1-10
| 11-50 |
51-100 |
101-150 |
151-200|
201-250
The World’s 250 Largest
Family Businesses
101. Lazard LLC
(92)
David-Weill/Paris, France
Industry: Investment banking
Revenues: $5 billion
Employees: 2,750
www.lazard.com
Legendary three-headed investment bank (Paris, London, New York) founded
1848 by three Lazard brothers, Parisian merchants in America. Cousin
(also son-in-law) Alexandre Weill (died 1906) set up New York office
1850, formal bank 1880. Family-run ever since: Alexandre’s great-grandson
Michel David-Weill, 70, controls (since 1977) what’s now world’s
fourth-largest mergers and acquisitions adviser; our revenue estimate
could be very conservative. Family holds 61% of voting control.
David-Weill may be end of family line: son-in-law Edouard Stern left
angrily 1997; non-family wizard Bruce Waserstein CEO since 2002.
102. Saudi
Binladin Group (93)
Bin Laden/Jeddah, Saudi Arabia
Industry: Conglomerate
Founded: 1931
Revenues: $5 billion
Conglomerate founded as construction firm 1931 by Yemeni immigrant
Mohammed bin Laden (or Binladin). Through ties to Saudi royal family,
grew to include mining and telecommnunications. Founder had 54 sons. One,
Bakr bin Laden, now heads company. Another, international terrorist Osama
bin Laden, has allegedly been disowned by family.
103. *Bolloré
(117)
Bolloré/Puteaux, France
Industry: Oil, transport
Revenues: $4.967 billion
Employees: 21,481
www.bollore.com
Conglomerate’s prime activity is freight forwarding, port services,
shipping lines; also distributes oil and makes film, thin papers,
cigarettes, mainly in French-speaking parts of Africa. Chairman and CEO
Vincent Bolloré and his family control more than 90% of voting rights.
104. *Koç Group
(94)
Koç/Istanbul, Turkey
Industry: Conglomerate
Revenues: $4.901 billion
Employees: 39,866
www.koc.com.tr
Conglomerate with more than 100 companies, from home appliance makers to
auto makers to financial services. Its 21 listed companies account for
18% of Turkey’s market capitalization. Chairman Rahmi Koç, 72, and his
family inherited about 81% of stock in parent Koç (pronounced “coach”)
Holding.
105. Alticor
(104)
Van Andel and De Vos/Ada, Mich.
Industry: Household products
Founded: 1959
Revenues: $4.9 billion
Employees: 11,000
www.alticor.com
Holding company formed 2000 for four businesses, most notably Amway. High
school buddies Jay Van Andel and Richard DeVos sold soap from DeVos’
Grand Rapids basement in 1948, subsequently enlisted more than 3 million
reps to sell 450 products in more than 80 countries. Amway now one of
world’s largest direct sales operations. DeVos, now 77, retired 1993;
Jay, now 79, retired 1995. Their sons Dick DeVos, 37, and Steve Van Andel
succeeded them as co-chief executives.
106. C&A
(95)
Brenninkmeijer/Vilvoorde, Belgium
Industry: Retailing
Revenues: $4.8 billion
Employees: 30,000
www.c-and-a.com
Four-hundred-year-old chain of 470 retail apparel shops in 12 European
countries is owned by at least 150 members of secretive Brenninkmeijer
family, who hold nearly all key positions and often communicate in a
secret code.
107.
*McGraw-Hill (99)
McGraw/New York
Industry: Publishing, advertising
Founded: 1909
Revenues: $4.788 billion
Employees: 16,505
www.mcgraw-hill.com
Trade magazine publishers James H. McGraw Sr. and John Hill joined forces
to create book company, 1909. Hill died 1916; McGraw and descendants
built company into world’s largest textbook publisher, also important
business information provider (Standard & Poor’s, Business Week,
etc.). James Sr. retired 1935, died 1948; was succeeded in turn by sons
James Jr. (Jay), Curtis and Donald. Their nephew Harold McGraw Jr. (b.
1918) beat out two cousins and an uncle for CEO job 1975; he’s been
chairman emeritus since 1988. His son Harold (Terry) III, 55, is current
CEO. McGraw family still owns 20% of stock.
108. *Porsche
(115)
Porsche-Piëch/Stuttgart, Germany
Industry: Automobiles
Revenues: $4.776 billion
Employees: 10,143
www.porsche.com
Fabled sports car maker also offers watches, luggage and tennis rackets a
century after its founding. Descendants of founding family Porsche-Piëch
clan own 76% of Porsche AG; they also own one of Europe’s most successful
car dealers, Porsche Holding, in Austria. Ferdinand Piëch, 66, is
chairman of Volkswagen, recently embarked on venture with Porsche to
create luxury sport utility vehicles.
109. Tchibo
Holding (97)
Herz/Hamburg, Germany
Industry: Coffee, tobacco
Revenues: $4.728 billion
Employees: 20,349
www.tchibo.de
Major cigarette maker was founded by Max Herz in 1949. Under current
leader Gunter Herz, 60, company has shifted from tobacco to coffee and
cafés. Wholly owned by Herz family.
110. *Fomento de
Construcciones y Contratas (98)
Koplowitz/Barcelona, Spain
Industry: Construction
Revenues: $4.705 billion
Employees: 52,078
www.fcc.es
FCC is Spain’s leading construction group (highways, airports, dams,
harbors, railways, and oil and gas pipelines). Founder’s daughter, deputy
chairman Esther Koplowitz Romero de Juseu, owns 29%, shares control with
Vivendi Environment, which owns 28%.
111. *Danaher
Corp. (121)
Rales/Washington, D.C.
Industry: Industrial equipment
Founded: 1982
Revenues: $4.577 billion
Employees: 29,000
www.danaher.com
Brothers Steven and Mitchell Rales started manufacturing company in their
20s, expanded through acquisitions into tools (Sears Craftsman hammers),
components, process-environmental controls. They own 30% today. Steven
51, is chairman; Mitchell, 46, is chairman of executive committee.
112.
*Italmobiliare S.p.A. (116)
Pesenti/Milan, Italy
Industry: Concrete, paper, services
Revenues: $4.575 billion
Employees: 18,489
www.italmobiliare.it
Family holding group for top concrete maker Italcementi plus other
construction materials firms. Subsidiaries in food packaging,
transportation and finance operate in Asia, Europe and North America.
113. *Carnival
Corp. (101)
Arison/Miami
Industry: Cruise line
Founded: 1972
Revenues: $4.368 billion
Employees: 37,200
www.carnivalcorp.com
World’s largest cruise operator (13 cruise lines and 65 ships) reinforced
its lead with $5.5 billion acquisition of Princess Cruises. CEO Micky
Arison, 54, son of founder Ted Arison, and his family own about 35% of
company.
114. *Kumagai
Gumi Co. Ltd. (86)
Kumagai/Tokyo, Japan
Industry: Contractor
Revenues: $4.358 billion
Employees: 5,987
www.kumagaigumi.co.jp
International general contractors, specializing in civil engineering
projects (roads, subways, tunnels, dams) as well as golf courses and
factories. Survived Japan’s real estate market bust after creditor banks
forgave a record 430 billion yen in debt.
115. *Kelly
Services (107)
Kelly, Adderley/Troy, Mich.
Industry: Business services
Founded: 1946
Revenues: $4.324 billion
Employees: 708,200
www.kellyservices.com
William Russell Kelly (1905-1998), son of oil-drilling pioneer, started
temporary office service in Detroit with $10,000. Brought in brothers
Dick (later president), Jim and Ted. After founder’s wife was killed in
auto crash 1947, he married employee Margaret Adderley and adopted her
son Terence. Terence Adderley, now 70, joined 1958, became president
1967, has been chairman since father’s death. Company places 700,000
people a year in jobs through 2,400 offices in 26 countries. Adderley,
now only family member at company, controls 92% of stock.
116. *Inditex
(147)
Ortega/La Coruna, Spain
Industry: Clothing
Founded: 1975
Revenues: $4.297 billion
Employees: 32,535
www.inditex.com
Designer-cum-retailer Industria de Diseno Textil (Inditex) sells trendy
clothes on global scale. More than 1,300 shops in nearly 40 countries
under six banners: Zara, Massimo Dutti, Pull & Bear, Bershka, Oysho and
Stradivarius, mostly in Europe. Amancio Ortega Gaona founded Zara in
1975, later created Inditex as a holding company. Inditex went public in
May 2001.
117. Advance
Publications (100)
Newhouse/Staten Island, N.Y.
Industry: Newspapers, magazines
Founded: 1922
Revenues: $4.2 billion
Employees: 22,785
www.advance.net
Founder Samuel I. Newhouse bought Staten Island Advance 1922,
built disparate, unstructured chain overrun with some 20 relatives before
his death, 1979. Somehow it works: Son Donald, 73, runs 25 profitable
daily newspapers (Cleveland Plain Dealer, Newark Star-Ledger,
etc.). His brother Si Jr., 75, runs less profitable but glitzier Condé
Nast magazines, nation’’s second-largest magazine publisher (Vogue,
Glamour, Vanity Fair, New Yorker).
118. Hallmark
Cards (111)
Hall/Kansas City, Mo.
Industry: Greeting cards
Founded: 1910
Revenues: $4.2 billion
Employees: 20,000
www.hallmark.com
Founder Joyce Hall (1891-1982) began as teenager, stamped company with
notion that good taste pays (Hallmark Hall of Fame TV show, Hallmark
Gallery in New York, Crown Center in Kansas City). Today 51% of all cards
sold in U.S. are Hallmark cards. Hall family owns two-thirds, employees
the rest. Founder’s son Donald, 75, stepped down as CEO 1986 but remains
chairman; son Don Jr., 47, is CEO.
119. Levi
Strauss (106)
Haas/San Francisco
Industry: Jeans manufacturer
Founded: 1853
Revenues: $4.137 billion
Employees: 12,400
www.levistrauss.com
World’s #1 maker of brand-name clothes. Bavarian immigrant Levi Strauss
(1829-1902) set up San Francisco dry goods house 1853; with tailor Jacob
Davis, invented blue jeans 1873. Levi Strauss & Co. now one of world’s
largest jeans makers. Bachelor Strauss left business to four Stern
nephews, who ran it until 1928. Team of Stern son-in-law Walter Haas Sr.
and brother-in-law Daniel Koshland ran firm next; their descendants still
in control, with most family shares held in 15-year voting trust. Family
LBO’d the company 1996 in $4.3 billion deal orchestrated by Strauss’s
great-great-grandnephew Robert Haas, now 61.
120. *Jerónimo
Martins (131)
Soares dos Santos/Lisbon, Portugal
Industry: Food retailing
Revenues: $4.079 billion
Employees: 30,722
www.jeronimomartins.pt
Portugal’s second-largest food retailer, founded 1792. Chairman Alexandre
Soares dos Santos and four of his seven children work in business,
assisting with aggressive overseas expansion. Family owns 60% of group.
121. Oetker
Group (110)
Oetker/Hamburg, Germany
Industry: Conglomerate
Revenues: $4.054 billion
Employees: 12,000
Wholly owned family conglomerate embraces breweries, shipping, baked
goods, frozen pizza, U.S. real estate, resort hotels in France and
Switzerland, Hamburg Süd shipping line. Group now run by brothers August,
Christian and Richard Oetker.
122. McCain
Foods Limited (129)
McCain/Florenceville, New Brunswick, Canada
Industry: Food processing
Founded: 1957
Revenues: $4.016 billion
Employees: 18,000
www.mccain.com
McCain family began producing French fried potatoes in 1957, now world’s
leading maker of French fries. Also produces frozen vegetables, juices,
pizza and entrees. Family still owns the company, although some clan
members split off in 1990s to run Maple Leaf Foods, Canada’s
second-largest food processor (see #147 below).
123.
*Cablevision Systems (NR)
Dolan/Bethpage, N.Y.
Industry: Cable TV
Founded: 1973
Revenues: $4.003 billion
Employees: 21,075
www.cablevision.com
Company provides cable TV service to more than 3 million customers in and
around New York City. Also operates national cable networks American
Movie Classics and Women’s Entertainment, Madison Square Garden, NBA’s
New York Knicks, NHL’s New York Rangers, plus Radio City Music Hall.
Founder/chairman Charles F. Dolan, 76, and family own 26% of stock but
control 76% of vote. Son James L. took over as CEO 1995. Also involved:
Jimmy’s wife and his two older brothers.
124. *Murphy Oil
(105)
Murphy/El Dorado, Ark.
Industry: Oil
Founded: 1907
Revenues: $3.967 billion
Employees: 4,010
www.murphyoilcorp.com
Charles H. Murphy Sr. started investing in oil 1907; after World War I
son Charles Jr. expanded into oil and gas production. After two
non-family CEOs, founder’s grandson Claiborne Deming (Charles Jr.’s
nephew), now 48, took over 1994. Now operates pipelines in U.S. and
Canada, also runs 922 gas stations in U.S. and Britain, many on Wal-Mart
lots.
125. *Richemont
(NR)
Rupert/Zug, Switzerland
Industry: Luxury goods
Revenues: $3.941 billion
Employees: 14,978
www.richemont.com
World’s second-largest luxury goods company (behind French rival LVMH
Moët Hennessy Louis Vuitton); markets Cartier jewelry, Piaget and Baume &
Mercier watches, Alfred Dunhill leather goods and Montblanc pens. Also
owns 80% of jeweler Van Cleef & Arpels. Founded by South African
entrepreneur Anton Rupert, who invented first king-sized cigarette; son
Johann is now CEO.
126. *Espírito
Santo Financial Group S.A. (126)
Espírito Santo/Luxembourg-Kirchberg, Luxembourg
Industry: Insurance, banking
Revenues: $3.882 billion
Employees: 10,127
www.esfg.com
Holding company mainly comprising Companhia de Seguros Tranquilidade,
Portugal’s #1 insurance firm, and Banco Espírito Santo. Most operations
are in Portugal, but also in Brazil, Caribbean and U.S. (through its
Espírito Santo Bank of Florida). Founding Espírito Santo family is
largest stockholder in company.
127. Lefrak
Organization (119)
LeFrak/Rego Park, N.Y.
Industry: Real estate
Founded: 1905
Revenues: $3.8 billion
Employees: 16,200
www.lefrak.com
Giant home-building firm now in fourth, fifth and sixth generations:
70,000 middle-class apartments owned in New York, plus 40,000 managed
(Lefrak City, etc.). Late patriarch Samuel J. LeFrak (1918-2003) started
working for father Harry at age eight. His son Richard, 58, president
since 1975, now transforming abandoned N.J. rail yards into $10 billion
commercial and residential community along Hudson River. Sam’s grandsons
Harrison and James also are in company.
128. BCD
Holdings (118)
van Vlissingen/Netherlands
Industry: Travel, financial services
Revenues: $3.8 billion
Employees: 5,800
www.worldtravel.com
Holding company for Netherlands’ wealthy van Vlissingen family, headed by
John A. Fentener van Vlissingen, 64. Parent firm, now run by his brothers
Paul and Frederik, evolved over seven generations from coal producer to
oil/retailing/raw materials transporter. Centerpiece is BCD’s
majority-owned World Travel Partners, Atlanta-based travel agency
battling Carlson Wagonlit for #2 global ranking behind American Express.
BCD also offers financial and real estate services. (See also SHV
Holdings, #61 above.)
129. Cisneros
Group (NR)
Cisneros/Caracas, Venezuela
Industry: Broadcasting
Revenues: $3.8 billion
www.cisneros.com
One of world’s biggest media firms, with interests in broadcast and pay
television, radio and Internet. Cisneros family owns company; Gustavo
Cisneros is CEO.
130. *Adolph
Coors (161)
Coors/Golden, Colo.
Industry: Beer
Founded: 1873
Revenues: $3.776 billion
Employees: 8,700
www.coors.com
German immigrant Adolph Coors launched small beer company, now second
largest in U.S. Founder’s great-grandson Peter Coors, 57, CEO, projecting
more open, youthful image. Family members still control voting stock.
131. *Grupo
Ferrovial (122)
Del Pino/ Madrid, Spain
Industry: Construction
Revenues: $3.756
Employees: 23,522
www.ferrovial.com
One of Spain’s largest engineering and construction firms; also provides
housing and community development, toll road and car park management, and
environmental and telecommunications services. Rafael del Pino y Moreno,
who founded company in 1952, and sons own 57%. Rafael announced
retirement in 2000; son Rafael del Pino y Calvo-Sotelo succeeds him.
132. Otsuka
Pharmaceutical (123)
Otsuka/Tokyo, Japan
Industry: Pharmaceuticals, drinks
Revenues: $3.748 billion
www.otsuka.co.jp
Founder Masatoshi Otsuka (died April 2000) built a 17-employee factory
into a health care empire. Eldest son Akhiko Otsuka, 63, succeeded him,
stepped down as CEO 1998, still on board. Family owns about 20%, plans to
keep company private. Currently developing a schizophrenia drug with
Bristol-Myers Squibb.
133. *American
Financial Group (113)
Lindner/Cincinnati
Industry: Insurance, investments
Founded: 1959
Revenues: $3.741 billion
Employees: 7,100
www.amfnl.com
Carl Lindner and brothers opened ice cream store 1940, built it into
22-store United Dairy Farmers chain. Launched American Financial with
small savings and loans 1959; added insurance 1971, Chiquita Brands early
1970s. Now a holding company for diverse family investments. Lindner
family owns almost 45%. Carl, 84, still CEO; his three sons, Carl III,
49, Craig, 48, and Keith, 43, are co-presidents.
134. *Host
Marriott (120)
Marriott/Bethesda, Md.
Industry: Hotels and gaming
Founded: 1927
Revenues: $3.696 billion
Employees: 189
www.hostmarriott.com
Smaller luxury hotels arm of empire launched by J. Willard Marriott in
1927 with D.C. root beer stand. Owns 120 luxury Marriott and Ritz-Carlton
hotels, most managed by larger sister company Marriott International (see
#69 above). Headed by founder’s son Richard, 64; his older brother John
runs Marriott International, which manages most Host Marriott properties.
135. *Grupo
Bimbo S.A. (125)
Servitje/Mexico City, Mexico
Industry: Bread, tortillas
Founded: 1945
Revenues: $3.687 billion
Employees: 71,000
www.gibsa.com.mx
Mexico’s leading bread maker and one of world’s top bakers as well,
offering more than 3,500 products including cookies and tortillas.
Majority-owned by Servitje family, which founded it in 1945 and named it
for a bear in the company logo.
136. *Dassault
Aviation (134)
Dassault/Paris, France
Industry: Aviation
Founded: 1945
Revenues: $3.606 billion
Employees: 12,022
www.dassault-aviation.fr
Aviation giant, founded 1945, specializes in Falcon line of luxury
business jets. Also makes Mirage and Rafale jet fighters. Founding
Dassault family owns 49.9% of company; French defense group Aerospatiale
Matra, a member of new Franco-German aerospace group EADS, owns 46%. CEO
Serge Dassault retired on 75th birthday in 2000, survived corruption
scandal.
137. Barilla G &
R Fratelli S.p.A. (190)
Barilla/Parma, Italy
Industry: Pasta
Founded: 1877
Revenues: $3.602 billion
Employees: 7,000
www.barilla.it
World’s leading pasta producer: more than 30 varieties sold in some 100
countries. Also makes sauces (#1 in Italy), bread, and crackers. Formed
as a pasta and bread shop in 1877. Fourth generation of founding family
(including the three Barilla brothers—Paulo, Luca and Guido—who run
company) own 85%.
138. Milliken &
Co. (114)
Milliken/Spartanburg, S.C.
Industry: Textiles
Founded: 1865
Revenues: $3.6 billion
Employees: 14,000
www.milliken.com
Deering Milliken, small woolen fabrics firm in Portland, Maine, started
by William Deerfield and Seth Milliken, who later bought out his partner.
Company moved to New York 1868, to South Carolina 1884. Now one of
world’s largest textile manufacturers, with 65 fabric and chemicals
plants worldwide. Grandson Roger Milliken, now 87, has led company since
1947; he and brother Gerrish own it.
139. *Acciona
(150)
Entrecanales/Madrid, Spain
Industry: Construction
Revenues: $3.579 billion
Employees: 20,698
www.acciona.es
One of Spain’s largest international contractors. Also operates
cogeneration plants and wind-power parks in Spain and hydroelectric
projects internationally. Entrecanales family holds 59% stake and top
posts.
140. *Jabil
Circuit (127)
Morean/St. Petersburg, Fla.
Industry: Electronics
Founded: 1966
Revenues: $3.546 billion
Employees: 20,000
www.jabil.com
Computer equipment maker was founded in suburban Detroit garage.
Founder’s son William Morean, now 48, swept floors as boy, returned 1977
at age 22 to run one-client company upon father’s retirement. He became
CEO 1988, now chairman since 2000. Company now one of nation’s top makers
of printed circuit boards and other electrical components. Morean family
owns nearly 30%.
141. *Grupo
Modelo (128)
Diez Fernandez/Mexico City, Mexico
Industry: Beer
Founded: 1925
Revenues: $3.459 billion
Employees: 48,474
www.gmodelo.com.mx
Mexico’s largest brewery, with more than 60% of country’s market share
and exports to more than 150 countries. Founded in 1925 by Pablo Diez
Fernandez and grew by acquiring regional brewers. Heiress and vice chair
Maria Asuncion Aramburuzabala and family own major stake; majority
control owned by U.S. Busch family’s Anheuser-Busch.
142. *Groep
Colruyt (NR)
Colruyt/Halle, Belgium
Industry: Food stores
Founded: 1925
Revenues: $3.391 billion
Employees: 12,402
www.colruyt.be
Belgian baker Franz Colruyt set up wholesale coffee importing business
1925, established as food wholesaler 1950. Son Jo opened first
supermarkets 1964; now 160 discount food stores in Belgium and France,
also gas stations. Jef Colruyt is current chairman.
143. ContiGroup
Cos. (130)
Fribourg/New York
Industry: Grain, feed, food processing
Founded: 1813
Revenues: $3.3 billion
Employees: 14,500
www.contigroup.com
Major global agribusiness firm (formerly Continental Grain) founded in
Belgium and still owned by founding Fribourg family but no longer in
grain business. Now nation’s #2 cattle and pork producer; has offices in
ten countries. Longtime CEO Michel Fribourg stepped down 1994 to make
room for second-eldest son Paul (founder’s great-great-great-grandson),
now 49.
144. Hearst
(112)
Hearst/New York
Industry: Media
Founded: 1887
Revenues: $3.3 billion
Employees: 17,170
www.hearstcorp.com
Mining heir William Randolph Hearst (1863-1951) took over San
Francisco Examiner 1887, New York Journal 1895, aimed at mass
audiences, built nation’s then-largest newspaper chain. Last surviving
son, Randolph, chairman 1973-1996, succeeded by nephew George R. Hearst,
now 76. Family still controls empire of 12 dailies (including Houston
Chronicle), 14 weeklies, 16 magazines (Harper’s Bazaar,
Cosmopolitan, Town & Country), TV, cable programming (ESPN,
Lifetime).
145. *Sun Hung
Kai Properties (170)
Kwok/ Hong Kong, China
Industry: Real estate
Revenues: $3.253 billion
Employees: 18,000
www.shkp.com.hk
Brothers Walter, Thomas and Raymond Kwok, all in their 40s, inherited
real estate developer Sun Hung Kai Properties upon their father’s death
in 1990 and have since propelled it into one of Hong Kong’s prime real
estate players: residential projects, shopping centers, office and
industrial properties, and parking lots. Also invests in real estate
projects in mainland China.
146. Bekaert
Group (NR)
Bekaert/Kortrijk, Belgium
Industry: Metal technologies
Founded: 1880
Revenues: $3.22 billion
Employees: 16,836
www.bekaert.com
Small manufacturing and trading company formed by Leo Leander Baekert in
1880 to produce barbed wire for farmers is now world leader in advanced
metal transformation and coating technologies, with more than 95 plants
in 29 countries.
147. *Maple Leaf
Foods (NR)
McCain/Toronto, Canada
Industry: Food processor
Revenues: $3.219 billion
Employees: 18,000
www.mapleleaf.com
Produces fresh and processed pork and poultry products for retailers and
wholesalers under Maple Leaf, Hygrade and Shopsy’s brands. Also owns
nearly 85% of leading bakery business, Canada Bread. Branch of McCain
family (see McCain Foods, #122 above) owns more than 30% of voting stock;
a teachers’ pension fund holds nearly 40%. G. Wallace McCain is chairman,
Michael McCain president.
148. Raley’s
Inc. (132)
Teel/W. Sacramento, Calif.
Industry: Food and drug stores
Founded: 1935
Revenues: $3.2 billion
Employees: 17,000
www.raleys.com
Arkansan Thomas P. Raley, 13th of 14 children, quit job as Safeway store
manager in California (1935) to open his own grocery in Placerville.
Introduced drive-in markets, pre-packaged meats, side-by-side drug and
grocery stores, etc. Today 150 supermarkets. Founder’s only child, Joyce,
worked in store as teen, married co-worker Jim Teel, returned 1985, took
over with husband after father’s death (1991). Joyce, 72, and Jim are now
co-chairmen; Teels’ son, four daughters and sons-in-law also active.
149. *Neiman
Marcus Group Inc. (138)
Smith/Dallas
Industry: Department stores
Founded: 1907
Revenues: $3.098 billion
Employees: 15,100
www.neimanmarcus.com
Legendary Dallas department store chain, known for extravagant special
events, one-of-a-kind items, and especially attentive salespeople,
founded by Herbert Marcus, his sister Carrie and her husband, Al Neiman.
Today operates 37 stores in 20 states, plus two Bergdorf Goodman stores
in New York. Founders’ families no longer involved, but family of
chairman Richard A. Smith, 78, controls about 13%. Son Robert, 43, and
son-in-law Brian Knez, 45, are co-vice chairmen.
150. *New York
Times (136)
Sulzberger/New York
Industry: Newspapers
Founded: 1851
Revenues: $3.079 billion
Employees: 12,150
www.nytco.com
Tennessean Adolph Ochs (1858-1935) bought Times 1896, rescued it
from New York’s penny-paper wars by making it America’s most respected
newspaper. Son-in-law Arthur H. Sulzberger, publisher 1935-1961, made it
world’s greatest. Sulzbergers at helm ever since; chairman today (but not
CEO) and publisher of Times is founder’s great-grandson Arthur O.
Jr., 52. Family owns about 18% of stock, elects two-thirds of directors.