: 1931 Revenues: $1.98 billion Employees: 9,000 www.alexlee.com Food wholesaler/retailer founded by Alex and Lee George now serves more than 600 retailers in Mid-Atlantic and Southeast. George family still controls; Boyd George is chairman and CEO. 204. J.F. Shea (197) Shea/Walnut, Calif. Industry: Home builder, contractor Founded: 1876 Revenues: $1.968 billion Employees: 2,288 www.jfshea.com Founded as plumbing business by John Shea; his sons and grandsons built it into one of nation’s largest privately owned builders (construction, financing, venture capital, civil engineering). John F. Shea is president, Peter Shea Jr. COO. 205. *Publishing and Broadcasting Ltd. (NR) Packer/Sydney, Australia Industry: Media Revenues: $1.949 billion Employees: 7,892 www.pbl.com.au Company runs Nine Network, which provides news, entertainment, drama and sports programs in Australia. It also publishes magazines such as Woman’s Day and Cosmopolitan and specialized titles like Burke’s Backyard and Wheels for Australia and New Zealand. Australian media baron Kerry Packer and family control PBL; son James is chairman. 206. *Swire Pacific Ltd. (191) Swire/Hong Kong, China Industry: Real estate, investments Revenues: $1.948 billion Employees: 55,000 www.swirepacific.com Last of original British trading houses left in Hong Kong. Now mostly in real estate; also has interests in airlines (Cathay Pacific), industries, trading and marine services. Sirs Adrian and John Swire, scions of old British shipping dynasty, own 60% of U.K.-based, privately held John Swire & Sons, which holds 28% of Swire Pacific and more than 50% of Swire Pacific’s voting stock. Sir Adrian relinquished chairmanship to a non-family member, 1998. 207. Zachry Construction (NR) Zachry/San Antonio, Texas Industry: Construction Founded: 1924 Revenues: $1.94 billion Employees: 14,000 www.zachry.com Henry B. Zachry began building roads and bridges 1924; company now builds power and chemical plants, steel and paper mills, refineries, roadways, dams, airfields and pipelines, mostly in southern U.S. Also owns San Antonio Spurs basketball team. Founder’s son Henry Jr. is chairman and CEO; grandson John is president. 208. Ingram Industries (192) Ingram/Nashville, Tenn. Industry: Books, shipping Founded: 1964 Revenues: $1.929 billion Employees: 6,148 www.ingram.com Brothers Bronson and Fritz Ingram launched textbook supplies distribution company, built it into diversified distribution juggernaut. Bronson died 1995; his widow, Martha, now 68, inherited company. She took computer distributor Ingram Micro public 1996, split rest of family empire among her three sons: Orrin is CEO of Ingram Industries, which operates barges as well as Ingram Book Group (under brother John). David runs separately constituted Ingram Entertainment. 209. Sheetz (194) Sheetz/Altoona, Pa. Industry: Convenience stores Founded: 1952 Revenues: $1.92 billion Employees: 8,500 www.sheetz.com Company founded 1952 by Bob Sheetz now operates 290 large convenience stores in Pennsylvania and some adjacent states. Still family-owned. Stephen Sheetz is chairman, Stanton Sheetz president and CEO, Louie Sheetz EVP marketing; Joseph Sheetz VP finance. 210. *Demoulas Super Markets (184) Demoulas/Tewksbury, Mass. Industry: Grocery stores Founded: 1954 Revenues: $1.9 billion Employees: 12,700 Founded 1954 when brothers George and Mike Demoulas bought parents’ mom-and-pop grocery store. Company now operates almost 60 grocery stores in Massachusetts and New Hampshire. The men agreed that, upon one brother’s death, the other would care for the deceased’s family and maintain firm’s 50-50 ownership. In 1990 George’s family alleged that Mike had defrauded them of all but 8% of company’s stock; ten-year court battle was decided in favor of George’s family, giving it 51% of company. By then Mike had resigned as CEO; post remains vacant. 211. McWane (NR) McWane/Birmingham, Ala. Industry: Hydrants, pipes Founded: 1921 Revenues: $1.9 billion Employees: 5,200 www.mh-valve.com One of world’s largest makers of cast-iron water and sewer pipes. Family patriarch K.R. McWane helped finance statue of Vulcan (god of fire and forge) that overlooks Birmingham. Still family-owned; great-grandson C. Philip McWane, 45, is chairman. 212. Carlson Cos. (181) Carlson/Plymouth, Minn. Industry: Travel, hotels, restaurants Founded: 1938 Revenues: $1.885 billion Employees: 53,000 www.carlson.com Grocer’s son Curtis Carlson (1914-1999) created Gold Bond stamp company with $55 loan, built it into family-owned conglomerate of Radisson and Regent Hotels, Carlson Wagonlit Travel, Thomas Cook Group, TGI Friday, Seven Seas cruises, etc. Ownership now shared evenly by his two daughters: Marilyn Nelson, 64, current CEO, and Barbara Gage, 61. Founder’s son-in-law Skip Gage, formerly president, left company 1991 with a piece of his own when founder resumed control after successful bypass heart surgery. Marilyn known for vision, diplomacy, in contrast to hard-driving father. 213. *Molex Inc. (NR) Krehbiel/Lisle, Ill. Industry: Computer peripherals Founded: 1938 Revenues: $1.843 billion Employees: 16,640 www.molex.com Fred Krehbiel invented Molex, an inexpensive plastic molding material for toys, flowerpots. Son John Sr. took company into electrical components. Now world’s second-largest connector manufacturer: 52 plants in 19 countries. Third-generation member John Jr. was president until July 1999, when first non-family president was appointed, but brother Fred, 62, is still co-chairman. 214. Hunt Construction Group (NR) Hunt/Indianapolis Industry: General contractor Founded: 1944 Revenues: $1.811 billion Employees: 850 www.huntconstructiongroup.com Leading builder of sports stadiums (Pittsburgh’s Three Rivers Stadium), airports, convention centers, etc.). Founded as Huber, Hunt & Nichols; name changed to reflect Hunt family’s current ownership. Robert C. Hunt is chairman; Robert G. Hunt is CEO. 215. Saudi Oger (198) Al-Hariri/Beirut, Lebanon Industry: Construction Founded: 1978 Revenues: $1.8 billion www.saudioger.com Contracting company operates in Middle East, Europe, Africa, U.S., also holds major TV and telecom licenses in Lebanon and South Africa. Founded in Saudi Arabia 1978. Patriarch Rafik Al-Hariri, 59, prime minister of Lebanon 1992-98, resumed that post 2000; company now run by son Saad, 33. 216. *Grupo Casa Saba (199) Saba/ Mexico City, Mexico Industry: Textiles, real estate Founded: 1892 Revenues: $1.767 billion www.casasaba.com Parent of Grupo Casa Autrey, founded 1892 and bought by Saba family 1999. Casa Autrey is now one of Mexico’s biggest pharmaceutical distributors; also sells health and beauty aids, nonperishable foods, books, magazines, 13,000 other products to pharmacies and other stores. Chairman Isaac Saba Raffoul, 79, son of Syrian immigrant, built textile and real estate empire (32% of Grupo Celanese). Three sons (Manuel, Moises, Alberto) are vice chairmen of Casa Autrey. Download 193.85 Kb. Share with your friends:
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