The 2023 EY and University of St.Gallen Family Business Index reveals the largest family enterprises are growing faster than the global economy. In brief The largest 500 family enterprises generate US$8.02 trillion in revenue – up 10% from 2021. The inflow of new entrants, mainly from Europe (35%), is mostly public (64%). Almost half (47%) are from manufacturing, reflecting recovery in the sector. Women hold only 23% of board seats, indicating more needs to be done to close the gap. Collectively, the family enterprises that were included in the 2023 EY and University of St.Gallen Family Business Index generated $US8.02 trillion in revenue – a 10% increase on the 2021 Index 1 . According to the International Monetary Fund 2 , the global economy grew by 6% in 2021, and is forecast to grow by 3.2% in 2022 and 2.7% in 2023. This means family enterprises have been growing at nearly twice the rate of advanced economies and around one and a half times the rate of emerging market and developing economies. Between them, the 500 companies on the Index employ 24.52 million people, up 1.4% from 2021, and are distributed across 47 different jurisdictions. The Index highlights, once […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
