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pizzamann2472 t1_j33qvf4 wrote

Reply to comment by christian4tal in [OC] Country Distribution of Top 500 Companies by Market Capitalization by chartbear

To even have a market cap, a company also needs to be publicly available at the market in the first place. In many European countries, it is much more common to have privately owned billion-dollar companies than in the US, where the stock market plays a much bigger role.

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Eric1491625 t1_j36hiq9 wrote

This is true. Particularly explains why China is this low -

>Of the 130 Chinese entities in the 2021 Fortune Global 500 ranking, 93 (71.5%) are unlisted, of which 75 are state-owned. By contrast, among the 130 largest non-Chinese companies in the same Fortune ranking, only 5 are unlisted - of which only one, the US Postal Service, is an SOE.

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[deleted] t1_j34it1d wrote

I doubt it's more common, I also doubt many of those companies would make it into the top 500 regardless so it wouldn't effect this chart.

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Yes_Primeminister t1_j353wbu wrote

I looked it up. Most of the biggest 100% family owned businesses are indeed german and they would definitely be in the top 500 of companies.

Link: https://en.m.wikipedia.org/wiki/List_of_the_largest_family_businesses

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sumsofanarchy3 t1_j358q4x wrote

This is misleading. Many of these family owned businesses are publicly traded and included in the top 500 in the chart. Walmart, Berkshire, Ford, BMW, etc.

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Yes_Primeminister t1_j35bi5m wrote

It's about the private family owned businesses. They are mostly german and would appear in the top 500 if they would be publicly traded.

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sumsofanarchy3 t1_j35dy79 wrote

But they are publicly traded? BMW is on your list and in the top 500.

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Yes_Primeminister t1_j35f3tt wrote

I couldn't find a list of private family companies. Just look at the percentage of hold shares by the families. Those with 100% family hold shares are mostly german like Schwarz, Aldi and Bosch.

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[deleted] t1_j35cl5p wrote

I don't think this would be enough to move the needle one way or the other in terms of what the percentages look like here if you were to obtain a fair market price number for 100% private companies and add them to every nation's total.

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Eric1491625 t1_j36hjfg wrote

This is true. Particularly explains why China is this low -

>Of the 130 Chinese entities in the 2021 Fortune Global 500 ranking, 93 (71.5%) are unlisted, of which 75 are state-owned. By contrast, among the 130 largest non-Chinese companies in the same Fortune ranking, only 5 are unlisted - of which only one, the US Postal Service, is an SOE.

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