They live in style, they lead in style and they do business in style! There is something about these blue-bloods of the corporate world which makes the world stop and take notice of them. Their lineage or hard work; luck or struggle whatever one might attribute their success to; fact is they to all intents and purposes run the world in terms of Economics. So let us read about some of the most successful business families in the world.
10. Cargill/MacMillan Family:
It is an American family which is into Agriculture. Cargill is the agricultural commodities giant and is a fully family controlled business with the family owning 90% of the stocks. Undoubtedly so the Cargill family is one of the richest families in the world. With revenue over $100 billion, it is a name to reckon with in the agricultural sector in North America.
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9. Koch Family:
Koch Family is an American family which runs the multinational corporation Koch Industries based in Kansas. It was founded by Fred Koch in the year 1940 and the family still owns 84% share in it. They have revenues in excess of $100 billion and follow closely behind the Cargill family in the American Economic Topography.
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8. Ambani Family:
The Ambani family to which belonged Dhirubhai Ambani who founded the Reliance Commercial Corporation in the year 1966 is one the biggest business families in the world. With the corporation split between the two brothers – Mukesh and Anil Ambani; they own businesses in various sectors; oil, energy, telecom being one of the notable few.
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7. Mittal Family:
The Mittal Family again is a steel giant and economic major which figures on this list. The steel conglomerate, Arcelor Mittal, is the world’s largest steel producer and features in the 2012 Fortune Global 500 list with the Mittal family stake being 40.83 %. With Lakshmi Mittal and Aditya Mittal as CEO and CFO respectively, this clan has set standards for businesses around the world to follow. They recorded revenue of € 71.85 billion in the year 2011.
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6. Bosch Family:
A German, Robert Bosch, founded Bosch in the year 1886 and from then to the present day; Bosch has become synonymous with engineering and electronics. A truly global company, it has presence worldwide. With over 350 subsidiaries, it is quite impossible to ignore the family that brought this mammoth company into existence. They own a stake of around 92% and the company recorded revenue of € 47.26 billion in the year 2011.
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5. Ford Family:
Ford is an immensely respected name in the automobile industry. Headquartered in Michigan, USA it was founded by Henry Ford in the year 1903. The company owns assets of around US$178.35 billion with the Ford Family owning 40% of the stake in the company. With over 90 plants worldwide; Ford is an integral contributor to US Economy.
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4. Agnelli Family:
Fiat, an Italian Automobile Manufacturer, was founded in the year 1899 by Giovanni Agnelli among other investors. The largest car maker in Italy; Fiat cars have been around for a long time now. The family owns a stake of 30% in the company and the recorded revenue last year was around € 83 billion making it a highly successful automobile and parts manufacturer.
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3. Quandt family:
Again, another German family in the list! They are the stakeholders in BMW since the year 1959. They own about 46% of the stock between Stefan and Johanna Quandt. With BMW’s long standing reputation and allure in the Automobile industry; the Quandt family owns a long standing profitable business of luxury cars. The company recorded revenue of € 68.82 billion in the year 2011.
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2. Walton Family:
Walmart, America’s most successful Food Retail Chain is run by the Walton Family. It was founded in the year 1962 by Sam Walton. The family owns a stake of about 44.7% in the company. With whopping assets of around US$ 193.406 billion; it is America’s largest family owned business with over 8500 stores around 15 countries.
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1. Piëch/Porsche clan:
One of the most prominent business families in the world is the Piëch/Porsche clan which control about 32.2% stake in Volkswagen. Considering Europe being one of the most vital and volatile Economic zones of the World Economy; the business clans from this corner of the world play a great role in the stability and progress of the region; the Piëch/Porsche clan being one among them. With revenue for Volkswagen of € 159.94 billion in the year 2011 this family surely is one of the celebrated in the business world.
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