Five of the world’s largest family businesses in the top 20 of the new Fortune Global 500 have seen their combined revenues slump by more than $74.5 billion compared to last year.
The 2015 fiscal year impacted the bottom lines of Volkswagen, Toyota Motor, Samsung Electronics, and EXOR Group by almost 6% with not even Walmart, controlled by the Walton family, immune from sales falling for the first time, Fortune reported.
Berkshire Hathaway was the exception to the rule, with revenue up by more than 7%.