Germany's share of the world's top family-owned businesses in terms of revenue is shrinking. Ninety-six of the top 750 family-controlled companies around the globe come from Germany, according to an evaluation published on Wednesday. Last year, there were 108, a year earlier even 119, the auditing firm PwC announced on Wednesday. PricewaterhouseCoopers (PwC) prepared the analysis in cooperation with the British online platform Family Capital.
Despite the decline, Germany maintains second place in the ranking, just behind the United States. As in the previous year, the United States counts 166 family businesses in the top 750 companies, with China/Hong Kong in third place in the current evaluation with 79 (2020: 73) companies.
"I'm not surprised that the number has declined. After all, when it comes to the megatrend of digitalization, German family businesses have had perceptible deficits for years," explained Uwe Rittmann, Head of Family Businesses and SMEs and member of the Management Board at PwC Germany.
Europe combined has 298 of the 750 listed companies, with 188 each from North America and Asia-Pacific. Within Europe, Germany is the clear leader in terms of the number of family businesses, ahead of France (36) and Italy (23).
According to the evaluation, the US retailer Walmart, owned by the Walton family, remains the family-owned business with the highest revenues in the world. Three representatives from Germany are among the top ten in the ranking: Volkswagen (2nd place/Porsche and Piëch families), Lidl’s parent company, the Schwarz Group (9th place/Schwarz family), and carmaker BMW (10th place/Quandt and Klatten families).
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