Ericsson is a multinational networking and telecommunications equipment and services company headquartered in Stockholm, Sweden. The company was founded in 1876 by Lars Magnus Ericsson and is now owned by the Wallenberg family. Today the company employs around 110,000 people and operates in around 180 countries. It holds over 37,000 granted patents, including many in [...]
Mars, Incorporated is an American global manufacturer of confectionery, pet food, and other food products with US$ 33 billion in annual sales in 2015, and is ranked as the 6th largest privately held company in the US by Forbes. The company is entirely owned by the Mars family, however the company recently passed from family [...]
Five of the world’s largest family businesses, in the top 20 of the new Fortune Global 500, have seen their combined revenues slump by more than $74.5 billion compared to last year. The 2015 fiscal year impacted the bottom lines of Volkswagen, Toyota Motor, Samsung Electronics, EXOR Group as well as Walmart. However Walmart has [...]
The Ford Motor Company is an American multinational automaker that was founded by Henry Ford in 1903. It is still controlled by the Ford family, although they have minority ownership. Jose Cuervo is the world’s biggest tequila maker with a 35% worldwide market share. It was started by Don Jose María Guadalupe de Cuervo in [...]
It is a new trend that is catching in fast in Indian family businesses. This story is about a group of entrepreneurs who were successful in their own right. Then they married into big Indian family businesses and started helping their in-laws in new ventures. Shikhar Malhotra. He was a successful distributor of Honda. He [...]
Close to a year ago, James and Lachlan Murdoch took over the reins of 21st Century Fox from their father, Rupert Murdoch. Since then, have been remaking the company at breakneck speed. However, they have left Fox News alone as it contributes to nearly 20% of the group’s annual earnings. Apart from the $1 billion [...]
The Hong Leong group is a Malaysian conglomerate, which was founded as a trading company in 1963 by Tan Sri Quek Leng Chan. This second-generation company controls 14 listed companies involved in the financial services, manufacturing, distribution, property, and infrastructure development. Tan Sri Quek Leng Chan is one of the richest men in Malaysia today, [...]
Inheritance tax has come under sustained scrutiny in recent years as it is regarded as a reasonably effective way of reducing excessive personal inequality. However Governments across the world are in favour of providing exemptions to this tax due to the negative consequences it can have on family businesses. Many countries like, Germany exempts most [...]
Nintendo is a Japanese multinational consumer electronics and software company that is today the world's largest video game company by revenue. It was founded in 1889, by Fusajiro Yamauchi, and is still owned by the sixth generation of the Yamauchi family. Nintendo then developed into a video game company in the 1970s creating some of [...]
As per a recent report by Global Witness, titled ‘Hostile Takeover: The Corporate Empire of Cambodia's Ruling Family’ the Cambodian Prime Minister Hun Sen's family has stakes in over 114 domestic companies spanning key sectors, including energy, telecoms, mining and trading. More than 27 relatives of the premier are linked to companies whose official share [...]