Since running the country of the US became the family business, why don’t we take a look at 15 largest family-owned businesses in the US?
Trump is a big fan of nepotism. But, the interesting thing about his leadership and hiring his family members is that none of them is unqualified for the position. Even though there were other candidates and other people in general qualified for the position, his family candidates also new the materials, which is why there is no risk of taking something down by them.
But he didn’t do it just now when he took the throne after Obama’s second mandate has expired. He hired them in his private corporations as well. And he isn’t the only one. There are millions of families all around the world that just decide to start the business on their own. Each of them gives his best, all invest as much as they can, and everyone gets’s their part and duties. After the new generation arrives, they are entitled to continue the family business.
But, sometimes, some inherits decide that the family business isn’t something that they dream of and turn their backs. And that is fine as well. Everyone is the creator of his own destiny and, if they aren’t happy in their current places, they can easily switch to something that they might be more successful in. And if they stuck, their family would be there to support them.
On the other hand, some families are just thrilled that they created something on their own and, unlike the ones that have children that just spend their money, create the new businessmen of their children and give them a chair as soon as they can.
According to the statistics, 15 largest family-owned businesses in the US gathered the total revenue of $1.5 trillion per a year, which was the 40% of the whole US budget for 2016.
How did they grow that fast? Well, they didn’t. They exist for at least 2 generations, had their stocks right, got the chance to spread to other cities and countries, let franchisees to get involved and, of course, had to allow investors to acquire at least the part of it. But, everything ended well for them. That well, that one of 15 largest family-owned businesses in the US has the revenue higher than GDPs and government budget of many countries. Without further ado, here is the list of 15 largest family-owned businesses in the US.