Hong Kong Family Businesses in Global Rankings

In an impressive display of financial prowess, ten Hong Kong family firms have secured their positions among the world's top 500 largest family businesses, as revealed in the 2025 EY and University of St. Gallen Global 500 Family Business Index. Together, these firms amassed a staggering combined revenue of $774 billion.

Top Contenders

Leading the pack is Jardine Matheson Holdings Ltd., which proudly ranks 43rd overall with an eye-popping revenue of $280.47 billion (approximately US$36.05 billion) and a workforce of 443,000 employees. This conglomerate's diverse portfolio spans various sectors including real estate, retail, and transportation — a testament to its expansive reach and significance in the global market.

Following closely in the rankings, WH Group Ltd. takes the 64th spot, boasting revenues of $204.21 billion (around US$26.24 billion) and employing 101,000 individuals. Renowned for its leadership in the pork market, WH Group significantly contributes to food supply chains not only in Asia but globally.

Chow Tai Fook Jewellery Group claims the 142nd position with revenues of $108.44 billion (roughly US$13.90 billion), employing 28,000 people. As a frontrunner in luxury retail, the company’s exquisite craftsmanship and marketing strategies continue to age like fine wine, appealing to a new generation of jewelry buyers.

Other notable firms include Swire Pacific Ltd. (162nd, $94.29 billion in revenue with a workforce of 54,000), and CLP Holdings Ltd. (176th, generating $86.52 billion with 8,000 employees). The complete ranking includes First Pacific Company Ltd. (183rd), Sun Hung Kai Properties Ltd. (222nd), Towngas (273rd), Johnson Electric Holdings Ltd. (480th), and Sino Biopharm (483rd).

Global Economic Impact

The index as a whole recorded a remarkable aggregate revenue of $68.46 trillion (US$8.8 trillion), reflecting a 10% increase from the previous index in 2023. This surge not only reinforces the resilience of family businesses but also highlights their critical role in the global economy, collectively employing about 25.1 million people worldwide.

Interestingly, if we were to compare the combined revenues of these 500 family businesses to national GDPs, they would occupy the position of the world’s third-largest economy, trailing only the United States and China. This data underscores the immense influence and stability that family-run enterprises contribute to the global market landscape.

Conclusion

As the global economy continues to evolve, the success of these family businesses indicates their ability to adapt and thrive, proving that legacy and innovation can go hand in hand for generations to come.