8 Most Successful Family Businesses in the U.S. That Still Thrive Today

Family businesses have been at the heart of the American economy for centuries. Many of these enterprises started as small ventures and grew into industry giants while maintaining their founding families’ influence. Below are eight of the most successful family-owned businesses in the U.S., spanning industries from retail and food to automotive and agriculture.

1. Walmart Inc.

Founded: 1962 | Industry: Retail | Family: Walton

Walmart, the world’s largest retailer, was founded by Sam Walton in Rogers, Arkansas. Despite its vast global presence, the Walton family remains the largest shareholder, controlling about 50% of the company. With over 10,500 stores worldwide and annual revenue exceeding $600 billion, Walmart has revolutionized retail with its low-price model and logistics efficiency.

The company employs more than 2.1 million people, making it one of the largest private employers globally. Walmart’s success stems from its adaptability, expansion into e-commerce, and commitment to cost-cutting innovations.

2. Ford Motor Company

Founded: 1903 | Industry: Automotive | Family: Ford

Ford Motor Company is one of the most iconic American businesses. Founded by Henry Ford, the company introduced mass production techniques that transformed the car industry. Today, the Ford family maintains control through special Class B shares, ensuring their continued influence despite public trading.

With a legacy spanning over a century, Ford remains a leader in the automotive sector, producing popular models like the F-Series pickup, Mustang, and electric vehicles such as the Ford Lightning. The company generates over $170 billion in annual revenue and continues to evolve with a focus on sustainable and electric vehicles.

3. Cargill, Incorporated

Founded: 1865 | Industry: Agriculture & Food | Family: Cargill & MacMillan

Cargill is one of the largest privately held companies in the U.S., specializing in agribusiness, food production, and commodities trading. Founded by William Wallace Cargill, the company remains controlled by the Cargill and MacMillan families, who own over 90% of the company.

With operations in 70+ countries and annual revenues surpassing $165 billion, Cargill plays a crucial role in global food supply chains. The company deals in grain trading, meat processing, and even financial services, making it a quiet but powerful force in the global economy.

4. Koch Industries

Founded: 1940 | Industry: Manufacturing, Energy & Chemicals | Family: Koch

Koch Industries, initially an oil refining business, has expanded into diverse sectors including chemicals, energy, and manufacturing. The company remains family-controlled, with Charles Koch at the helm until his retirement in 2023.

With revenues exceeding $120 billion per year, Koch Industries operates subsidiaries like Georgia-Pacific, Flint Hills Resources, and Molex. The company is also known for its political influence and strong libertarian economic policies.

5. Mars, Incorporated

Founded: 1911 | Industry: Food & Pet Care | Family: Mars

Mars is best known for its famous chocolate brands like M&M’s, Snickers, and Twix. However, it has expanded beyond confectionery into pet care (Pedigree, Royal Canin) and food products (Ben’s Original, Dolmio).

The Mars family, which still owns the business, has kept it privately held, allowing it to maintain its long-term vision without shareholder pressure. The company generates more than $47 billion in annual revenue and remains a top player in the global food industry.

6. L.L.Bean

Founded: 1912 | Industry: Retail & Outdoor Gear | Family: Bean

What started as a small operation selling waterproof hunting boots has grown into a well-respected outdoor retail brand. L.L.Bean, still family-owned and headquartered in Maine, is known for its high-quality products and legendary customer service.

The company maintains a commitment to sustainability and American craftsmanship, ensuring long-lasting products. It remains a beloved brand among outdoor enthusiasts, continuing to thrive despite increasing competition.

7. Reyes Holdings

Founded: 1976 | Industry: Food & Beverage Distribution | Family: Reyes

Reyes Holdings, a leading distributor of food and beverages, operates some of the largest beer and soft drink distribution networks in the U.S. The company, founded by brothers J. Christopher and M. Jude Reyes, partners with brands like Coca-Cola, MillerCoors, and McDonald’s.

With revenues exceeding $40 billion, Reyes Holdings continues to grow through acquisitions and strategic expansions, ensuring its dominance in the distribution industry.

8. Estée Lauder Companies

Founded: 1946 | Industry: Beauty & Cosmetics | Family: Lauder

Estée Lauder Companies is one of the world’s leading beauty and skincare brands, founded by Estée Lauder and her husband, Joseph, in 1946. Over the decades, the company expanded into luxury skincare, makeup, and fragrance brands, including Clinique, MAC, Bobbi Brown, and La Mer.

Despite being publicly traded, the Lauder family retains significant control, with multiple members serving in executive roles. The company generates over $16 billion in annual revenue, maintaining a dominant presence in the global beauty market.

These eight family businesses showcase the power of generational leadership, adaptability, and long-term vision. While industries and markets evolve, these companies have remained strong by preserving family values while embracing innovation.

These family-owned enterprises continue to shape the American economy.