Friday, March 31, 2023

Mexico is the Latin American country with the largest number of family businesses and leads the regional ranking in terms of total revenue DF SUD

This article was modified to reflect an error in the total income figure for Mexican family businesses.

in Latin America There are 34 family businesses which are the largest globally. Mexico and Brazil Those Are the Economies That Lead the Latest “Family Business Index” 15 and 11 companies respectively,

Globally, the American Walton family, along with Walmart, continues to top the world’s most powerful clans, according to a ranking prepared by consulting firm EY in association with the University of St. Gallen. They are a little further behind Warren Buffett, investment guru and head of investment firm Berkshire Hathaway, and Cargill-McMillan of Cargill, the family of agribusiness giant. Between these three companies, they generated a total revenue of over US$ 1 trillion (million) last year.

in Latin America, The index is led by Brazilian Grupo JBS, the largest refrigerator maker in the region. and the world’s largest protein producer, headed by José Batista, son of José Batista Sobrinho, who founded the company in 1953. This is followed by Aztec giant América Movil, owned by Carlos Slim, the richest man in the region.

However, thanks to the large number of companies, Mexico takes the crown in terms of total revenue as well.,


The fifteen Mexican family businesses that appear in the ranking generated a combined revenue of nearly US$160 billion last year,

as expected, At the top of the index is América Movil, owned by Carlos Slim, the richest man in Latin America. And one of the biggest wealth in the world. telecommunication company It is also the second largest in the region with a bill of US$41 billion in 2022Taking the family to 35th position globally.

He follows her, though at a distance. Servitje familywith the food giant Bimbo106 position and with annual revenue of approximately US$17 billion, ranking fifth regionally.

Appears to be third locally Alphafamily company thunder now Which is ranked 116th in the general ranking with an income of US$ 15 billion.

Below that, in position 121, is Grupo México, owned by German Laria, the businessman who is now leading bids to stay in the country with Citigroup subsidiary Banamex for sale. Chedraui, from the family of the same name, and Arka Continental, from Barragan, occupy positions 197 and 200, respectively. In total, these three companies added up to US$33 billion in revenue.

And below level 200 follow Orbia Advance, Soriana, Grupo Electra, Penoles, Televisa, Gruma, Xingnex, Lala and Bachoko, which together have a turnover of US$50 billion.

And in terms of equality, only five of all these companies have at least one woman on their board.


With fewer representatives in the rankings than their Mexican peers, 11 family businesses in Brazil generate over US$156 billion in revenue,

Although Josele Batista holds the reins of local leader JBS, he shares the responsibilities with his six brothers. Together US$65 billion in revenue, ranks among the 20 largest family businesses globallyIn position 17.

Bank is locally after JBS Bradesco’s turnover is close to US$19 billion. This places the Aguiar company at number 98 in the ranking.,

Brazilian companies ranked below 100 Marfring Global Foods, from the Molina dos Santos family; the metallurgical company Gerdau from the Gerdau Johannpeter family; And this

Compañía Siderúrgica Nacional de Steinbruch, located at locations 110, 124 and 208 in the rankings with a combined revenue of approximately US$50 billion.

Marfrig is the second largest meat producer in the world and the second largest food producer in Brazil, surpassed only by JBS.

These firms are followed by Votorantim, an industrial conglomerate, Magazine Luiza, a retail and supermarket holding company headed by influential businesswoman Luiza Trajano, followed by Energisa, Cosan, Velocity and Porto Seguro.

Of these 11 companies, only four have a woman as one of their directors.

Find details of all family businesses in Latin America (figures in million US dollars):


Chile is the third market with the largest number of family businesses in the index, with six conglomerates, including AntarChile from the Angelini family.which is ranked 68th worldwide, and is 4th in the region with approximately US$25 billion in revenue,

the second place is occupied by the family locally Paulman, from Sencosud Retail Group (125) And the third place belongs to the family. Solari (129), linked to Falabella, Both the companies are involved in the operation of retail and shopping centres.

these are the companies behind it Quinenko, from the Luksik family; from CMPC, Mats; and Agrosuper, from the Vayal familyin the global ranking at positions 227, 288 and 444 respectively.

It is worth noting that 50% of these companies have at least two women on their directors, as the country with the greatest diversity among its companies.

Argentina and Colombia

yes ok Argentina and Colombia offer only one family business for each family business index, with the Rocca family in third place at the regional level, with industrial conglomerate Technet., whose CEO is Paolo Rocca and who has continued his father and grandfather’s business for decades. Technit posted revenue last year that was approximately US$27 billion. Technit, together with its subsidiaries Tenaris, Ternium and Tecpetrol, is one of the 63 most important family companies in the world.

in the matter of Colombia, billionaire Luis Carlos Sarmiento’s Grupo Eval ranks 284With annual revenue of over US$6 billion.

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