Günther Quandt founded what would later become known as BMW in 1916. The Cathy family has expressed their dedication to preserving the legacy that S. The family continues to stay true to its southern roots, focusing most of its expansion across southern states. Truett’s sons Dan and Donald Cathy currently serve as the CEO and executive vice president of Chick-fil-A. Throughout the years, the company has remained within the family’s control. ![]() Chick-fil-A currently has 2,470 locations across the U.S., and its sales are competitive with chains that have three times as many restaurants. Truett Cathy started Chick-fil-A in 1946, and the company is currently the third-largest fast food chain in the U.S., thanks to its unique franchise structure. Jim and Steuart Walton currently serve on the board of directors. Many members of the Walton family have worked at the company or served on the board of directors over the years. His family manages these shares through the Walton Enterprise, a company set up to manage the family’s fortune. Sam Walton died in 1992, and he left 50% of the company’s equity to his wife and children. ![]() The company’s success surpassed even Walton’s expectations, and Walmart has grown to be a retail giant. In 1962, Sam Walton opened the very first Walmart store in Bentonville, Arkansas. Here are 10 family-owned businesses that have made it big. But the truth is, there are 5.5 million family businesses in the United States, which account for 57% of America’s gross domestic product (GDP) and 63% of our workforce. When you think of a family-owned business, you may imagine the occasional small mom-and-pop store. Family businesses have a big impact on America - they make up almost 60% of the economy's GDP and 63% of its workforce.
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