EY and University of St. Gallen Family Business Index

The 2021 EY and University of St. Gallen Family Business Index reveals that the largest family-owned businesses are vital to the health of the global economy. They collectively generate US$7.28 trillion in revenue and employ 24.1 million people.

Longevity and stability have mattered these past two years. Seventy-five per cent of family businesses are over 50 years old and almost one third are over 100 years old. They have balanced their long-term business outlook with an ability to pivot quickly amidst a crisis. Some have also stepped forward to provide medical equipment and even financial support revealing an enduring sense of social responsibility.